Business Growth Plan

Business Growth Plan Image

A NEW plan to close the “jobs gap” by creating almost 5000 posts in Dundee in the next five years is set to be discussed by councillors next week.

The plan aims to continue the growth since 2014 which has seen the number of businesses in the city rise by 250 (7%) overall and employ 580 (1.2%) more people.

Alan Ross convener of Dundee City Council’s city development committee said: “In 2018 alone we had 510 new businesses starting up, the highest total recorded since 2013, and although 445 unfortunately ceased trading in the same time period, the net figure is still better than the Scottish average and contributing to the overall steady gain.

“But there is still some way to go and with the help of our partners this plan will encourage more business start-ups, more companies to grow and more to locate in the city.”

According to the report, which will be discussed by the city development on Monday (March 9), the sectors with the largest number of companies in Dundee in 2019 were wholesale, retail and repair (835), construction (405), professional, scientific and technical activities (365) and accommodation and food service activities with (340).

Through a combination of services delivered by the council, contracted services and partnerships there is a commitment to working to support new business start-ups, the growing existing businesses and attracting new enterprises to the city.

The plan for the next five years has a number of key priorities including giving greater focus and attention to the attraction of inward investment and the promotion of Dundee Waterfront; refining and enhancing relationship management arrangements with the city’s key companies and working alongside colleagues from Michelin and Scottish Enterprise to deliver the Michelin Scotland Innovation Parc and replace all of the jobs lost through closure of the Michelin tyre factory.

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