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BasildonEconomicFrameworksummary2008-2011
Introduction
Basildonhasastrongandsuccessfulbusinesseconomyandisaprovenandattractivebusinesslocation.TheCounciland
itspartnersrecognisedthestrengthofBasildonasthebusinesshubofThamesGatewaySouthEssexintheDistrict’s
RegenerationFrameworkandstatedthatmaintaininghighandstablelevelsofgrowthandemploymentiscrucialtothe
successofitsregenerationactivities.
ThevisionofBasildonCouncilandtheBasildonRenaissancePartnershipistocreatethebestemploymentareaswithinthe
Districtincludinghighqualityenvironments,accesstoaskilledworkforceandfirstclassbusinesssupportservicesthrough
aregionallyrecognisedbusinesshubforBasildon.
Challenges
InspiteofBasildon’ssuccessasabusinesslocationwithstrategicallyimportantglobalcompaniessuchasFordMotor
Company,NewHollandAgricultureandInternationalFinancialDataServices,manyoftheDistrict’sresidentsareunableto
accessthesehighvalueemploymentopportunitiesduetolowskillsandlowaspiration.
Theexistenceoftheselargecompaniescouldalsobeamajorissuefortheareaifthesecompaniesweretorelocate,
adecisionoftentakenoutsideoftheUK.
EconomicFramework
TheEconomicFrameworksetsoutthefoundationsforfuturegrowthandwillhelptobuildresilienceinthelocaleconomy.
Theemphasisinthecurrentclimateareinterventionsaroundtheretentionoflocalbusinessesandcurrentemployment
levels;withanambitiontoensurethatyounglocalpeoplehaveappropriateskillstotakeadvantageoffutureopportunities.
BasildonDistrictneedstorespondtocurrentchallengesandpreparetomaximisefutureopportunitieswhenthereisan
economicupturnthroughimplementingarobustseriesofinterventionsdeliveredinpartnershipwiththeprivatesector.
Basildon’sRegenerationFramework(2007-2021)presentsawealthofopportunitiesforlocalpeopleandcompanies
includingbetterpaidjobs,improvedskillsprovisionandaccessforlocalcompaniestolocalcontracts.
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