Nottingham Enterprise Zone. From Design to Delivery From Nottingham to the World. Future Businesses Thrive Here

Transcription

1 Nottingham Enterprise Zone From Design to Delivery From Nottingham to the World Future Businesses Thrive Here

2 The Offer

3 A 3.7 hectare site located adjacent to Queens Medical Centre, providing specialist business accommodation with a focus on life sciences. Medipark offers office, exhibition, training and lab space with occupiers benefitting from on-site access to business, IT, legal and regulatory expertise. Up to 400,000 sq ft of high tech business space is available in total. The first phase includes a 30,000 sq ft building. Part of the Enterprise Zone, financial incentives include up to 275,000 business rates relief for inward moving businesses. Information on a range of grant funding and venture capital opportunities are available through Invest in Nottingham. A new NET tram line will stop at Medipark by the end of 2014, allowing businesses to be close to the NHS staff at QMC and Nottingham city centre and the national railway network from the one location. 3

4 The Central City Average Travel Times: Road Rail Birmingham 1 hr 10 1 hr 20 Bristol 2 hrs 30 3 hrs Cambridge 1 hr 55 2 hrs 35 Leeds 1 hr 30 1 hr 50 Central London 2 hrs 35 1 hr 50 Manchester 1 hr 55 1 hr 55 Milton Keynes 1 hr 30 2 hrs 5 Newcastle upon Tyne 2 hrs 55 3 hrs Sheffield 1 hr 50 mins East Midlands Airport 30 mins - All times from Nottingham city centre The Skylink bus service connects East Midlands Airport to Broadmarsh every 30 minutes, 7 days a week with a duration of 55 minutes. Broadmarsh bus station is a 5 minute walk to Nottingham s rail station. The airport is also served by the nearby East Midlands Parkway rail station and shuttle bus service. East Midlands Parkway is a 10 minute train journey from Nottingham s station. 4

5 The Connected City Regular trains connect Nottingham city centre with Beeston Business Park with a journey time of only 5 minutes. By road this journey takes only 10 minutes. Nottingham s NET trams allow travel to and from Hucknall in the north of the city. Two new tram routes are under construction which will expand the network very significantly by the end of These will substantially reduce commute times from the south. The Clifton route will add 12 new stations on the network. The Chilwell and Beeston route will connect the railway station to a new park and ride site serving the A52 near junction 25 of the M1 and provide a further 15 new stations on the network including the University of Nottingham, Nottingham Science Park and Medipark. 5

6 The Opportunity

7 Whether you re working on a life-changing medical research project or a game-changing manufacturing innovation; from next-generation digital solutions to the next big thing in fashion or beauty It s the place to 7

8 Spark Spark All great ideas start with a spark. That flash of innovation and inspiration. The kind of spark that Norman Rutherford and Michael Turner had in 1957, when they invented the video recorder in Nottingham. Package Make Manufacturing excellence is all about sustaining quality. Nottingham has been built on this ethos for centuries. The city is now laying the foundations for the next generation of advanced manufacturing, with the most supportive environment imaginable. Package Make Your final package can be brought together efficiently and effectively by the area s cluster of packaging and labelling companies and our worldclass logistics capabilities, through companies like DHL with their hub at East Midlands Airport that handles 45,000 shipments an hour. Test Design The best designed products not only function well, they look and feel great too. Nottingham has always been a hotbed of creativity, from the centre of the global lace industry to the iconic designs of Sir Paul Smith; from the Raleigh Chopper to Speedo swimwear. Test Design Rigorous research and market testing will validate your big idea. Nottingham is a great test-bed for new products, being the home of Boots, many of the world s most important pharmaceutical advances were researched and tested here, like Ibuprofen in the 1960s. Deliver However your customers receive your products and services, you ll be better served from Nottingham. From great road and air freight options, to high speed broadband and high speed trains, Nottingham is investing in the future to help your business deliver. Deliver 8

9 When it comes to choosing world-class business locations, you need to find a place that answers the big 3 key location factors: Access to Talent; Access to Suppliers; and Access to Customers. On every one, Nottingham delivers. Access to Talent Access to Talent With 1.4 million people living in the recruitment catchment serving Nottingham, a young workforce and growth rates above the national average, there s no shortage of talented people to employ. There are more than 64,000 students here, making Nottingham a city that s bursting full of young, dynamic talent. University of Nottingham is ranked 6 th in England for research power and has several world-class faculties including the UK s top ranked pharmacy school. Queen's Medical Centre is one of Europe's largest teaching hospitals employing more than 6,000 people. Major companies engaged in research projects with University of Nottingham include BAE Systems; Novartis; Rolls-Royce; and Unilever. University of Nottingham has been involved in over 40 spin-out and related companies and has a current portfolio of 30 spin-outs. 16 of these have products in the marketplace. Nottingham Trent University is one of the largest and most popular in the UK, with more than 350 million invested recently. University of Loughborough, just 20 miles away, has more than 40 research institutes and its Design School and School of Sport, Exercise and Health Sciences are ranked number one in the country. A further 15 universities can be found less than an hour from Nottingham, including those in Birmingham, Sheffield, Warwick and Leicester. 9

10 When it comes to choosing world-class business locations, you need to find a place that answers the big 3 key location factors: Access to Talent; Access to Suppliers; and Access to Customers. On every one, Nottingham delivers. Access to Suppliers Access to Suppliers Nottingham Enterprise Zone puts you at the heart of regional and national supply-chains across the UK s most important industries. For life sciences and healthcare, Medilink East Midlands is the Nottingham-based association with a network of more than 3,400 contacts in over 600 organisations, from multinationals to start-ups, as well as the NHS and universities. Home to major manufacturers like Boots and Reckitt Benckiser and with Rolls-Royce, Bombardier and Toyota a few miles away, Nottingham offers access to the UK s biggest opportunities in advanced manufacturing. Changan Automotive, one of China s leading firms, chose to locate its UK R&D centre in Nottingham Enterprise Zone. Low carbon opportunities abound, with major energy and environmental investors like Siemens and EON active in Nottingham and working on renewable projects in partnership with the city council and local universities. Nottingham s financial and business service sector employs over 75,000 people and contributes over 4 billion to the local economy. Companies based here include Capital One, Experian, Fortis Bank and Barclays. Creative and digital companies have always gravitated to Nottingham and the sector employs more than 11,000 people in the city that is home to names such as Sir Paul Smith and Games Workshop. 10

11 When it comes to choosing world-class business locations, you need to find a place that answers the big 3 key location factors: Access to Talent; Access to Suppliers; and Access to Customers. On every one, Nottingham delivers. Access to Customers 2.6 million people live within an hour of Nottingham, making it an attractive proposition in terms of demographic reach. Being in the Midlands, most of the country is accessible within 2 hours thanks to excellent motorway and rail connections. From Nottingham, the cities of Birmingham, Sheffield and Leicester can be reached within an hour; with London, Manchester and Leeds under two hours. A regular, direct train service to London St Pancras takes 1 hour 45 minutes and connects to the Eurostar terminal for ease of access to Paris, Brussels and other European business centres. In the future, High Speed trains will bring an additional 2.2 billion to the Nottingham/Derby economy with London journeys cut to 50 minutes and Birmingham under 20 minutes. For European business, East Midlands Airport serves more than 90 destinations, with regular flights to Berlin, Frankfurt, Barcelona, Paris, Rome, Milan and Warsaw. Major international destinations can be reached easily, with Birmingham Airport less than an hour away and Heathrow and Manchester reachable in two hours. Nottingham manufacturers have the benefit of being only a few minutes from the UK s second busiest freight airport. East Midlands Airport offers cargo flights to Los Angeles, New York, Shanghai, Hong Kong, Singapore, Mumbai, Delhi, Tokyo and the whole of Europe. All major sea ports are accessible to Nottingham, giving businesses a choice of routes from the Humber Ports, Liverpool (less than 2 hours drive), Felixstowe and Southampton (under 3 hours). 11

12 The Detail

13 Nottingham Enterprise Zone Recruitment Catchment All data refer to the Journey To Work Area (JTWA) that the majority of staff working across a range of science and technology related positions would typically travel from. Management staff travel from further afield. The JTWA accounts for travel modes, competing employment locations and transport conditions in the area. This is the most relevant and up to date source of information on the workforce scale and characteristics in the recruitment area. 13

14 Large, Young and City Focused Catchment Over 1.4 million people live in the recruitment catchment serving Nottingham s Enterprise Zone. This is the eighth largest catchment in the UK. More than 900,000 residents are of working age - a proportionately larger group than in the surrounding region or England. The catchment profile is particularly young with residents under 30 accounting for 31.7% of the working age group against 28.5% in the wider region and 28.9% nationally. There is a particularly high proportion of those aged between 20 and 24, boosted by a large pool of recent graduates, who represent 13.2% of working age compared to just 10.8% in the East Midlands and 10.6% in England. At 11.3%, the working age population has grown by 2% more than the increase reported in the East Midlands or England. The working age group is forecast to increase by 2% over the following decade to 2022 against a decline expected in the region. 14

15 Workforce Profile 650,000 residents were in work throughout In addition, a pool of 40,100 jobseekers were actively seeking employment and around 46,800 people were classed as economically inactive but expressed a desire to work. Mirroring the demographic profile, Nottingham s workforce pattern is young with those aged between 16 and 24 representing 15.5% of all employees against just 13% in the region and a national average of 12.3%. Employees aged between 25 and 34 accounted for 22.7% of total, 2% above the East Midlands pattern. Manufacturing employment is strong in the area and matches the regional pattern. At 14.7% of all jobs it is significantly above the national average of 10.8%. Similarly, financial and business services employment accounts for 17.8% of all residents jobs, notably higher than 15% across the East Midlands. 15

16 BioMedical and Related Activity Over 55,000 people currently work in medical and life sciences activities across a very large group of 1,450 businesses within the Enterprise Zone s recruitment catchment. Pharmaceuticals research and production account for an additional 8,230 jobs. High tech manufacturing is found in 1,200 firms, employing a total of almost 26,000 people. Higher Education in the city is focused on producing world quality research and students in all science subjects. 14,700 first degree and postgraduates study science subjects at Nottingham s two universities, producing 3,650 graduate and postgraduate scientists in These location factors ensure that Nottingham offers companies everything they need to research, design, test, make and deliver a range of biomedical and related technologies and services. 16

17 Supporting Distribution Activity Distribution Employment 21,600 of which Road Freight 5,780 Other Freight (Air, Rail, Water) 680 Warehousing & Storage 5,120 Warehouse & Transport Support 3,630 Light Courier & Delivery Activities 2,720 Postal Services (inc Royal Mail) 3,670 Over 50,000 people are employed in logistics equivalent to 7.7% of the catchment s workforce, against 8.8% in the East Midlands and the national incidence of 7.3%. Distribution employment forms 3.3% of total, matching national average. The majority of these jobs are road freight accounting for over a quarter (26.8%) of distribution activities. Warehousing and storage make up a further 23.7% of these jobs, close to national average. Service and support activities to distribution make up 16.8% of all activity, significantly above 9.9% at regional level. Post and light courier positions account for 12.6% of distribution jobs, well above 6.8% in the East Midlands or 8.3% in England. Although small in absolute numbers, air freight employment is prominent in the catchment representing 3.2% of the distribution total against 0.8% regionally and 1.4% nationally. 17

18 Skills and Occupations Qualifications (2012) OWA Residents with NVQ Level 2 150,900 OWA Residents with NVQ Level 3 175,900 OWA Residents with NVQ Level ,850 The catchment is home to a workforce with up to date skills for work. Close to 180,000 employees benefited from work related training during % of those employed in productive industries had undertaken training against only 19.7% in the region and 18.6% nationally. 22.6% of private service sector employees were in training compared to the English average of 20.5%. Almost 725,000 residents hold NVQs with over a third of these (37.6%) holding Level 4 NVQs. Proportionately more of the catchment s residents possess NVQs at levels 3 and 4+ than reported regionally. 17.4% of employees are fully qualified professionals compared with 16.9% in the region. A quarter of these positions are in science, research, engineering and technology and a further 23.4% in health related posts. Semi qualified professionals account for 13% of the workforce. A larger proportion of these are found in science, research, engineering and technology and health activities than reported regionally and nationally (20% against 16% & 17% and 14.5% against 12% & 13% respectively). 18

19 University Data All Students by Subject of Study All Science (incl. Medical) 17,400 % of total enrolled 27.4% of which Subjects allied to Medicine 6,200 % of Science related enrolled 35.6% % of total enrolled 9.8% Biological Sciences 5,500 % of Science related enrolled 31.6% % of total enrolled 8.7% Engineering & Technology 3,850 % of total enrolled 6.0% IT & Computer Science 1,650 % of total enrolled 2.6% Employers locating in the catchment can draw upon a very large student population, 64,000 students attend Nottingham s two universities. 21,000 people graduated in 2012, with 30% obtaining a postgraduate qualification. A much higher than average proportion of the universities postgraduates are from overseas; 40.8% compared to just 36.4% in England and 35.3% across the East Midlands region. Nottingham s universities are focused very much on science. Over a quarter of enrolled students study science subjects. At 27.4%, this stands 2% above the East Midlands and 1% above the entire country s average. The largest proportion of these are subjects allied to medicine, 9.8% of the student pool and over a third of all science disciplines. Similarly, 31.6% of those enrolled in these subjects are in biological sciences, representing 8.7% of total which stands above 7.8% regionally and 7.9% nationally. The universities offer a full range of activities and specialist centres in medicine, biomedical and related research. 19

20 Comparison Costs - Science & Med-Tech Science and medical technology related salary rates in the recruitment catchment are extremely competitive judged against other GB locations (see below). These rates indicate typical achieved salaries in Nottingham s employers against a range of leading markets during 2013 for med-tech management and lab technician/scientist positions. This feature alongside the scale of the catchment results in Nottingham being one of the lowest cost British locations but still able to support recruitment of staff across the full range of science, medical and pharmaceutical related activities on a relatively large scale. 20

21 call us +44 (0) us follow BioCity Innovation Park MediCity The authors of this report are specialists in providing and analysing geo-demographic data and independently contributing to location based due diligence undertaken by landlords and tenants throughout the UK. prepared without editorial influence East West Locations Limited 2014