Wealthier and Fairer Sample Clauses

Wealthier and Fairer emerging challenges Emerging challenges arise from the global economic recession. As noted above there is evidence of the impact on the Highlands in terms of rising unemployment and a reduction in the number of house completions. In addition, HIE has identified that the economic situation is variable across the region with some businesses and sectors performing well and others experiencing difficulties. Difficulties for Highland appear to be:
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Wealthier and Fairer. Future Opportunities The following opportunities exist to help create a wealthier and fairer Highland:
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Wealthier and Fairer. The impact of the economic downturn in Aberdeen City and Shire area may be significantly different to other parts of the country. If this happens, it will be largely due to the City’s industrial structure and the importance of the oil and gas sector. The level of activity in the North Sea can have as much influence on the wider Aberdeen economy as the prevailing national economic trends. However, the benefit of this ‘cushion’ could be undermined by the recent fall in the price of oil. This is backed up by a report from the Centre for Cities, which said that Aberdeen was better placed to recover quickly from the current global economic crisis. The reasons given were that Aberdeen had one of the highest percentages of residents with degree level qualification – 40% of its working age – and Aberdeen was ranked 5th overall in the UK for employment growth in 2007. The report also concluded that ‘Aberdeen’s position as the UK hub of the North Sea oil industry should make it more resilient.’ The areas of weakness included Aberdeen’s falling population; the low growth in wages in the last few years; and the high number of people working in the financial services sector. (taken from The Impact of the Economic Downturn in Aberdeen City and Shire). Scottish Enterprise are conducting regular health checks on businesses in the North East which are reported on a weekly basis to the Scottish Government The report - The Impact of the Economic Downturn in Aberdeen City and Shire - will be regularly updated and the issues raised through the constant monitoring of the economic situation in the North East will be addressed by Aberdeen City and Shire Economic Future (ACSEF). The North East contributes 13% of Scotland’s economic output with 10% of Scotland’s population. The long term plans to support the continued growth in the economy have been developed with the direct involvement of businesses in the North East. The resulting plan has seven strategic priorities each of which is being led by a member of Aberdeen City and Shire Economic Future. The priorities are shown below. • Deliver a fully integrated transport network • Maximise our intellectual capital - people and expertise • Deliver city centre redevelopment • Internationalise the oil and gas industry • Attract and develop skilled people • Improve the efficiency of planning decision making • Aberdeen City and Shire as the location of choice for company headquarters In 2006, economic output in the North East of Scotland ...
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