And just one more from the Cabinet agenda papers for 6 January 2016:
“Local Economic Challenges are identified in the District Profile for East Devon (Grant Thornton, Feb 2015). They include:
The average gross weekly earnings in East Devon are low at £409 compared with £503 nationally
The knowledge economy in East Devon accounted for just 13.5% of total employment in 2013, compared with 18.13% for the SW and 21.75% nationally
The self employment rate in East Devon is high and stable by national standards but new business formation rate is very low, ranking in the bottom 20%.
A key role for the Economic Development team is to create the conditions for more businesses to develop across East Devon and to retain the workforce in the District (Draft Council Plan, 2015). The benefit will be more jobs, money in circulation and business rates income to the Council. The towns to the east of the District have seen less growth than the west end and this presents an opportunity to the Council to assist in delivering this growth.
A key driver behind our regeneration interventions is the improvement of the visitor economy in visibility and mix of facilities and infrastructure. East Devon has much to offer tourists with its world heritage status coastline, beaches, AONBs, attractive towns and villages and numerous attractions that bring people to the district. However, tourism numbers have been in decline in recent years as evidenced in the South West Regional Tourist Board data (2011). This indicated a fall in visitors to East Devon from 800,000 visitor trips per annum in 2005 to 472,000 visitor trips in 2011. The income from overnight stays also fell from 3.7m to 1.8m in the same period.