Blake Lapthorn solicitors' Real Estate team held a seminar on Southampton and the future development on 4 December 2009.

1. Southampton & Future Development
Presentation to Blake Lapthorn Real Estate
4 December 2009
Dawn Baxendale
Assistant Chief Executive

2. South Hampshire Context
The sub-region has a population of around 1m
Workforce of 431,000
30,000 businesses
£15.5 billion economy in 2006, forecast to rise to £28.3 billion
by 2026 achieved by:
- GVA growth per annum up to 3.5%
- Improved productivity
- 59,000 additional jobs
- Business services, distribution, retail and tourism
growth sectors

3. Southampton: some basic facts
Population of 234,600
4.4 million people within 60 minutes drive time
Workforce of 129,000
7,700 businesses
Diverse economy based on business and finance based
activities
£4.5 Billion economy

4. Southampton and South Hampshire offer
Good distribution network for UK and European markets
World class university with expertise in electronics,
optoelectronics, computing, oceanography, marine engineering
Defence expertise
Large numbers of students graduating
Research focussed businesses
Substantial development opportunities
A growing local economy and City renaissance

5. Southampton: How do we compare? (1)
Economic Activity and Employment Rates lower than many
parts of the South East but compares favourably with larger
cities
Residents less likely to be employed in higher order
occupations than many place in the South East
Lower rates of NVQ3 and above achievement
Disparity in wages between those who work here and
residents in employment
Relatively high levels of unemployment

6. Southampton: How do we compare? (2)
Employment dominated by the public sector and finance, IT
and other business activities
Business start up rates fall well below those of the
surrounding area and many other cities
Despite universities, research centres and other assets
knowledge economy not yet fully taken off

7. Southampton: How do we compare? (3)
High levels of absence from school
Low levels of attainment at GCSE – although improvements
High level of NEETS
Poor performance at KS2 and Maths Level 4
Despite universities, research centres and other assets
knowledge economy not yet fully taken off

8. 12
How Are We Going to Succeed?
Reduce Worklessness and Increase Employability
Improve Qualifications and Skills
Develop Enterprise Culture
Bring forward employment land and infrastructure
Strengthen City Image

10. Key Sites:

11. Northern Above Bar – the cultural quarter

12. Watermark West Quay : Central Site / Eastern Area

13. Ocean Village

14. Woolston Riverside – ‘Centenary Quay’

15. South Hampshire
Strategic Employment
Zone

16. Conclusions
Southampton has significant potential for increasing the
prosperity of residents, workers and business
South Hampshire and local policy supports aspiration
Approximately 20,000 jobs could come on stream in next
10 years
Step change required to achieve this
Importance of Business Relationships.