Economic Development
About Economic Development
Economic development is the process by which the economic well-being and quality of life of a nation, region or local community are improved. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for centuries.
Rishi Sunak meets world leaders and tech firms at AI summit
... " We think about the countries that are facing opportunity in terms of their own Economic Development, as well as countries that bring to the table, serious technological know how, and it s hard to imagine how some of those conversations can happen without the full representation of countries around the world...
State-owned British Business Bank makes £147m annual loss
... The Economic Development lender says wider economic problems led to a drop in the valuation of businesses it has invested in...
'You're kind of raised to hate tourists': Maui fires bring island tensions to a head
... The Maui Economic Development Board has accounts for roughly four out of every five dollars generated here, calling those visitors the " economic engine" of the county...
Israelis seek opportunities abroad amid unrest at home
... " When the truly talented people who carry on their shoulders the innovation and the Economic Development that this country is so dependent on, when they decide they ve had enough and they don t want to live in a country that no longer represents them, then we could see a collapse, an economic collapse, " he says...
Hawaii fires: Jason Momoa warns tourists not to visit Maui
... The Maui Economic Development Board meanwhile says the significance of tourism is even greater, estimating that it directly or indirectly accounts for around 80% of all income generated on the island...
Moscow drone attacks: Residents shrug off skyscraper strikes
... Reports said that the section that was hit houses the ministry of Economic Development and that its employees have now been told to work from home...
Clacton: The place where one in five has never had a job
... Ivan Henderson, Tendring Council s cabinet member responsible for Economic Development, says: " There are a lot of jobs that are going to be coming on board for young people to actually take advantage of...
Rwanda asylum a risk to UK foreign policy, says ex-minister
... A government spokesperson told the BBC: " Our ground-breaking Migration and Economic Development Partnership will see those who make dangerous and illegal journeys to the UK relocated to Rwanda, where they will be supported to build new lives...
Clacton: The place where one in five has never had a job
By Laurence Cawley & Charlotte RoseBBC News, Essex
" I never used to go out, I never used to make friends, " says Penny Phillips, a 52-year-old mother-of-two who was out of Work for three decades.
She lives in The Clacton area of Essex, which has The highest proportion of people classed as " economically inactive" in The UK.
While being unemployed means people are looking for Work , " economically inactive" refers to those who are neither employed nor seeking Work - whether through long-term illness, retirement or for other reasons.
Nationally,
Research for The shows half all people over 16 in The Town are economically inactive And One in five have never had a job of any kind.
The - More Than twice The 21. 7% UK average.
Growing Up , Ms Phillips says her parents believed she had " problems" but hearing and other tests revealed nothing.
She has recently been diagnosed as having autism and, after taking a short course in retail, has started her first job.
It is seasonal Work and involves cleaning caravans in The nearby village of Weeley. When she is not doing that, she volunteers at The Sense charity shop on Clacton High Street.
Describing The Moment she got her first wage packet, Ms Phillips' face lights up.
" I felt like I wanted to Run Away with it, just to enjoy all The Money , " she says.
" I wanted to Get Out and do a job. Since I have come to The Caravans , I've [found] My Own voice and I don't feel nervous any More . "
People like Penny are " untapped resource" according Mike Keen , operations manager for Essex for The Department for Work and Pensions (DWP).
He says a significant number of economically inactive people are claiming benefits but " are not actually looking for Work or feel like they are capable of Work ".
But why is there such a high proportion of economically inactive people in Clacton particularly?
" I think most seaside towns are The same, " he says.
Seasonal Work patterns, a shortage of big employers and being at The far end of The Transport network all play a part, Mr Keen says.
Giving people The Right tools to get back into The workplace, he adds, is vital.
" We Are working with employers and people with both physical and mental disabilities. We Are not saying they will be ready for Work instantly - it may be we move them closer to Work through training courses And Then supporting them when they are in Work .
" We will support them all The Way through and make sure they've got everything they need. "
One effort to try and encourage people back into Work is a monthly community bus, organised by Kerrey Goosetree from The North East Essex Clinical Commissioning Group, which visits locations in Clacton and The surrounding areas.
Representatives from volunteering organisations, education institutions, health services, The DWP and others set out their stalls waiting to share their expertise and advice to interested passers-by.
She says many people they meet have misconceptions.
" For example, people might Come Along and say they would like to start working again but are not sure how they will survive if their benefits are stopped straight away. Having The DWP here means that misconception can be dealt with right away.
" Some People might not have The Right qualifications they need. We've got training providers here.
" I think sometimes people also assume that there are not many opportunities here in Tendring. There really are. "
Being in Work also improves people's long-term health, she says.
" People who are in Work are able to afford better food, better housing and so on, and that has an effect on their health outcomes. "
Many of The People The bus sees, she says, are lacking In Confidence .
For some, The Best first step can be to carry out volunteering Work as a precursor to paid employment.
Lisa Andrews, deputy chief officer at Community Voluntary Services Tendring, says volunteering offers huge benefits to those wanting to return to Work , but might Not Yet be ready.
" It supports them in so many ways, " she says. " First, just going through The Process of filling in a form and having a chat with somebody, then there's opportunity to put something exciting on their CV and thirdly you can put a reference down, an employer, who can say you turned up On Time Every Day , you were reliable and trustworthy - it does so much for people.
" Finally, there's what volunteering does for people's Confidence - it is phenomenal. "
Those involved in developing Tendring's economy have High Hopes that The offshore energy industry will bring thousands of new jobs to The area.
Ivan Henderson, Tendring Council's cabinet member responsible for Economic Development , says: " There are a lot of jobs that are going to be coming on board for Young People to actually take advantage of.
" We need to make sure we Work with our education partners to make sure people are geared up and have The skills and qualifications to meet those challenges.
" Levelling-up is just a word - what we need to do is make it a reality. "
Related TopicsSource of news: bbc.com
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