The Council welcomes the achievements in the improvement in the local economy over the last five years, and the significant amount of investment secured from major development schemes. The Council also recognises the work of the Economic Growth, Environment and Infrastructure Directorate (EGEI) in supporting jobs and business growth, and this Conservative administration’s continued focus on ensuring that Trafford is recognised regionally, nationally and internationally as open for business, is a great location to invest in and is able to attract inward investment.  

The Council notes:                           

1.          From 2010-2015 the number of residents in employment increased by over 6%, compared to 3% in Greater Manchester.

2.          Number of jobs grew by 9% to 139,000, 5% points higher than Greater Manchester.

3.          Those with NVQ level 4 and above increased by 19%, compared to 14% in Greater Manchester between 2010-2015.

4.          Those on main out of work benefits fell by 29% from 2010-2015.

5.          GVA increased from £6.3 billion to £6.8 billion over the last five years.

6.          About £1 billion in inward investment in the borough from a range of development projects including Saica Paper Mill, Carrington Power Station, Hotel Football, Altrincham Hospital, Altrincham Interchange and White City Retail Park.

7.          In 2014/2015 EGEI handled over 240 business enquiries (referring 70% for additional support), awarded c£110,000 through the Town Centres Loan scheme to lever c£750,000 of business investment, and supported 100 residents into employment through the Trafford Pledge.

8.          The success of Altrincham Forward in rejuvenating the Town Centre.

Therefore, the Council recognises that Trafford’s economy is robust, has performed well over the last five years and plays a vital role in the economic growth of Greater Manchester.

(Note: Having a business interest in Trafford, Councillor N. Evans declared a personal interest in this item and remained in the meeting during consideration of the matter.)

It was moved and seconded that:

“The Council welcomes the achievements in the improvement in the local economy over the last five years, and the significant amount of investment secured from major development schemes. The Council also recognises the work of the Economic Growth, Environment and Infrastructure Directorate (EGEI) in supporting jobs and business growth, and this Conservative administration’s continued focus on ensuring that Trafford is recognised regionally, nationally and internationally as open for business, is a great location to invest in and is able to attract inward investment.  

The Council notes:                           

1.           From 2010-2015 the number of residents in employment increased by over 6%, compared to 3% in Greater Manchester.

2.           Number of jobs grew by 9% to 139,000, 5% points higher than Greater Manchester.

3.           Those with NVQ level 4 and above increased by 19%, compared to 14% in Greater Manchester between 2010-2015.

4.           Those on main out of work benefits fell by 29% from 2010-2015.

5.           GVA increased from £6.3 billion to £6.8 billion over the last five years.

6.           About £1 billion in inward investment in the borough from a range of development projects including Saica Paper Mill, Carrington Power Station, Hotel Football, Altrincham Hospital, Altrincham Interchange and White City Retail Park.

7.           In 2014/2015 EGEI handled over 240 business enquiries (referring 70% for additional support), awarded c£110,000 through the Town Centres Loan scheme to lever c£750,000 of business investment, and supported 100 residents into employment through the Trafford Pledge.

8.           The success of Altrincham Forward in rejuvenating the Town Centre.

Therefore, the Council recognises that Trafford’s economy is robust, has performed well over the last five years and plays a vital role in the economic growth of Greater Manchester.”

Following a debate on the matter, the Motion was agreed with the unanimous consent of the Council.

RESOLVED: That the Council welcomes the achievements in the improvement in the local economy over the last five years, and the significant amount of investment secured from major development schemes. The Council also recognises the work of the Economic Growth, Environment and Infrastructure Directorate (EGEI) in supporting jobs and business growth, and this Conservative administration’s continued focus on ensuring that Trafford is recognised regionally, nationally and internationally as open for business, is a great location to invest in and is able to attract inward investment.  

The Council notes:                           

1.           From 2010-2015 the number of residents in employment increased by over 6%, compared to 3% in Greater Manchester.

2.           Number of jobs grew by 9% to 139,000, 5% points higher than Greater Manchester.

3.           Those with NVQ level 4 and above increased by 19%, compared to 14% in Greater Manchester between 2010-2015.

4.           Those on main out of work benefits fell by 29% from 2010-2015.

5.           GVA increased from £6.3 billion to £6.8 billion over the last five years.

6.           About £1 billion in inward investment in the borough from a range of development projects including Saica Paper Mill, Carrington Power Station, Hotel Football, Altrincham Hospital, Altrincham Interchange and White City Retail Park.

7.           In 2014/2015 EGEI handled over 240 business enquiries (referring 70% for additional support), awarded c£110,000 through the Town Centres Loan scheme to lever c£750,000 of business investment, and supported 100 residents into employment through the Trafford Pledge.

8.           The success of Altrincham Forward in rejuvenating the Town Centre.

Therefore, the Council recognises that Trafford’s economy is robust, has performed well over the last five years and plays a vital role in the economic growth of Greater Manchester.