Moray Economic Strategy. A more prosperous and fairer Moray with a strong, more competitive and more diverse business base - Xxxxxx Xxxxxxxxxx Introduction A Agriculture & Fishing B,D,E Energy & Water C Manufacturing F construction G,I Distribution, Hotels & Restaurants H,J Transport & Communications K-N Banking, Finance & Insurance O-Q Public Admin. Education & Health R-U Other Services Moray has relatively high levels of economic activity and employment, however there are a number of long-standing challenges within the economy including: Traditionally low levels of pay reflecting the strong food and drink manufacturing sector An over-reliance on the public sector (including defence) A relatively low proportion of graduates in the Moray workplace A high level of outmigration A tight labour market with a shortage of capacity, skills and flexibility The Moray Economic Strategy seeks to meet these and other challenges through co-ordinated partnership action and building on Moray‟s strengths and natural assets and the opportunities these offer. % in Employment by Industry (SIC 2007) 2008/09 2009/10 2010/11 2011/12 35 30 25 20 15 10 5 0 A B,D,E C F G,I H,J K-N O-Q R-U Moray Scotland Moray Scotland Moray Scotland Moray Scotland Moray Scotland Moray Scotland Moray Scotland Moray Scotland Moray Scotland The graphs highlight the considerable disparity between Moray and Scotland in the proportion of the economically active population aged 16-64yrs with a degree, and although the median gross weekly wage of full-time workers is getting closer to the national level, it remains lower [40]. % Economically Active with a Degree or equivalent & above - aged 16-64 20 10 0 2007 2008 Moray 2009 2010 Scotland 2011 Median Gross Weekly Wage of Full-Time Workers Moray Scotland £600 £500 £400 £300 £200 £100 £0 Report to Moray Economic Partnership In Place Develop/Review Implement Led By Working Group Moray Economic Strategy Develop economic database Prioritise programme of projects & develop project plans for the prioritised projects Moray Economic Partnership Implement Skills & training programme Skills & training Group Implement Tourism & culture programme Moray Tourism Development Group Tourism Group Implement Development programme Development Group Implement transportation programme Strategic Business Forum Forres Enterprise Park designated as an Enterprise Zone Mikledore Inward Investment Proposition Implement Inward investment & business growth programme Inward Investment & Business Growth BV4M Imp...
