Business Economic and Demographic Profile
Population
Tamworth's resident population
of around 74,500 makes it one of the main urban centres in Southern
Staffordshire. Indeed, it has the highest population density (24.2
people per hectare) of all the Southern Staffordshire districts and
second only to Stoke on Trent (25.8 people per hectare) in the
County as a whole.
Area
|
Resident Population
(Census 2001)
|
Population Density
(people per hectare)
|
Tamworth
|
74,539
|
24.2
|
Southern
Staffordshire
|
590,209
|
3.2 |
Staffordshire
|
806,744
|
3.1 |
West
Midlands
|
5,267,308 |
4.1
|
United
Kingdom
|
58,789,194
|
2.4 |
Source - Census 2001, ONS
Tamworth has a very young population structure with an average
age of 35.99, which is the lowest of all the Staffordshire
districts and lower than the West Midlands and national averages
(38.53 and 39.28 respectively). 33.54% of the population is under
25, compared to 31.8% in the West Midlands and 31.8% nationally
(Source: Census 2001). A high proportion of the population is of
working age - 64.1%, compared to 60.5% for the West Midlands and
61.4% nationally, which is set to increase further as the large
young population reaches working age. (Source: ONS Midyear
Population Estimates 200
Employment
Tamworth's diverse and vibrant
economic base means that the Borough has done well in terms of new
job creation over recent years. Overall employment increased by
over 10,000 during the 1990s, with a further 3,900 jobs forecast to
be created by 2020 (Source: Southern Staffordshire Economic Futures
Study, 2004). 84.7% of working-age people were in employment in
2001, significantly higher than the West Midlands and Great Britain
figures of 74.3% and 74.6% respectively (source: Southern
Staffordshire Economic Futures Study, 2004).
Businesses, sectors and clusters
In terms of output, Financial and Business Services at 19.6%,
Distribution at 16.5% and Transport and Communications at 12.5% are
all important contributors. A high share is still devoted to
manufacturing in Tamworth compared to both the West Midlands and
the UK as a whole, with metals and transport equipment the largest
sectors, contributing over 10% of the Borough's total output.
% Output Shares (2001)
| Businesses |
Tamworth |
West Midlands
|
UK |
| Financial and Business Services |
19.6 |
15.5 |
20.7
|
Distribution
|
16.5
|
14.2
|
14.9
|
Transport and Communications
|
12.5 |
9.9
|
11.0
|
Education and Health
|
9.3 |
12.7 |
12.0 |
Construction
|
6.1 |
5.4
|
5.1
|
| Metals |
5.4
|
4.7
|
1.9
|
| Transport Equipment |
5.0
|
4.7
|
2.0 |
Others
|
25.6 |
32.9 |
32.4
|
Source: Southern Staffordshire Economic Futures Study,
2004
Tamworth's strong manufacturing base means that it is still a
very important sector in terms of jobs, with an 18.2% share of
total employment (source: NOMIS annual business enquiry employee
analysis, 2003), which is just over the West Midlands average (18%)
and far higher than the national average (12.6%). Within the
Services sector, Finance & Business Services and Public Admin,
Education & Health are important sources of employment at 21%
and 15% respectively.
Share of employee jobs by sector
| Sector |
Tamworth
(employee
jobs) |
Tamworth
(%)
|
West Midlands
(%) |
GB
(%)
|
Manufacturing
|
5,863 |
18.2 |
18.0 |
12.6 |
Construction
|
1,576 |
4.9 |
4.3 |
4.4 |
|
Services
(see below for breakdown)
|
24,746 |
76.8 |
76.2 |
81.4 |
Distribution, hotels and restaurants
|
9,447 |
29.3 |
23.8 |
24.7 |
| Transport and communications |
2,332 |
7.2 |
5.6 |
6.0 |
|
Finance, IT,
other business activities
|
6,763 |
21.0 |
16.5 |
19.8 |
| Public administration, education and health |
4,824 |
15.0 |
25.6 |
25.8 |
| Other services |
1,380 |
4.3 |
4.8 |
5.2 |
| Tourism-related |
2,050 |
6.4 |
6.9 |
8.1 |
Source: annual business inquiry employee analysis
(2003)
A major analysis of cluster opportunities undertaken by the
sub-regional economic development partnership, the Southern
Staffordshire Partnership (Economic Futures Study, 2004), has
identified particular cluster strengths and opportunities in the
sub-region. For Tamworth, there is good representation across the
clusters, with particular concentrations within the Building
Technologies, Transport Technologies and Medical Technologies
clusters. There are also good development prospects for the
Specialist Business Services and Environmental Technologies
clusters.