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Vibrant Economy

Long term vision

 

Orkney has a vibrant economic environment.

Medium term outcomes

A.

Orkney is a location of choice for people to live, work, learn, visit and invest.

B.

Orkney is widely recognised as a location for innovation and the application of experimental thinking in an island context.

C.

Orkney’s economy offers a broad range of employment opportunities in all localities.

Key performance indicators

VE1

Employment rate (16-64 years) (source: NOMIS Official labour market statistics published 2019, next due 2020)

2018-19 Baseline

2019-20

2020-21

2021-22

88.7%

>85%

>85%

>85%

VE2

% of 16-19 year olds participating in education, employment and other training and development activities (source: Skills Development Scotland, Annual Participation Measure August 2019)

2018-19 Baseline

2019-20

2020-21

2021-22

95.4%

Maintain

Maintain

Maintain

VE3

Modern Apprenticeships starts (source: Skills Development Scotland Making Skills Work for Orkney Islands published 2019, next due 2020)

2018-19 Baseline

2019-20

2020-21

2021-22

140

(16-24 years - 83

25+ years - 57)

Improve

Improve

Improve

VE4

Town Centre Vacancy rate Kirkwall (source: Scottish Local Authorities Economic Development Indicators Framework Report 2017-18 published 2018, next due 2019)

2018-19 Baseline

2019-20

2020-21

2021-22

3.7%

<5%

<5%

<5%

VE5

% premises unable to access 10Mbits/s Broadband  (source: Scottish Local Authorities Economic Development Indicators Framework Report 2017-18 published 2018, next due 2019)

2018-19 Baseline

2019-20

2020-21

2021-22

26.1%

20%

15%

0[3]

VE6

Satisfaction rating[4] for ‘Digital Connectivity’ (source: Locality Plan Place Standard Consultation Results 2016 next due 2020)

 

2018-19 Baseline

2019-20

2020-21

2021-22

 

2.39

2.39

4

4

           
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