Skills & Growth Company helps create almost 1,000 jobs in its first year
Cheshire East Council’s newest arms-length company has helped secure almost 1,000 new jobs and further economic growth for the borough in its first year of operation.
The company has supported 232 high-growth businesses, large employers and inward investment enquiries – which led to £15m of capital investment, £18m of revenue spend and an increase in business floor space of 561,000sq ft.
This helped create a total of 988 new jobs and in turn resulted in an increase in projected economic output (GVA) of £84m and new business rates income of £470,000.
Established in April 2016, the company brought all the council’s existing skills and growth services together under one integrated structure, covering a wide range of services and with 30 staff.
The company is helping ensure young people are work ready and that education meets employer needs, while providing the necessary skills supply for high-growth sectors, such as advanced manufacturing, life sciences and creative and digital.
To help promote economic growth, services are focused on maximising and attracting investment into the borough, as well as projects to support innovation and productivity, including improved broadband coverage via the Connecting Cheshire Partnership.
Councillor George Hayes, chairman of the Skills & Growth Company, said: “I am extremely proud of the outcomes the company has achieved during its first year of operation. Our performance has surpassed our expectations and met or exceeded our business plan targets.
“I feel both confident and positive that we can build upon these firm foundations to continue achieving the best possible outcomes for the council and the residents of Cheshire East.”
For more details of our work see The Skills & Growth Company Annual Review