Recent research reiterates the extent to which two major shopping centres act as local economic hubs within Birmingham.
Stakeholder research specialists, Envoy Partnership in conjunction with Real Estate firm JLL and the centres’ joint owner and manager, Hammerson plc, have today released findings about the true value that shopping destinations, and particularly Bullring and Grand Central, bring to the local area.
The report reveals that in Bullring and Grand Central alone:
- There are 4,322 full time jobs
- Local people account for 85% jobs
- 50% of all jobs go to under 25s
- Training delivered to the value of £4.3 million
- Wage payments total £88 million
- Income tax payments total £12.6 million
- £22.7 million generated in business rates
- £362.6 million of inward investment attracted to the area
Michaela Moore, General Manager, Bullring & Grand Central, Birmingham comments:
“It’s immensely rewarding to see the combined impact that Bullring and Grand Central have on our local area. Supporting local jobs is a significant and very visible benefit, but we are equally proud of the contribution our destinations make in terms of developing skills for the next generation, making communities feel safer and more enjoyable for everyone to spend time in, and generating financial benefits for the local and national economy.”
“With Grand Central being located at the centre of Birmingham’s main rail station, we’re lucky to be the gateway to welcoming visitors when they visit Birmingham, and there’s a fantastic buzz in the centre with locals and visitors alike.”
Shilpi Akbar – Assistant Director for Employment and Skills, Birmingham City Council
“The Bullring and Grand Central Birmingham employ a lot of people in the retail and hospitality trades and it’s fantastic to see how many of the workforce are recruited from within the City. With the opening of The Bullring and Grand Central Birmingham, working alongside the City Council and its partners, Hammerson have been committed to supporting the local community to access jobs, develop bespoke training programmes and engage with tenants to promote vacancies, resulting in 592 previously unemployed people being supported into work at the opening of Grand Central Birmingham. The partnership approach continues with a programme of training for unemployed residents to access ongoing work experience and jobs focused on developing an even greater customer service experience.”