East Midlands

East Midlands unemployment rate hits another record low

The East Midlands’ unemployment rate continues to drop – once again hitting its lowest point on record, new figures show.

It was 3.4% for the period between October and December last year, compared to a 4.1% national average.

This is the lowest level since the Office for National Statistics (ONS) began publishing regional labour market figures in April 2015, and is higher than only four other regions – East of England, South West, Wales and Northern Ireland.

East Midlands Chamber chief executive Scott Knowles said: “After falling to 3.5% in the previous reporting period, it’s fantastic news for the region’s labour market that the unemployment rate has fallen to a new record low, which sends a clear signal that the East Midlands is open for business.

“It reflects our own research that indicates our region’s firms are creating jobs to meet strong demand following the effects of the pandemic. The Chamber’s latest Quarterly Economic Survey (QES) for Q4 2021, covering the same period as the ONS figures, showed two-thirds of companies attempted to recruit, while a net 35% expected to increase their headcount in the first three months of 2022.

“We are represented by a very diverse economy in the East Midlands but there have been some standout sectors to celebrate in recent times, such as a logistics industry that has been a major driver of job creation during the pandemic, which has accelerated pre-existing online shopping trends.”

However, the East Midlands economic inactivity rate – which measures the proportion of 16 to 64-year-olds who have exited the labour market for reasons such as retirement, caring duties or studying – was above the 21.2% national average at 21.9%. It recorded the largest increase compared with the previous year at 1.7 percentage points.

Another key finding in the ONS data was that UK wage growth continues to lag behind the rising cost of living – representing a 0.8% fall when taking inflation into account.

The ONS said early estimates suggest employers are beginning to push up wages further and faster – with median monthly wages in January increasing by 6.3% compared with the same month last year, and 10.3% higher than before the pandemic in February 2020.

Scott added: “Despite the positive trajectory in unemployment, businesses are still encountering major recruitment challenges in a super competitive jobs market, as evidenced by yet another record of 1.3 million job vacancies nationally between November and January.

“The significant rise in the proportion of people exiting the labour market in the East Midlands means there are fewer people to choose from – a worrying trend at a time when companies are desperately trying to fill roles to cope with demand, which will enable them to continue growing and creating more opportunities for local people.

“Many companies in traditional industries such as manufacturing and construction often tell us about the difficulties in replacing an ageing workforce with younger talent, and the latest QES showed that eight in 10 of those that attempted recruitment struggled to find people with the right skills.

“All this highlights the importance of investing heavily in skills, something that was highlighted in the Government’s Levelling Up White Paper as one of its 12 ‘missions’ but must now be prioritised with rapid action to ensure our post-Covid and post-Brexit economic recovery doesn’t stall.”

 

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East Midlands unemployment rate hits lowest point in seven years – but Chamber warns of recruitment challenges

The East Midlands’ unemployment rate has fallen to its lowest point on record, new figures show.

It was 3.5% for the period between September and November last year, compared to a 4.1% national average.

This is the lowest level since the Office for National Statistics (ONS) began publishing regional labour market figures in April 2015, and represented the smallest proportion of the workforce being unemployed since the three months to December 2019, when the rate was 3.6%.

It also marked a significant drop on the previous reporting period for August to October 2021, when the region’s unemployment rate was on par with the UK average at 4.2%.

East Midlands Chamber chief executive Scott Knowles said: “This is fantastic news for the region’s labour market and sends a clear signal that the East Midlands is open for business.

“It reflects our own research that indicates our region’s firms are creating jobs to meet strong demand following the effects of the pandemic. The Chamber’s latest Quarterly Economic Survey (QES) for Q4 2021 showed two-thirds of companies attempted to recruit, while a net 35% expect to increase their headcount in the first three months of 2022.

“We are represented by a very diverse economy in the East Midlands but there have been some standout sectors to celebrate in recent times, such as the logistics industry that has been a major driver of job creation during the pandemic, which has accelerated pre-existing online shopping trends.”

Tightening labour pool presents acute challenge for businesses

While the East Midlands has one of the lowest unemployment rates for over-16s in the UK, the economic inactivity rate for people aged 16 to 64 rose from 21.02% to 22% in the most recent reporting period.

UK job vacancies also soared to a record high of 1.24 million between October and December – 462,000 higher compared with the three months before the pandemic.

Scott added: “Despite the positive trajectory in unemployment, businesses are still encountering major recruitment challenges in a super competitive jobs market.

“The 0.8% increase in the economic inactivity rate represents a rise in the number of people who have opted out of employment, whether it’s for studying, caring or to take early retirement – with the latter being a noticeable trend during the pandemic.

“This means the labour pool is tightening at a time when companies are desperately trying to fill roles to cope with demand, which will enable them to continue growing and creating more jobs for local people.

“Many companies in traditional industries such as manufacturing and construction often tell us about the difficulties in replacing an ageing workforce with younger talent, and the latest QES showed that eight in 10 of those that attempted recruitment struggled to find people with the right skills.

“As we await publication of the Government’s delayed Levelling Up White Paper, the wider context behind the latest ONS data illustrates the need for policymakers to understand how we can pull the right levers in order to support the local economy’s requirements.”

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Energy Summit finds huge opportunity for East Midlands to develop new supply chains in low-carbon economy

The Midlands should seek to become a hotbed for emerging supply chains in the low-carbon economy, while end users must be front and centre of our new energy systems.

These were two of the key findings at the Midlands Energy Summit, held by East Midlands Chamber in partnership with the University of Nottingham earlier this week.

Reflecting on the outcomes of COP26 and wider trends in the energy industry, including continuing price increases, it featured keynote speeches and discussions involving companies such as Siemens Energy, Cavendish Nuclear and Consultus International Group.

Chris Hobson, director of policy and external affairs at East Midlands Chamber, said: “What is becoming increasingly apparent is the huge scale of the challenge we face globally, and how a shift in mindset is required now to address this because we need to travel further, faster.

“Rather than this being a daunting prospect though, there are equally significant opportunities at a localised level, particularly in supply chains. The East Midlands, with our energy-intensive manufacturing heritage and world-leading universities, is already at the cutting edge of many future technologies that will guide the energy transition. We now want SMEs to understand that they have a key role to play in the emerging supply chains being built in our region.

“Beyond supply chains, new industries will grow in the space between existing ones. We need to be ready to take advantage of this, while also recognising that taking a user-centric approach is key to bringing people along with us on this journey – viewing our energy consumers as part of the solution, rather than a barrier to change.”

The Midlands Energy Summit, held online on Tuesday (30 November), featured a keynote speech from University of Nottingham vice-chancellor Professor Shearer West. She explained how its Energy Institute is addressing three key societal challenges – energy generation and management, transport and mobility, and communities and the built environment – via a series of sustainable energy research projects.

She said: “Energy is absolutely vital for our survival but our existing energy systems present an existential threat.

“In COP26, we saw a lot about the interconnections between energy and climate change. The transition to net zero relies on a deep thinking for our energy system – not just the technologies we use but our expectations and behaviours.”

There were also presentations about the Midlands Engine’s Ten Point Plan for Green Growth in the Midlands Engine and its work in developing hydrogen technologies, as well as a talk by Cavendish Nuclear’s Michael Dunnett on the growing importance of small modular reactors in making nuclear energy supplies more flexible for industry.

Steve Atkins, head of global trades at Leicester-based energy consultancy Consultus International Group, explained about how a cold winter could cause another spike in gas prices due to relatively low resources, while more investment in zero-carbon energy infrastructure was key to unlocking subsidy-free renewables in the future.

Stephen Scrimshaw, vice-president of Siemens Energy UK & Ireland, focused on how Britain should adopt a “twin track approach” to developing blue and green hydrogen – and, just as importantly, the infrastructure behind it – as part of its net zero strategy.

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Exciting arts project re-creates the first live-linked satellite broadcast to celebrate our region

Junction Arts, in association with six arts organisations from across three counties, is set to be take part in ‘Our Place’ which showcases the people and places of the East Midlands, through the arts.

Led by the Chesterfield-based community arts charity, Our Place travels the East Midlands to celebrate diversity, community, culture and place. Through seven creative residencies, Our Place brings together the hills of the High Peak to the streets of inner-city Leicester, where Ukrainian dance from Derby will share the stage with embellished aprons made in rural Lincolnshire.

Junction Arts will be working with several project partners: City Arts (Nottingham), High Peak Community Arts (High Peak), People Express (Swadlincote), Soft Touch (Leicester), Surtal Arts (Derby) and The Hub (Sleaford).

The project has seen over 50 participants working with 27 artists throughout the summer in a series of diverse residencies involving textiles, VR, filmmaking, dance, creative writing and music video production.

The new work created through each residency has been brought together into a feature length film broadcast by Director Chris Bevan, co-curated by Junction Arts with partners and artists to showcase and connect communities across our diverse East Midlands region.

Managing Director of Junction Arts, Paul Steele says: “The project is about connecting people and places. After a hard year of dealing with lock downs and restricted activities, what better way to bring back local communities, by celebrating the people in them and sharing the unique cultures and talents with others.

“We know what it feels like to be ‘in this together’ and we’ve taken that feeling of connectedness and built it into a project where people from across three counties are uniting to share what it means to live in a place in this moment and time.”

Junction Arts were inspired by the first global TV satellite broadcast conceived in 1967, entitled ‘Our World’ which ended with the Beatles performing ‘All You Need is Love’ for the first time, during the height of the Vietnam War.

For their creative residency, Junction Arts commissioned Movement and Theatre Director Chris Yarnell and writer Simon Marshall to work with young people from Derbyshire LGBT+ Youth group to explore what it means to be young, LBGT and growing up in Chesterfield. Filmed within the property of where the group meet, ‘place’ is explored through creative writing, performance and spoken word demonstrating the exciting spirit and anarchic energy of young people challenging norms and finding their place in the world.

The celebratory web broadcast will launch on the Our Place website at 6:30pm on the 9th September 2021: https://junctionarts.org/our-place-broadcast/

Junction Arts supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

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East Midlands Chamber launches Enterprising Women Awards 2021

Female entrepreneurs, directors, employees and apprentices in the East Midlands will once again have a platform to showcase their success stories as the Enterprising Women Awards returns for 2021.

Applications are now open for the awards, which provides recognition to outstanding women in business across the region across various stages of the career ladder.
The annual showpiece event is organised by East Midlands Chamber and led by Eileen Richards MBE and Jean Mountain, who co-founded the Enterprising Women social network in 1997.

The 2021 awards features the same eight categories as this year’s event – which was held in early March as one of the last awards ceremonies before lockdown – including an honour for Outstanding Contribution to Work in STEM, which was introduced for the first time in the 2020 event.

Eileen, who owns the Leicester-based agency Eileen Richards Recruitment and is the Chamber’s vice-president, said: “These awards are really special every single year, but 2020 has brought to light so much resilience and innovation.

“We’ve all had breaking points and as women, we’re not always good at admitting that, but we’ve kept going during some tough periods.

“So having the chance to showcase the achievements of women in our region from these times is going to be an incredible moment and I can’t wait to see the entries.
“We are incredibly grateful to our sponsors once again, many of which have returned to support what they believe to be a hugely important event for the East Midlands.”

Jean, a past president of the Chamber, added: “I am so delighted to see the Enterprising Women network, which will celebrate its 25th anniversary in 2022, go from strength to strength, and the awards are always a special event.”

The categories, and their sponsors, are:
• Social Commitment Award (sponsored by PPL PRS)
• Apprentice of the Year
• Employee of the Year (sponsored by Smallman & Son)
• Female Entrepreneur of the Year Award
• Team of the Year Award
• Small Business of the Year (sponsored by Unique Window Systems)
• Outstanding Contribution to Work in STEM (sponsored by Pick Everard)
• Business Woman of the Year (headline sponsored by Futures Housing Group)

This year’s event was launched during a virtual Zoom event held yesterday (15 October).

It featured a talk by Neeyantee Karia, the co-owner of Leicester-based “street food on-the-go” brand Jake & Nayns’ and the 2020 Business Woman of the Year, who reflected on the challenges she had encountered during a 20-year career in business.
The deadline for entries is Monday 21 December at 5pm.

Finalists will be announced on the week commencing 25 January and they will find out if they have won their category at a gala dinner planned for 12 March, subject to the Covid-19 situation.

To enter the Enterprising Women Awards, visit bit.ly/2NZoR3W.

Some categories are still available to businesses that want to get involved with the event. Anyone interested in sponsoring a category can contact Sanjib Sahota on 07776 596889 or email Sanjib.Sahota@emc-dnl.co.uk.

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D2N2 Local Enterprise Partnership opens application process for new board members

The D2N2 Local Enterprise Partnership has begun recruitment for two new private-sector board members who can help the organisation continue the economic growth of the region.

Local Enterprise Partnerships (LEPs) play a central role in deciding local economic priorities, driving drive economic growth and creating jobs and D2N2’s central goal is to improve the productivity of the economy of Derby, Derbyshire, Nottingham, and Nottinghamshire through inclusive growth.

To aid the organisation in this remit, D2N2 has begun looking for new board members who can help to shape the economic strategy across the region.

D2N2 Board members represent the LEP’s interests to partners and stakeholders in the private and public sectors and work collaboratively with them to deliver a shared agenda for our economy.

The ideal candidate will be an experienced senior leader or business owner with an outstanding ability to communicate, lead, and influence.
Elizabeth Fagan, Chair of the D2N2 board, said: “We’re keen to hear from business leaders with energy, creativity, and passion to help us shape and deliver our ambitions for the region.

“This is an important time for our region as we drive forward our strategy to rebuild and grow our economy delivering a more prosperous and lower carbon region, creating better skilled and higher value jobs for our future generations.

“We are committed to supporting and promoting equality, diversity and inclusion and having a board that truly reflects the communities we serve. We would encourage applicants from all background and experiences to ensure we can deliver on our aim of being a truly diverse board.”

Applications are welcome from across the D2N2 area and from all sectors of the economy to reflect our diverse business community.
The deadline for applications is Monday 9 November 2020.

For more information on the role and application process, please visit the vacancies section on the D2N2 website.

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