THE CARE SECTOR IN ITS ECONOMIC DEVELOPMENT CONTEXT

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THE CARE SECTOR IN ITS ECONOMIC DEVELOPMENT
CONTEXT

• Presentation to
• Surrey Care Development Alliance
• 4th October 2005
• by
• Nigel Horton-Baker
• Chief Executive
• Surrey Economic Partnership

A member of the Surrey Care Development Alliance
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THE CARE SECTOR IN ITS ECONOMIC DEVELOPMENT
CONTEXT

• Surrey Economy
• Care Sector in the Surrey Economy
• Survival of the Surrey Economy
• Care Sector Survival in a Surrey Economy
• Conclusions

A member of the Surrey Care Development Alliance
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the Surrey economy

• 21b economy among the best performing in UK
• 17 of SE GDP 14 working population
• Projected growth potential
• Strong knowledge (technology) based economy
• Strong entrepreneurial culture/ highly qualified
• Dynamics of two international airports
• Large consumptive (service) economy
• Labour/ skills shortages
• Polarisation, economic exclusion
• Problems of success

A member of the Surrey Care Development Alliance
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care sector in the Surrey economy

A member of the Surrey Care Development Alliance
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survival of the Surrey economy

• More from less
• Sustainable Enterprises - Sustainable
• Smart growth (enterprise, innovation and
• skills/labour)
• Productivity led growth (people and technology)
• Economic Inclusion untapped labour force
• Recognising external economic boundaries
• Other issues congestion and affordability of
  housing

A member of the Surrey Care Development Alliance
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care sector survival in the Surrey economy

• It must survive ! it is a people intensive
  business ?
• Innovation - new businesses and services,
• demand led
• Sustainable Enterprise - Care sector businesses
  expand
• new working practices
• technology in care
• sustainable business practices
• markets outside Surrey
• Skills and labour training and economic
  inclusion
• Other issues land and property, housing,
  congestion,

A member of the Surrey Care Development Alliance
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conclusions for the Care Sector

• Social Imperative is high but sector is driving
  down productivity of the Surrey economy
• Businesses must be more competitive
• entrepreneurship new services new needs
• enterprise sustainable - enterprise
• vocational training to raise productivity of
  workforce
• economic inclusion to address labour shortages
• Other issues join the collective surrey effort

A member of the Surrey Care Development Alliance