Regional Profile Cordant People Be Integral
Overview of Investor Interest Major Sectors of Employment Sustainable Port of Workforce Skills Addressing Youth Unemployment Summary
Overview of History The name is made up of two parts: the common Celtic place-name element dun, meaning fort; and a second part that may derive from a Celtic element, cognate with the Gaelic dè, meaning fire. The economy of mediaeval centred on the export of raw wool, with the production of finished textiles being a reaction to recession in the 15th century. The rise of the textile industries brought with it an expansion of supporting industries, notably of the whaling, maritime and shipbuilding industries, and extensive development of the waterfront area started in 1815 to cope with increased demand for port capacity. At its height, 200 ships per year were built in, including Robert Falcon Scott s Antarctic research vessel, the RRS Discovery. This ship is now on display at Discovery Point in the city. Today is the fourth-largest city in Scotland by population. At the 2011 census, it had a population density of 3,298 people per square kilometre, the second highest of any Scottish city. is one of 32 council areas of Scotland, and is represented by the City Council a local council composed of 29 elected councillors. The demographic make-up of the population is much in line with the rest of Scotland. The age group from 30 to 44 forms the largest portion of the population (20%). The median age of males and females living in is 37 and 40 years respectively, compared to 37 and 39 years for those in the whole of Scotland. On 18 September 2014, was one of the few council areas to vote Yes in the Scottish Independence Referendum, with 57.3% voting Yes on a 78.8% turnout. The city now accounts for 10% of the United Kingdom s digital-entertainment industry. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Overview of Economy is a small yet dynamic city on the east coast of Scotland between Edinburgh and Aberdeen. The city is the main regional centre within the wider Tayside Region where it acts as the main employment, retail and service centre for a regional population of over 400,000. has a national reputation for hosting innovation competitions and is a recognised centre of excellence in computer games and many of these companies have pioneered smart-phone app developments. In 2014 was recognised by the United Nations as the UK s first UNESCO City of Design for its diverse contributions to fields including medical research, comics and video games. The economy has gone through many changes from a successful Victorian economy to manufacturing investment from the 1950s to 1980s, which has since gone into steady decline. The city has shown a continual aptitude for re-invention, now seeking to build future economic prosperity around new economy activities in life sciences; creative industries; financial and business services; energy; and tourism. Together with a concerted effort to deliver supporting physical regeneration, this has resulted in a very different profile for the city. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Overview of Summary of, key facts: s Waterfront Regeneration underpins the city s economic growth What can offer? is a leading centre for the offshore renewables industry in the UK Renewable energy is an important part of the future for and the broader local economy, encompassing wind, marine and hydro energy, as well as bio, solar and geothermal energy has the largest urban wind turbines in Europe operating at the Michelin Tyre is centrally located within Scotland and has the right infrastructure for offshore wind manufacturing; access to skilled workforce as well as significant sub sectors with a capability for growth. has a strong political commitment to the reduction of carbon emissions is a regional employment, education and retail centre; 300,592 people reside within a 30 minute drive time of City Centre and 628,468 reside within a 1 hour drive time s economy grows through a focus on key sectors, growth companies, business start ups and inward investment has effective pathways to employment which enable its people to progress into sustainable jobs is well placed to be at the forefront of renewable energy technology and plans to attract at least two renewable energy firms to the city by 2017. However renewables is only one element of the economic strategy as has other strengths, for instance it has been forecasted that the waterfront development could create up to 9,000 new jobs. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Overview of Connectivity sits on the north bank of the Firth of Tay on the eastern, North Sea Coast of Scotland. The city lies 36.1 miles (58 km) NE of Edinburgh and 360.6 miles (580 km) from London. Airport is conveniently located only 2 miles from the city centre and 3 miles from the Port of. Airport delivers a scheduled flight service to London City Airport seven days a week, operated by Cityjet. sits within the Scottish motorway network, which connects the city to Perth, Stirling, Fife, Aberdeen, Inverness Glasgow and Edinburgh. railway station is one of the busiest in Scotland with more than 1.4m passengers entering, exiting and interchanging annually. is taking an active role in encouraging residents and visitors to the city to reduce their car use and choose more sustainable and active ways of getting around including walking and cycling on the city s Green Circular Route. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Investor interest in is at an all time high Regeneration of Waterfront 1.1 billion plus 9,000 jobs Regeneration of Waterfront will enhance the city s landscape There has been great investment in with the 1.1 billion Waterfront regeneration, which is now well underway. This project will transform the area into the city s new bustling hub, featuring restaurants, bars, hotels and the V&A, the first ever design museum to be built outside of London. The new Waterfront is set to generate over 9000 new jobs for the city. Many of which will be within the Governments priority industries e.g. 1,300 jobs in digital media and creative industries, 4,800 in the financial sector and leisure, 300 in renewable technology industries and a further 1,110 in offices/retail. Central Waterfront - Work Underway The landmark redevelopment of s waterfront is set to attract an additional three million visitors to the city and boost business and tourism spending by an extra 1 billion between this year (2015) and 2025. Whilst the Central Waterfront is the focal point of the project, the entire Waterfront Project spans 240 hectares of land stretching 8km along the River Tay. Opportunities for developers, investors and a wide range of business ventures still exist in what is shaping up to be one of Western Europe s most extensive and transformative waterfront projects and one of Scotland s biggest waterfront regeneration. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Investor interest in is at an all time high The V&A Museum of Design The V&A Museum of Design, is due to be completed by 2017 - designed by the celebrated Japanese architects Kengo Kuma & Associates. V&A Museum Of Design will be an international centre for design for Scotland - the first ever design museum to be built in the UK outside London. The V&A Museum of Design will be housed in a world-class building at the heart of s waterfront. It will host major exhibitions, celebrate Scotland s design heritage, inspire and promote contemporary talent, and encourage design innovation for the future. The museum will be located at the heart of s wider 1 billion Waterfront regeneration project, where an estimated 9,000 FTE jobs will be created as a result of the development of the Central Waterfront area. Opportunities for Apprentices Building works for the museum will generate 519 net jobs per year in the construction sector, including opportunities for apprentices. Significant economic benefits include 51 FTE direct jobs and 361 FTE indirect jobs, with this rising to 628 FTE jobs in the initial years after the museum is opened. An estimated 11.6m economic boost a year would be made by the V&A Museum of Design, which is expected to generate in excess of 270,000 visitor engagements a year from year three onwards. Central Open Space At the heart of the Central Waterfront area will be a large avenue of open space extending from the existing Caird Hall Complex to the water s edge. The main parkland area is to be 10,738sqm in size and designed to be a multi-functional space with capacity to host large events. Works to deliver the green space were tendered in 2013 and contractors started on site in February 2014. It is expected that works will be complete in early 2016. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Major Sectors of Employment Life Sciences and Digital Media is changing rapidly and has at least two high-profile, focused industries: life sciences and digital media. Life Sciences is home to one of the most significant biomedical and life sciences community in the UK employing 4,100 people and boasting a larger medical research complex than the National Institute for Medical Research in London. The life sciences sector accounts for 16% of the local economy and is forecast to grow at 10% per annum over the next 3 years. turns scientific excellence into prosperous businesses, key facts: is recognised globally as a Life Science City, housing some of the world s most exciting scientists and innovative companies all within a 3-mile radius. is Scotland s leading centre for Drug Discovery. Home to the world leading Drug Discovery Unit - a purpose built centre aimed at turning basic science into lead compounds for entry into formal preclinical development. s academic leaders have an established reputation for international excellence in drug development. offers key skills and expertise covering all aspects of the drug discovery and development process. is firmly at the forefront of the UK s medical sciences sector as a leading centre for the development of medical technologies, with companies such as Vueklar, Vascular Flow Technologies, Interplex Medical and Axis-Shield operating in the area. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Major Sectors of Employment Life Sciences and Digital Media Agricultural biotechnology Clinical Research Agricultural biotechnology in encompasses a distinctive range of world-class research strengths in land, crop and water. Based in, and Aberdeen, The James Hutton Institute brings together a wide range of skills and expertise to form Europe s first research centre focused on tackling some of the world s most challenging problems including the impact of climate change and threats to food and water security. A combination of s strength in life sciences and location within Scotland s richest farming lands makes an ideal location to work and study in this field. has recently attracted new companies working in this area. leads the way in clinical and translational research in Scotland and boasts the state of the art Clinical Research Centre - a custom built clinical research facility. Clinical research strengths cover diabetes, cardiovascular disease, inflammation, cancer and neuroscience, as well as expertise in health informatics and analytics. Creative Industries Creative Industries continue to see rapid growth with the sector growing by 225% since 2000. Recent research identified that across the Tayside area there are around 350 companies operating in this sector, employing 3,300 people. Creative Industries is an internationally renowned centre for creative industries and particularly, digital media and computer games development. More than 350 businesses in the sector, employing more than 3,300 people, are currently based in and the surrounding area generating a combined annual turnover in excess of 185 million - the world famous Grand Theft Auto games franchise originated in. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Major Sectors of Employment Life Sciences and Digital Media Digital Media Recent News (January 2015) is also the hub of the Scottish digital media sector with an estimated 70% to 80% of employees being based in. is the location of one of Europe s most accomplished hubs for computer games and mobile digital content development. As export driven industries, games and application development along with other digital media combine to form a key sector for the city. This site is a hub for information, links for projects and information related to. The University of s Innovation Portal has played a key role in helping an emergent life sciences company relocate to from England. (Cellexus manufactures innovative bioreactor systems designed to simplify fermentation and cell culture bioprocesses in biopharmaceutical research, scale-up, production and contract manufacturing.) A forensic science student from Abertay University has won the prestigious FAPSA Education Development Competition and secured a 4,000 piece of equipment for the university. (The University of Abertay, combines engineering, computing, environmental and management expertise to offer a range of educational opportunities for the renewables industry.) The University of has been ranked 7th in the UK for its impact on global health in a new league table launched at the January 2015 meeting of the All-Party Parliamentary Group on Global Health. A new 8million imaging unit at the University of, opened 23rd January (2015). The Imaging Facility not only provides support for individual research projects from a broad range of disciplines but it also creates workflows between technologies and has an active role in facilitating and supporting projects across disciplines. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Major Sectors of Employment Life Sciences and Digital Media Renewable energy Renewable energy is seen as an important part of the future for and the broader local economy, encompassing wind, marine and hydro energy, as well as bio, solar and geothermal energy. There are a growing number of businesses in who are either currently involved or are seeking to engage in the renewable sector. s energy system is broadly similar to those of other UK and Scottish cities, with a mix of commercial providers supplying heat and power drawn from carbon fuel sources. However, the city is actively exploring the potential in renewable and low carbon energy solutions. Financial and Business Services has a strong offering for financial and business services. The city has been voted 3 times as one of the Top 7 most intelligent communities in the world by New York think tank, ICF. There are currently over 6000 people employed within the industry in companies such as Alliance Trust, BNP Paribas, Tesco, Pension Centre and HMRC. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Sustainable Renewable energy Renewable energy is an important part of the future for The production of renewable energy in Scotland is an issue that has come to the fore in technical, economic, and political terms during the opening years of the 21st century. The natural resource base for renewable energy is extraordinary by European, and even global standards, with the most important potential sources being wind, wave, and tide. At the end of the second quarter in 2014, there was 7,083 megawatts (MW) of installed renewable electricity capacity in Scotland, an increase of 10.5% (or 671 MW) from the end of the second quarter in 2013. Scotland is leading the way in the renewable sector in the UK, in 2012 almost 30% of electricity generated came from renewable sources compared to just 8% in England and Wales. Key Facts: Wind, wave and tide make up more than 80% of Scotland s renewable energy potential. Scotland has 85% of the UK s hydroelectric energy resource Wind power in Scotland is the country s fastest growing renewable energy technology Various systems are under development at present aimed at harnessing the enormous potential available for wave power off Scotland s coasts Unlike wind and wave, tidal power is an inherently predictable source - The Pentland Firth between Orkney and mainland Scotland has been described as the Saudi Arabia of tidal power Despite Scotland s relatively low level of sunshine hours, solar thermal panels can work effectively as they are capable of producing hot water even in cloudy weather. Sea Energy Renewables Ltd was purchased by Spanish company Repsol in June 2010. This move paved the way for the Inch Cape 180 wind turbine project offshore from, scheduled for a 2018 completion. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Sustainable Renewable energy In 2013, a YouGov energy survey concluded that: Scottish people are twice as likely to favour wind power over nuclear or shale gas. Over six in ten (62%) people in Scotland say they would support large scale wind projects in their local area, more than double the number who said they would be generally for shale gas (24%) and almost twice as much as nuclear (32%). Hydro power is the most popular energy source for large scale projects in Scotland, with an overwhelming majority (80%) being in favour. In August 2013 Scottish Hydro Electric Power Distribution connected a 2MW lithium-ion battery at Kirkwall Power Station. This was the UK s first large scale battery connected to a local electricity distribution network. In September of that year the Scottish Government granted permission for the commencement of the largest tidal energy project in Europe. MeyGen intends to install a 9MW demonstration turbine and then an 86MW array tidal array in the Pentland Firth, with expected completion in 2020. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Sustainable Renewable energy Offshore Renewable Energy Institute is being established in The centre, a joint project between and Aberdeen Universities, will focus on providing skills and education, research and knowledge exchange, providing expertise on Framing, Consenting, Deploying, and Operations & Management. University Centre for Renewables Energy is an innovative centre, bringing together a unique blend of expertise across various disciplines. A new renewable test centre at University of potential to create 40,000 jobs The new Marine Renewable Test Centre was created with the sole purpose of contributing to Scotland s dream of superior control of offshore wind and marine renewable energy by 2020. The new Marine Renewable Test Centre, at the University of is being supported by ERDF, to provide the basis of a successful partnership between, Aberdeen and Robert Gordon Universities. The purpose of the new 2 million test centre is to become a leading centre in the development, design and testing of marine renewable construction materials. This is a new sector and has the potential of creating up to 40,000 jobs or more and will boost the Scottish economy by billions. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Port of is the closest port to offshore development zones in the North Sea There are also 25 hectares of available quayside land at the Port for renewable energy manufacturing. The Port of is the most northerly port owned by Forth Ports and is one of the largest economic generators in the city of. It is home to Swedish giant Nynas, the world-leading manufacturer of specialty oils and bitumen products. The port has been identified as one of Scotland s top locations for renewable manufacturing by Scottish Enterprise under the National Renewables Infrastructure Plan and is within the Scottish Government s Low Carbon Renewables East Enterprise Area. Harbour is a hive of industrial activity The Port of has close proximity to offshore developments as well as providing: Dedicated operations & maintenance bases Unrestricted access to the North Sea, 24/7 Dedicated office & storage facilities Extensive quayside space and moorings, over 1300m Strategic Port Locations for Offshore Wind Include: Inch Cape Repsol & EDPR - 181 Turbines, Capacity: 905 MW Firth of Forth SSE Renewables & Fluor - 700 Turbines, Capacity: 3,500MW Neart na Gaoithe Mainstream - 64 Turbines, Capacity: 360MW Key Facts: Every time there is a rig in port for maintenance or fabrication work in, which happens often, there are about 400 jobs per shift on site. There are fabrication facilities in worth 3.5 million which are supporting jobs and apprenticeships, and there are major companies like Rigmar and PD&MS providing these jobs. Forth Ports have a 1 million decommissioning facility at where rigs are stripped down and their components recycled, and this is a major part of the oil and gas industry. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Workforce Skills A more skilled workforce generates a more motivated workforce, which means better productivity. The economy of depends on a skilled and versatile workforce, which can support indigenous and inward business growth. In order to support the local economy the city requires a variety of skills levels. The city is establishing itself as a centre for renewable research and development with focus on renewable technologies industries - a skilled and plentiful workforce is therefore essential. Skills Shortages Globally, 36% of employers report talent shortages; engineers, skilled trade workers and technicians are high on the list. Skills shortages within critical workforces can severely hinder a company s ability to execute strategy, accommodate clients and drive innovation. Scores of essential skills remain in short supply and new employees often take too long to reach competency. All businesses need to grow and develop in some way whether it is into new markets or through developing new products. Therefore, continual growth and development is essential for business survival. Employers in should recruit locally, appreciate community talent and nurture a skilful neighbouring workforce Just by tapping into the huge numbers of unemployed young people in, a company is not only providing jobs but will be allowing those young people to present fresh ideas, vision and inspiration which are the necessities of every organisation. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Workforce Skills Key Facts: At Cordant People we constantly research and study statistics and skill shortages and have learned that by the time today s primary school children are capable of work, the UK will then need over two million additional engineers and if these cannot be filled there will be devastating consequences for the UK economy, as engineering is central to future economic growth of any city and nation. has 2 universities -both universities have a strong emphasis on knowledge exchange and the University of Abertay has a world leading reputation for developing real world training models in games and digital media. has the 10th higher proportion of high level qualifications of all UK cities. has a higher proportion of university students one in seven of the population than any other town in Europe, except Heidelberg. The city s universities are believed to hold the highest percentage of Northern Irish students outside of Northern Ireland and have a big impact on the local economy and culture. has 36 primary schools and nine secondary schools distributed around the city. 10th highest in UK (highest in Scotland) for youth unemployment 8th lowest in UK for business starts NHS Tayside is the largest employer in the city, followed by City Council has an ageing population/workforce creating an increase in demand for essential services in health and social care. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Workforce Skills Why should develop skills for its local economy? Workforce planning is a continuous process of shaping the workforce to ensure that it is capable of delivering organisational objectives now and in the future; thus every town and city needs a strong and proficient workforce to enable it to prosper and to actively compete in today s increasingly competitive global market. Why is workforce planning important? Workforce planning enables a city to improve efficiency, effectiveness and productivity by having employees with the right knowledge and skills and who are a good fit for the job they are in, which in turn strengthens an organisation s capacity to achieve business targets. By boosting skills companies will see their level of productivity increase and business will play its part by improving competitiveness, in addition furthering opportunities for young people by way of apprenticeships and more training for older workers is crucial. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Addressing Youth Unemployment Advantages of recruiting young people Levels of youth unemployment in are unacceptably high and episodes of unemployment or non-participation in positive activities can have a lasting impact on young people blighting future career prospects. Young people often have an abundance of energy and a natural thirst for knowledge, which can rub off on colleagues and help invigorate the workplace. As a recruitment agency we witness how young people tend to push themselves, wanting to make a lasting impression and prove what they can do. Their sheer determination to complete their work can inspire colleagues around them. Therefore, if a company puts sufficient time and thought into recruiting young people, it can subsequently provide a very positive return on investment. There are clear business benefits to employing young people Fresh ideas It is also important to remember that any young person could be the next Bill Gates or Mark Zuckerberg. Furthermore, although they lack experience, new young people are generally easier to train, due to being driven and eager to excel. It is crucial for the wellbeing of young people that businesses take real ownership for skills development and good job creation it is by local employers accepting responsibility that the whole community of will achieve a positive impact and sustainable employment. Employee skills and the ability of employers to attract and retain skilled workers will be central to s economic success over the next decade. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Summary s Waterfront is the city s key regeneration project and is one of the 20 largest regeneration projects in the UK. The 1bn redevelopment is hoped to put on the map in cultural and business terms, leading the way for a wider economic and social regeneration unparalleled in the area since Victorian times. Waterfront is state-of-the-art infrastructure with state-of-the-art opportunity prides itself in having established strong links between core academic institutes, clinicians and medical health providers, making an excellent location for developing and fostering innovation. s strengths include: skilled and highly educated public sector workforce The Waterfront redevelopment will create state-of-the-art infrastructure, and with this comes state-of-the-art opportunity. This means the availability of a highly skilled workforce is extremely significant as a lack of skills could hold back the economy. strengths in key growth sectors such as digital media, life sciences and renewable energy vibrant higher education sector with strengths in research and well established industry links large student population affordable housing It is therefore imperative that representatives of companies, together with colleges and universities in, should strategically consider methods of attracting students into their industry by creating incentive and lucrative offers to influence an increased steady input of talented individuals to sustain, develop and secure the future economy of. Overview Investor Interest Employment Sectors Sustainable Port of Workforce Skills Youth Unemployment Summary
Summary Cordant s Objectives Cordant People understand that every organisation needs a constant supply of candidates with the necessary skills because this is the foundation of business success and appreciate that it is the educational policies, not economic conditions, which is the essential element of confronting our present global talent mismatch. Cordant People constantly endeavour to develop and nurture relationships which they have with all their candidates on their database, as well as continually seeking and engaging with new candidates to attract fresh talent. Cordant People recognise, completely, that the long-term economic health of towns and cities rests on investment in citizens skills and professional qualifications. The Waterfront project is split into five distinct development sites, each targeting a different area of the economy and property sectors: Central Waterfront (Residential, Office, and Leisure) City Quay (Residential, Retail, Marina) Seabraes (Digital Media and Creative Industries) The Port (Renewables Manufacturing and Processing) Also as a recruitment agency we acknowledge our responsibility that we must always be at the forefront of industry knowledge. The redevelopment of the Waterfront has brought with it an air of excitement and a sense of a bright future, both for the economy of and the sustainability of growth for future generations in Tayside and Scotland as a whole. Riverside (Green Space and Leisure) It is our objective to help and assist all companies in to recruit and employ successful candidates in order that they may fulfil business targets and compete in today s increasingly competitive global markets.
Cordant People Supporting local businesses with their employment needs. Be Integral