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ENS Economic Futures Report 2008

ENS Economic Futures Report 2008

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Published by: Market Economics Ltd on Nov 13, 2008
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11/23/2010

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Promoting North ShoreEconomic Development
North Shore City
Nvmb 2008
full report
tabls, indcas & Appndcsincpang excuv Summa
ecnmc Fuus rp F
 
 
Foreword
This report is designed to assist businesses make important decisions that will impact not only their own organisations’development but also the growth o the local economy.By orecasting the uture demand and supply o skilled labour across multiple industry types, the report also representsa baseline or ongoing economic planning. This data, supported by assessments o labour productivity and residentialoccupancy, is intended to support the development o business cases or enterprises looking to grow, invest and locatein North Shore City.Enterprise North Shore and Market Economics Ltd would like to thank the businesses and organisations who havecontributed to this report by way o completing the Economic Futures Survey.
Terry Hoskins
Chie ExecutiveEnterprise North Shore
contents
PART ONE - EXECUTIVE SUMMARY1 2031 Future Scenario & Targeted Business Sectors......................................................3
 
1.1 Future Economic Make-up ........................................................................................
4
 
1.2 Targeted Sectors - Future Performance ....................................................................
5
1..1 Selected ratios..................................................................................................
72 Key Indicators ..................................................................................................................8
 
2.1 Employment...............................................................................................................
9
2.2 Economic Output ......................................................................................................
10
2.3 Targeted Business Sectors .......................................................................................
103 Conclusion ......................................................................................................................114 Next steps .......................................................................................................................11PART TWO - FULL REPORT..................................................................................................13 Table o Contents
Front cover:
Aerial shot o Lake Pupuke, Takapuna, and The Sugar Grab sculpture at Chelsea Sugar.
 
North Shore City is the ourth largestcity in New Zealand in terms opopulation, and constitutes one oseven local authority areas withinthe Auckland region. Being part oNew Zealand’s largest populationand business centre creates manyopportunities, issues and challengesor the City.This report seeks to develop anddescribe a ‘Future Scenario’ or theNorth Shore economy as generatedby using the Economic FuturesModel (EFM). The ‘Future Scenario’is a projection o the likely natureo the economy (in 01) based onhistoric sectoral trends, underlyingcharacteristics and industrydynamics. The modelling work wasaugmented with an internet-basedsurvey.Invitations to participate in the surveywere sent to businesses on theEnterprise North Shore (ENS) mailinglist and links to the website werepublished in the Enterprise magazine.The ‘Future Scenario’ highlights keyshits in the economy in terms oemployment, output and value addedwith a ocus on the targeted businesssectors. Similarly, uture employmentrequirements have been determinedby occupation and sector.This Executive Summary highlightsthe local economy’s ability to drivegrowth and deliver better standardso living to North Shore householdsthrough wealth creation andemployment opportunities. It ormspart o a package o inormationprepared or Enterprise North Shoreand North Shore City Council andreects:• A summary o the ‘FutureScenario’ based on a modelledeconomic uture, and• The key indicators o growth interms o demographics and high-level economic characteristics othe City.
Its aim is to set a baseline or theuture and endorse the ocus onthe targeted business sectorswhich are clustered around hightechnology, education, sports,health, and proessional businessservices as key drivers o growth.
 In order to quantiy a likely,optimal uture, Enterprise NorthShore will continue to work withbusinesses to defne the actualpotential inherent in North Shoreas a location or these key industrygroups, and to address issues orthreats to economic growth.
While the resulting data suggestsstrong growth, it is clear thatthe ideal uture economicenvironment will not occurwithout intervention.
EnterpriseNorth Shore, in conjunction withNorth Shore City Council, hasa vital role to play in acilitatinggrowth in the targeted sectors andthe economy overall, by ensuringinvestment conditions in NorthShore are appropriate and thatissues such as access to skilledlabour and other key actors oproduction are addressed.
eXecUtIVe sUMMArY 
1
 
2031 FUtUre scenArIo &tArGeted BUsIness sectors

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