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Coronavirus (COVID-19): updates and advice.

What are our key sectors?

There are a number of important sectors in Western Dorset that have the potential to significantly drive economic growth. Some sectors are predicted to change, which may require intervention and support to mitigate negative effects on our economy. Others are considered ‘enabling sectors’ – such as health and social care. The strategy recognises the need to continue to drive quality and excellence in these sectors.

Key Sectors
SectorContribution to economyDescriptionChallenges2033 growth scenario
Advanced engineering 2,600 jobs - 4% of GVA Significant, well established knowledge intensive sector. Businesses with strong international reputation Acute skills shortage locally Scope to deliver strong local growth and develop supply chains. Focus on aerospace, marine and defence
Construction 9,000 jobs - 10% of GVA Key role to play in supporting economic growth and housing provision Enhanced skills/ technologies required Increase in jobs and productivity anticipated. Need to ensure availability of skilled and adaptable workforce
ICT services 1,000 jobs - 1% of GVA Crucial sector to underpin economic growth High growth needed to support wider economy Productivity anticipated to grow above national average. Support and infrastructure for other sectors growth
Health and social care 11,300 jobs - 9% of GVA Crucial sector for Dorset given the demographic crunch Training and retention of workforce.  Large yet low wage sector Significant job growth anticipated. Link to e-health and e-care solutions
Land based industries 2,900 jobs - 2% of GVA Significant impact on stewardship of the environment. Traditional sector with scope to improve productivity through application of new technologies Low contribution to economy Agri-tech a priority sector for investment and development of workforce skills. Collaborative approach with neighbouring areas
Tourism and leisure 7,000 jobs - 5% of GVA Traditionally a major part of the Dorset economy Mostly low, seasonal pay with limited career opportunities Job numbers to remain steady but invest to improve the Dorset ‘offer’ and address issues
Financial and professional services 7,600 jobs - 12% of GVA Average representation in Dorset economy Small decline in jobs and GVA anticipated Decline reflecting national trends
Public administration 7,900 jobs - 12% of GVA Highly skilled workforce and currently largest employment sector across Western Dorset Reduction in jobs and budgets Likely to experience continuing reduction in jobs
Retail 8,900 - 9% of GVA Impacts on vitality and viability of town centres Mostly low paid jobs with limited opportunities and falling numbers of jobs Changing face of retail impacting on bricks and mortar stores

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