Headlines

Greater Manchester submits LEP plans

08/09/2010

Innovative proposals for a private sector-led Greater Manchester Local Enterprise Partnership were submitted to the government on 6th September.

For more information click here

Review Confirms Manchester as Key Science and Innovation Hub

07/09/2010

A report published today by New Economy finds that Manchester’s concentration of world-class scientific strength is well positioned to support the government’s ambitions to boost the effectiveness of government funded science and research activity.

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Manchester Monitor released

01/09/2010

New Economy releases its monthly Manchester Monitor. Recent figures show that the economy appears more hesitant than last month.

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Unemployment Monitor released

13/08/2010

New Economy releases its monthly Unemployment Monitor. Figures show that the JSA claimant level has fallen by only 121 this month – around 0.2%.

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Job queue remains stationary

11/08/2010

Figures released today show that unemployment remained broadly static across Greater Manchester. The fall in unemployment has slowed compared to the first half of the year. The number of jobseeker’s allowance claimants in Greater Manchester fell by just 121 to 74,325 in June 2010 – a fall of only 0.2% on June’s figures.

For more information click here

Manchester Monitor Released

30/07/2010

The July 2010 Manchester Monitor is released. The report finds that Greater Manchester’s economy appears in better health than last month, but that the twin challenges of oublic sector cuts and public sector restructuring remain.

To view the latest Manchester Monitor click here

Unemployment Monitor Released

28/07/2010

The July 2010 Unemployment Monitor is released. Figures show that jobseeker’s allowance claimant numbers continue to fall, but that the areas with the highest claimant rates are showing the smallest falls.

To view and download the new Unemployment Monitor click here

Positive news as job queues shorten for fifth month in a row

14/07/2010

Figures released today show that job queues shortened in all districts across Greater Manchester last month, the fifth successive month that unemployment has fallen across the area, and continued good news for the local economy.

Click here to find out more.

AGMA publishes Greater Manchester’s Low Carbon Economic Area for the Built Environment Joint Delivery Plan.

06/07/2010

The Vision of the plan is that “By 2015 Greater Manchester has established itself as a world leader in the transformation to a low carbon economy.” Analysis indicates that by 2015 Greater Manchester Low Carbon Economic Area for the built environment could

Deliver up to £650 million additional to the Gross Value Added of the economy
Support 34,800 jobs, including 18,000 in the supply chain
Benefit the UK through developing and sharing best practice, as well as economic spill-over benefits
Save 6 million tonnes of carbon from existing buildings

To access the full report, click here (8271kb).*

New Economy research released on attracting and retaining innovative entrepreneurs

30/06/2010

A report released today, carried out by New Economy for the North West Regional Development Agency (NWDA), finds that Manchester would be better at attracting and retaining innovative entrepreneurs if it improved its image in other parts of the UK, and was better able to connect its large base of talented residents with successful small and medium sized businesses.

To see the full press release, click here.
To download the full publication, click here (205kb).
To find out more about the publication, click here.

Future Jobs Fund Update – June 2010

25/06/2010

For the latest Future Jobs Fund Update please click here.

Emergency Budget Briefing Released

24/06/2010

Amidst a climate of serious concern about the macroeconomic risks associated with a loss of investor confidence in the UK, the Emergency Budget sets out a five year plan adding £40bn fiscal contraction to the £73bn already budgeted. What does this mean for Greater Manchester? This latest briefing from the Commission for the New Economy provides an overview of the Emergency Budget’s measures from a local perspective, including how they will impact Greater Manchester’s economy and what are the challenges and opportunities arising from this new fiscal environment.

To access the briefing, visit the Thinking New Economy page.

Worklessness Monitor released

09/06/2010

New Economy releases the latest Worklessness Monitor, which shows that total claimant numbers fell over the quarter to November 2009. All of the key benefits (IB/ESA, JSA and LPIS) experienced falls.

To access the latest Worklessness Monitor, click here.
Download the June 2010 Worklessness Monitor:

Worklessness Monitor – June 2010 (731kb)
Worklessness Monitor Tables – June 2010 (1292kb)

Two new job vacancies advertised

04/06/2010

Two new job opportunities are available within New Economy – Senior Manager of Evaluation Partnerships and Senior Manager for Cost Benefit Analysis.

To find out more about these opportunities with New Economy, click here.

Latest Unemployment Monitor released

25/05/2010

The latest Unemployment Monitor has been released today, showing a fall in claimant numbers across Greater Manchester, alongside a small fall in reported vacancies. However, long-term claimants continue to rise.

To download the latest Unemployment Monitor, click here (454kb)
To access the Unemployment Monitor online, click here.

New Economy Working Paper Released

24/05/2010

The latest Working Paper, released on 24th May 2010 at HSBC’s Spinningfield Office, examines how Manchester City Region can increase its trade links with China – the world’s fastest growing major economy.

To download the China Working Paper, click here (729kb)
To access the Working Papers, click here

Unemployment continues to fall into April

12/05/2010

Figures released today show that unemployment fell in Greater Manchester last month, the third successive month that jobs queues have shortened.

To read more click here

Expression of Interest for Employers

27/04/2010

We need new employers to be involved in the biggest Future Jobs Fund project in the country by helping us reach 8,000 new jobs.

To read more click here

Unemployment unexpectedly falls in Greater Manchester

23/04/2010

Official figures released on 21st April 2010 show that unemployment continued to fall in Greater Manchester last month. The number of jobseeker’s allowance claimants in Greater Manchester fell by 2,322 to 82,300 in March 2010. This is a fall of 2.7% on last month, but the figure remains 8.1% up on last year.

To read more click here

Thinking New Economy Briefing on Public Sector Employment Released

16/04/2010

Briefing explores the role of public sector employment in Greater Manchester’s economy and implications of fiscal contraction in the comings years. It finds Greater Manchester is better placed than any city region outside of London, to cope with this contraction due to its high percentage of jobs in the private sector – indicative of a strong business base. But also notes that job growth over the last 10 years has had a significant public sector component, suggesting that public sector fiscal contraction could still be an issue for the city region. This raises several important policy implications for Greater Manchester which are explored in more detail in the briefing.

To access the briefing, visit the Thinking New Economy page.

Procurement Process for Urban Development Funds Launched

14/04/2010

We are delighted to confirm that the procurement process for Urban Development Funds has now been launched by the European Investment Bank (EIB) on behalf of the North West Urban Investment Fund (NWUIF).

To access the Expression of Interest document, click here.

JESSICA is an acronym for Joint European Support for Sustainable Investment in City Areas and derives from the North West Operational Programme European Regional Development Fund.

To discuss JESSICA with New Economy, please contact Christine Westcott on 0161 237 4104 or click here to email Christine.

1000th Young Person Starts Work Thanks to Future Jobs Fund

26/03/2010

Figures released today by the Commission for the New Economy show that as part of the Future Jobs Fund initiative 1000 young people have now found employment and started working in new jobs created specifically to give young people an opportunity.

To read more click here

Budget 2010 Analysis released

25/03/2010

Today, New Economy releases its latest Thinkign: New Economy paper on the 2010 Budget. This Budget is crucial for the economy, and is intended to strike a balance between the need for deficit reduction and not compromising recovery from a recession that witnessed the UK economy contract by 6%.

To read more click here

Alternatively, download the report:
Thinking New Economy – Briefing 05: Budget 2010 Analysis (492kb)

Health Commission Backs ‘Fit for Work’ Scheme

22/03/2010

The Greater Manchester Health Commission has backed proposals which will keep people in work. Around one in ten Greater Manchester residents of working age are not able to work because of their health, costing around £1.4 billion in benefit payments and lost taxes annually. But employment is important for a healthy lifestyle.

To read more click here

Sharp Project refurbishment granted £6.3 million

18/03/2010

Investment of £6.3million in digital media hub, The Sharp Project, is being granted by the Northwest Regional Development Agency (NWDA) and the European Regional Development Fund (ERDF).

To read more click here

Unemployment unexpectedly falls in Greater Manchester

17/03/2010

Figures released today show that unemployment unexpectedly fell in Greater Manchester last month. The number of jobseeker’s allowance claimants in Greater Manchester fell by 398 to 84,622 in February 2010. This is a fall of 0.5% on last month, but the figure is still 16.3% up on last year.

To read more click here

Greater Manchester Shows Green Growth

12/03/2010

The value of Greater Manchester’s environmental, low carbon and renewable energy sectors grew by over 4% between 2007/8 and 2008/9 despite the difficult economic conditions in the UK, delegates to a conference on the region’s Low Carbon Economic Area for the Built Environment heard today.

These Low Carbon Economic Growth Sector industries make up around £4.2 billion of Greater Manchester’s market value, employing 34,120 people across 1,893 companies, according to a report by Innovas Solutions commissioned by Manchester’s Commission for the New Economy.

To read more click here

New Economy…New Website

09/03/2010

Manchester’s Commission for the New Economy re- launched its website www.neweconomymanchester.com today (9 March 2010).

The website has been designed to provide a one stop window on the Greater Manchester economic position, providing visitors to the site with economic information, and an understanding of the impact of national decisions on Greater Manchester.

To read more click here

RT Hon Ed Miliband MP Launches SMARTER Energy Project

01/03/2010

The Rt Hon Ed Miliband MP, Secretary of State for Energy and Climate Change visits Manchester to launch Manchester’s SMARTER project in the Northern Quarter. The Project will pave the way for businesses and residential properties to save money and reduce their carbon footprint and will establish the country’s first smart energy business district.

For more information, click here.

Two New Economy Working Papers To Be Launched Tomorrow

22/02/2010

Tomorrow sees the release of two new Working Papers covering skills and unemployment. The first paper tracks unemployment across the North West, and forecasts a return to growth for the region. The second paper focuses on how governments, businesses and individuals shape skills policy.

For more information, click here.

h1.Seasonal trends return to Greater Manchester as vacancies fall and unemployment rises

17/02/2010

Today saw the release of Jobcentre Plus’ jobseeker’s allowance claimant data. The total claimant count rose to 85,020 in Greater Manchester, while vacancies fell to 11,162.

For more information, click here.

h1.Unemployment Monitor Release

04/02/2010

New Economy today released its Unemployment Monitor, a monthly report on the state of unemployment in the city region. The report analyses jobseeker’s allowance statistics and vacancies data to provide you with an up-to-date view on unemployment across Greater Manchester.

Download the latest Unemployment Monitor:

Unemployment Monitor – January 2010 (464kb)
Unemployment Monitor – December 2009 data (2700kb)

New Manchester Innovation Group Announced

02/02/2010

Manchester: Knowledge Capital (M:KC) and the Commission for the New Economy have announced today that the M:KC Board and New Economy’s Innovation Sub Group are to merge.

Click here for more information.