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Economic Briefing
     D AT E A p r i l 2 0 11
     ISSUE 1




                                                                                                             This Tees Valley Economic
                                                                                                             Briefing aims to provide a
                                                                                                             brief summary of activity in
                                                                                                             the Tees Valley economy
                                                                                                             for April 2011 including
                                                                                                             statistical trends and key
                                                                                                             announcements for the
                                                                                                             month.




Summary                         Indicator Overview                              Data                                                     Direction
The Tees Valley economy         Reported jobs gains and losses                                                                                  Previous
experienced a number of                                                                                                                         Quarter
                                Little overall trend in job gains and
positive developments in        losses is evident, although there have
March. These were both          been more job gains than losses over the
in terms of large-scale job     last quarter. Any trend in job gains and                                                                         2010/
                                losses is often hidden by large individual                                                                       2011
creation, with the
                                announcements, such as the SSI takeover
completion of the deal          of TCP in February creating 800 jobs. In
by SSI to take over the         addition, many of the job losses have come     Source: Tees Valley Unlimited
Tata steel manufacturing        from the public sector, where although the
plant in Redcar (creating       losses have been announced many will
                                actually take place over 4 years.
800, and safeguarding
700, jobs) and the location                                                                                                                     Previous
of the Hitachi Trains           Employment                                                                                                      Quarter
project at neighbouring         Slight increase in Tees Valley's
                                Employment Rate. The Tees Valley's
Newton Aycliffe, as well        employment rate fell steadily during the
as announcements from           recession, however this fall appears to                                                                          2009/
                                                                                                                                                 2010
government. The latter          have ceased. Employment rates in the
saw the Centre for              Tees Valley have broadly followed the
                                national trend, whilst the North East's
Process Innovation at
                                employment rate appears to be increasing
Wilton form part of the         at a slightly faster rate.
                                                                               Source: Office for National Statistics
new UK Technology
Innovation Centre and the
                                Unemployment                                                                                                    Previous
Tees Valley designated                                                                                                                          Quarter
                                Claimant Count has begun to rise again.
by the Chancellor as a          After falling from the peak at the beginning
location for the                of 2010, unemployment has started to rise
establishment of a new          again in recent months, reaching the levels                                                                      2010/
                                                                                                                                                 2011
Enterprise Zone to attract      seen at January 2010. Unemployment in
new jobs and businesses.        Tees Valley remains higher than the North
                                East as a whole and the gap between Tees
In addition, a positive start   Valley and the average for the whole of        Source: Office for National Statistics
to the year was had by          Great Britain is increasing.
Durham Tees Valley
Airport, with figures out       GVA Per Head                                                                                                     2000/
this month showing                                                                                                                               2008
                                GVA per head increasing but still well
passenger numbers up            below national average. The Tees
24% in February                 Valley's GVA per head relative to the UK
compared to a year earlier,     fell markedly up to 2002. Whilst there has
                                been some recovery, the Tees Valley is stil
and work began on the           below the North East as a whole and
£300m housing and               significantly below the UK level.
regeneration scheme                                                            Source: Office for National Statistics & Tees Valley Unlimited

NorthShore in Stockton.
                                For further statistical information about the Tees Valley economy visit www.teesvalleyunlimited.gov.uk

                                Reported job gains and losses are based upon announcements as reported in the press and are
                                therefore not designed to be fully comprehensive.
Economic Briefing              April 2011 - Issue 1



Summary cont....               Engineering & Manufacturing                         Air Products and SITA, as well as the
                                                                                   plans of PYReco and SembCorp. In
Over 550 jobs were             March’s considerable job creation was               addition, Biffa opened the UK’s first fully
reported as created in         largely built on companies in the                   integrated sorting and recycling facility for
March across a number of       engineering and manufacturing sectors               mixed plastic packaging at Redcar in
sectors, with the potential    expanding and securing new contracts.               March, creating 28 new jobs. Meanwhile,
for over 100 more in           Leaving aside SSI, the likes of Darlington          offshore wind suppliers continue to prosper,
ongoing renewable energy       engine assemblers Cummins, Stockton                 with growth at subsea support specialists
projects. Around 30 job        car-parts manufacturer Nifco and                    Tekmar Group, who have a site in
losses were announced          Hartlepool oil and gas platform                     Darlington, and continued success at the
from a handful of Tees         manufacturers Heerema created the                   likes of JDR Cables in Hartlepool and MPI
Valley firms this month, but   majority of jobs this month with 120, 120           Offshore in neighboring Stokesley.
possible losses could climb    and 190 respectively. In addition, Radiola          Darlington based consultants Eco
further with over 300          Aerospace was a successful inward                   Environments are also looking to increase
employees at                   investor, setting up in Stockton, and               staff.
Middlesbrough-based            companies across Tees Valley were invited
Redhall Engineering            to register their interest in supplying the
Group, Darlington's Four       Newton Aycliffe-based Hitachi Trains
                                                                                   Logistics
Seasons Healthcare and         project. 22 job losses were announced,              PD Ports’ £29m expansion of their
Teesside Power Station         however, at drinks manufacturer Tetley in           container terminal at Teesport, which aims
at Wilton respectively         Stockton and there is a threat to 200 jobs          to increase container capacity from
under threat of                at Redhall Engineering Group in                     235,000 TEU to 450,000 TEU which began
redundancy. Regionally,        Middlesbrough due to a contract dispute.            in February, continues apace.
according to Lloyds TSB’s      Nationally, the CBI reported increased
latest business index, the     orders and growth expectations from
North East economy grew        manufacturers, while EEF reported                   Professional Services
at its fastest pace in         stronger confidence among engineering               The professional services sector in the
February for almost a year,    firms in the North East driven by a rise in         sub-region was relatively quiet in March,
above the national             export orders.                                      although digital and creative companies
average, driven primarily                                                          continue to prosper. A total of 25 jobs were
by an increase in output
and orders in the              Oil & Gas                                           created at digital firms Via Creative in
                                                                                   Redcar. Thap and iBod in Middlesbrough,
manufacturing industry.        Alongside Heerema, who secured a                    tying into the expertise of Digital City in
                               contract with Centrica to fabricate an              Middlesbrough and the plans for The Hub
Misc                           offshore oil and gas platform, AMEC won a           in Redcar. In addition, Webworks in
                               £32m contract to supply the Teesside Gas            Darlington is creating a further 16 posts. A
A Barclays Wealth study        Processing Plant (TGPP) at Seal Sands,              couple of contact centre businesses this
this month reported that       which will process natural gas from RWE’s           month showed contrasting fortunes with
the number of millionaires     field in the North Sea. Meanwhile, due to a         new start-up Call Agents UK employing a
in the North East has          drop in demand, Teesside Power Station              further 30 people in Middlesbrough, while
increased by 17% over the      is being partially mothballed with 100 jobs         Darlington’s Infoserve are losing 10 staff
past 2 years, the fastest      at International Power looking uncertain.           as a result of declining profits. With the
growth outside of the                                                              likes of law firm Dickinson Dees reporting
South East, and is                                                                 increased volumes of work, such positive
predicted to be the fastest    Renewable Energy                                    findings contrast with national data
gainer between now and         Two potential waste-to-energy projects              suggesting a slowdown in growth in the
2020. The North East           announced their intention to set up in Tees         service sector.
does, however, remain          Valley this month, including Earthly
bottom of the English          Energy’s project to turn food and garden
regional league table for      waste into biogas, creating 84 permanent
millionaires.                  jobs. This builds on the positive momentum
                               built up sub-regionally over recent months
                               with the expansion of the likes of Ineos Bio,


                                 Cavendish House                       Tel: 01642 524400
                                 Teesdale Business Park                E-mail: info@teesvalleyunlimited.gov.uk
                                 Stockton-on-Tees                      Web: www.teesvalleyunlimited.gov.uk
                                 Tees Valley
                                 TS17 6QY

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Tees Valley Economy Briefing Colour Version

  • 1. Economic Briefing D AT E A p r i l 2 0 11 ISSUE 1 This Tees Valley Economic Briefing aims to provide a brief summary of activity in the Tees Valley economy for April 2011 including statistical trends and key announcements for the month. Summary Indicator Overview Data Direction The Tees Valley economy Reported jobs gains and losses Previous experienced a number of Quarter Little overall trend in job gains and positive developments in losses is evident, although there have March. These were both been more job gains than losses over the in terms of large-scale job last quarter. Any trend in job gains and 2010/ losses is often hidden by large individual 2011 creation, with the announcements, such as the SSI takeover completion of the deal of TCP in February creating 800 jobs. In by SSI to take over the addition, many of the job losses have come Source: Tees Valley Unlimited Tata steel manufacturing from the public sector, where although the plant in Redcar (creating losses have been announced many will actually take place over 4 years. 800, and safeguarding 700, jobs) and the location Previous of the Hitachi Trains Employment Quarter project at neighbouring Slight increase in Tees Valley's Employment Rate. The Tees Valley's Newton Aycliffe, as well employment rate fell steadily during the as announcements from recession, however this fall appears to 2009/ 2010 government. The latter have ceased. Employment rates in the saw the Centre for Tees Valley have broadly followed the national trend, whilst the North East's Process Innovation at employment rate appears to be increasing Wilton form part of the at a slightly faster rate. Source: Office for National Statistics new UK Technology Innovation Centre and the Unemployment Previous Tees Valley designated Quarter Claimant Count has begun to rise again. by the Chancellor as a After falling from the peak at the beginning location for the of 2010, unemployment has started to rise establishment of a new again in recent months, reaching the levels 2010/ 2011 Enterprise Zone to attract seen at January 2010. Unemployment in new jobs and businesses. Tees Valley remains higher than the North East as a whole and the gap between Tees In addition, a positive start Valley and the average for the whole of Source: Office for National Statistics to the year was had by Great Britain is increasing. Durham Tees Valley Airport, with figures out GVA Per Head 2000/ this month showing 2008 GVA per head increasing but still well passenger numbers up below national average. The Tees 24% in February Valley's GVA per head relative to the UK compared to a year earlier, fell markedly up to 2002. Whilst there has been some recovery, the Tees Valley is stil and work began on the below the North East as a whole and £300m housing and significantly below the UK level. regeneration scheme Source: Office for National Statistics & Tees Valley Unlimited NorthShore in Stockton. For further statistical information about the Tees Valley economy visit www.teesvalleyunlimited.gov.uk Reported job gains and losses are based upon announcements as reported in the press and are therefore not designed to be fully comprehensive.
  • 2. Economic Briefing April 2011 - Issue 1 Summary cont.... Engineering & Manufacturing Air Products and SITA, as well as the plans of PYReco and SembCorp. In Over 550 jobs were March’s considerable job creation was addition, Biffa opened the UK’s first fully reported as created in largely built on companies in the integrated sorting and recycling facility for March across a number of engineering and manufacturing sectors mixed plastic packaging at Redcar in sectors, with the potential expanding and securing new contracts. March, creating 28 new jobs. Meanwhile, for over 100 more in Leaving aside SSI, the likes of Darlington offshore wind suppliers continue to prosper, ongoing renewable energy engine assemblers Cummins, Stockton with growth at subsea support specialists projects. Around 30 job car-parts manufacturer Nifco and Tekmar Group, who have a site in losses were announced Hartlepool oil and gas platform Darlington, and continued success at the from a handful of Tees manufacturers Heerema created the likes of JDR Cables in Hartlepool and MPI Valley firms this month, but majority of jobs this month with 120, 120 Offshore in neighboring Stokesley. possible losses could climb and 190 respectively. In addition, Radiola Darlington based consultants Eco further with over 300 Aerospace was a successful inward Environments are also looking to increase employees at investor, setting up in Stockton, and staff. Middlesbrough-based companies across Tees Valley were invited Redhall Engineering to register their interest in supplying the Group, Darlington's Four Newton Aycliffe-based Hitachi Trains Logistics Seasons Healthcare and project. 22 job losses were announced, PD Ports’ £29m expansion of their Teesside Power Station however, at drinks manufacturer Tetley in container terminal at Teesport, which aims at Wilton respectively Stockton and there is a threat to 200 jobs to increase container capacity from under threat of at Redhall Engineering Group in 235,000 TEU to 450,000 TEU which began redundancy. Regionally, Middlesbrough due to a contract dispute. in February, continues apace. according to Lloyds TSB’s Nationally, the CBI reported increased latest business index, the orders and growth expectations from North East economy grew manufacturers, while EEF reported Professional Services at its fastest pace in stronger confidence among engineering The professional services sector in the February for almost a year, firms in the North East driven by a rise in sub-region was relatively quiet in March, above the national export orders. although digital and creative companies average, driven primarily continue to prosper. A total of 25 jobs were by an increase in output and orders in the Oil & Gas created at digital firms Via Creative in Redcar. Thap and iBod in Middlesbrough, manufacturing industry. Alongside Heerema, who secured a tying into the expertise of Digital City in contract with Centrica to fabricate an Middlesbrough and the plans for The Hub Misc offshore oil and gas platform, AMEC won a in Redcar. In addition, Webworks in £32m contract to supply the Teesside Gas Darlington is creating a further 16 posts. A A Barclays Wealth study Processing Plant (TGPP) at Seal Sands, couple of contact centre businesses this this month reported that which will process natural gas from RWE’s month showed contrasting fortunes with the number of millionaires field in the North Sea. Meanwhile, due to a new start-up Call Agents UK employing a in the North East has drop in demand, Teesside Power Station further 30 people in Middlesbrough, while increased by 17% over the is being partially mothballed with 100 jobs Darlington’s Infoserve are losing 10 staff past 2 years, the fastest at International Power looking uncertain. as a result of declining profits. With the growth outside of the likes of law firm Dickinson Dees reporting South East, and is increased volumes of work, such positive predicted to be the fastest Renewable Energy findings contrast with national data gainer between now and Two potential waste-to-energy projects suggesting a slowdown in growth in the 2020. The North East announced their intention to set up in Tees service sector. does, however, remain Valley this month, including Earthly bottom of the English Energy’s project to turn food and garden regional league table for waste into biogas, creating 84 permanent millionaires. jobs. This builds on the positive momentum built up sub-regionally over recent months with the expansion of the likes of Ineos Bio, Cavendish House Tel: 01642 524400 Teesdale Business Park E-mail: info@teesvalleyunlimited.gov.uk Stockton-on-Tees Web: www.teesvalleyunlimited.gov.uk Tees Valley TS17 6QY