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Latest News

Torbay unemployment figures at an all time low

21st October 2016

Categories: Latest News

The latest figures show that Torbay’s unemployment is at its lowest since records began.

Torbay Council’s Elected Mayor and Lead for Finance and Regeneration, Gordon Oliver, said: “The unemployment figures are at their lowest since records began in 1983. The implementation of the Torbay Growth Fund has both helped businesses in Torbay to expand and encourage investment in the area, which is integral to creating more businesses and jobs.

“Major developers and investors are showing confidence in the Bay by investing in significant projects that improve prime sites, boost the economy and create jobs. Ongoing improvements to Torbay’s regeneration and infrastructure will continue to maximise visitor opportunities, business connectivity and economic growth. The real economic benefits are beginning to show after the opening of the South Devon Highway.”

£1m was set aside by Torbay Council for the Torbay Growth Fund, an initiative which was set up by the Mayor to support businesses and tackle unemployment, and to date, £800,000 has been allocated to support 17 businesses and create 300 jobs.

In comparison to July 2014, the claimant count in Torbay has decreased by 28% with a 40% decrease in claimants aged 18 to 24. Torbay Council, through the TDA, are committed to supporting apprenticeships through their dedicated tspace web platform and working with schools and local businesses to create strong partnerships, maximising the opportunities for job seekers in this age group.

Debbie Passmore, Partnership Executive at the TDA, said: “Torbay has an enterprise culture with many new businesses being created with support from Business Advisors delivering the Start and Grow, and Get Set for Growth Programmes. Torbay Council and TDA continue to work with key partners and local employers to create opportunities for apprenticeships, work experience and helping local businesses grow.”

Following the success of the jobs fair in March, where 600 jobs seekers met with over 40 local employers, Torbay Council and TDA worked in partnership with Job Centre Plus to deliver yet another successful event on 7 October. With even more job seekers and employers attending the fair, this will undoubtedly see further improvements on the unemployment figures as we move into 2017.


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