Evidence
There is a low wage economy and limited potential for higher level career development within Moray despite the growing GVA
The contributory reasons for the low wage economy are the current economic structure of the area and the reliance of sectors
with lower outputs and value-added which then requires the area to have a more diversified economy.
The Partnership has identified economic development as a priority. The evidence shows that a major priority is addressing
the lack of employment opportunities and range of job types, which leads to a disproportionate loss of young able people out
of the area..
Relevance to National Outcome 1
The most significant improvements which can be made to make Moray and Scotland a more attractive place to do business is to
improve the roads/transport infrastructure, to increase the use of sustainable travel to make movement in and out of Moray
as easy, convenient and cost effective as possible for business, residents and tourists and to increase the number of businesses
established as a result.
Relevance to National Outcome 2
The most significant improvement which can be made to enable the people in Moray to realise their full economic potential
is to address the low wage economy and improve school leaver destinations by ensuring future employment prospects within Moray.
Progress & Achievements in 2008-9
HIE have completed 3,000 and 4,000 square foot, high specification speculative units and commenced construction of a 10,000
square foot speculative science building at the Enterprise Park Forres. Confirmation of a start date on the Fochabers/Mosstodloch
bypass has been received. Construction has started on a replacement of Reiket Lane Bridge and some minor improvements have
taken place on the A95.
Focus on these priorities will also support Moray’s contribution to addressing climate change and environmental impact (national
outcomes 14) and the safety of the area through driver behaviours (national outcome 9)
HIE are anticipating 20 Growth Plans for Businesses of Growth Potential, 20 businesses deepening their involvement in international
trade and 5 Growth Plans for Social Enterprises. This should result in a net Gross Value Added (GVA) created for the Moray
economy in the range of £7.5m to £15m.
School leaver destinations will be addressed in attainment of young people (national outcome 5) and early intervention with
children and young people (National outcomes 4 & 8).
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