Sector fact sheets are currently being developed for the South West by the Learning and Skills Council. These fact sheets will soon be available to download.
What is the Sector Balance Sheet?
The Sector Balance Sheet is a key regional resource of labour market data at an industry level. It pulls together information that can be provided by key robust data sources such as the Annual Population Survey (APS) and the Annual Business Inquiry (ABI). The data is presented in a series of spreadsheets at a regional level for SIC, SSC and SWRDA priority sector industry breakdowns.
Industries are often referred to as goods (producing a product) or service (providing a service) industries. Industries are classified according to the main Standard Industrial Classification (SIC) as follows:
Industries are also often referred to as being in the primary, secondary or tertiary sector.
The South West Regional Development Agency (SWRDA) has identified a number of industry sectors within the South West that are key to the economic growth and development of the region. The sectors currently receiving active support through the South West RDA are as follows:
Established Regional Sectors:
Sectors that are important to the region for either employment, GDP or because they are a specialised sector for the region. These are Aerospace, ICT, Food & Drink, Marine and Tourism.
Sectors that have the potential to be important to the economy of region in the future. These are Creative Industries, Biotechnology and Environmental Technologies.
The recent review of the Regional Economic Strategy (Sept 2005) has
proposed some changes to these sectors. Eight priority sectors are proposed
as a focus for specific activities (such as sector networks, supply chain
development and sector skills programmes) to raise business productivity.
Aerospace & Advanced Engineering
Food & Drink
Creative Industries – especially digital media
Bio-medical and healthcare
ICT – especially semi-conductor design and wireless networks
Environmental technologies – especially renewable energy and waste
In addition, five sectors are identified as a focus for specific activity to improve skills and the operation of an efficient labour market, while at the same time supporting overall regional economic growth:
The RDA have some pages on the priority sectors as part of their website which also contains a link to the State of the Key Sectors Volumes 1 and 2, a report reviewing the key sectors in the South West.
Sector Skills Councils (SSCs) exist to bring together businesses and stakeholders to meet the skills challenge – identifying skills their employees are missing and developing actions plans to tackle those skills shortages. Each SSC is an employer-led, independent organisation that covers a specific sector across the UK. The four key goals of SSCs are:
All SSCs are licensed by the Secretary of State for Education and Skills,
in consultation with Ministers in Scotland, Wales and Northern Ireland.
Within the UK there are 25 Sector Skills Councils (SSCs) which make
up the Skills for Business Network. The 25 SSCs are as follows:
Asset Skills - Property, housing, cleaning and facilities management
Automotive Skills – Retail motor industry
Cogent – Chemical, nuclear, oil, gas, petroleum & polymer industries
Construction Skills – Construction industries
Creative and Cultural Industries
Energy & Utility Skills – Electricity, gas, waste management & water industries
e-skills Uk – IT, telecommunications and contact centres
Financial Services SSC – Financial industries
Go Skills – Passenger transport
Improve – Food & drink manufacturing
Lantra – Environmental & land-based industries
Lifelong Learning Uk – Community based learning, FE, HE and library & information industries
People 1st – Tourism & hospitality
Proskills – Process & manufacturing (coatings, extractives, glass, building products and printing)
SEMTA – Science, engineering, aerospace and manufacturing technologies
SkillsActive – Active, leisure, outdoor and playwork
Skillfast Uk – Apparel, textiles, footwear and related industries
Skills for Care – Social care sector
Skills for Health – NHS, independent & voluntary health organisations
Skills for Justice – Justice sector
Skills for Logistics – Freight logistics & warehousing industries
Skillset – Audio visual industries
Skillsmart Retail – Retail sector
SummitSkills – Electro-technical, heating, ventilating, air conditioning, refrigeration and plumbing.
For more information and contact details about each SSC is available from the Alliance of Sector Skills Councils (ASSC). The ASSC is responsible for funding, supporting and monitoring the SSCs.
SSAs are agreements between employers within a sector and its related SSC designed to map out the skills needs of each sector workforce and how they will be supplied.
Each SSA is created through a five stage process:
More information about SSAs is available here.