The Planes, Trains and Automobiles sectors contribute a combined economic output of £9.5bn for Derby’s economy according to the latest research on the sectors.
The research shows that nearly 50% of all output in the city comes from aerospace, rail and automotive and the three sectors employ 20% of all employees in Derby.
The report was commissioned by Derby City Council and completed by AECOM as part of the emerging Economic Growth Strategy for Derby. Findings and recommendations will be used to inform local, regional and national decision making to support the continued growth of these sectors.
Our pledge is that we will create 2,000 jobs and apprenticeships for Derby people by 2019. This involves working with the local business community to create the conditions for economic growth – through city centre development, Infinity Park Derby and international trade links. The report confirms that 25,500 people are directly employed in aerospace, rail and automotive functions and this number rises to 37,000 when indirect and induced impacts are taken into account.
Three of Derby’s biggest employers – Rolls-Royce, Bombardier and Toyota – all contributed to the report and supply chain companies have been consulted for their views. The Council can therefore be confident that future support will meet the needs of local businesses in these sectors. The findings of this report confirm that Derby is ‘a great place to work and learn’.
Cllr Martin Rawson, Deputy Leader of Derby City Council said: “This report offers a variety of practical recommendations for how we can support the supply chain to continue to achieve success and maintain Derby’s position as a leader in advanced manufacturing.”
Electronic copies of the report are available at a cost of £30 (excl VAT) by emailing email@example.com