Bath MP Don Foster has welcomed the news that the number of unemployed claimants in Bath has continued to fall over the last year.
The number of unemployed claimants in the Bath constituency in July 2014 was 696. This represents a rate of 1.6% of the economically active population aged 16 to 64. The number of claimants is 486 lower than in July 2013 and 79 lower that in June 2014.
Commenting Don Foster said: “This drop in unemployed claimants in Bath is a good indicator of the progress being made. There is a long way to go, but the economy is on the mend and jobs are crucial to building a stronger economy and a fairer society that allows everyone to get on in life.”
This news comes in addition to the report published earlier this week by Duport that showed that 243 new companies were created in Bath between January and March of this year. This represents an increase of 6% on last year and tops Bath’s previous first quarter record.
Commenting further, Steve Bradley, Lib Dem PPC for Bath: “These unemployment figures and company growth figures are great news for Bath and highlight the great work being done by the Lib Dems both in Government and locally at the Council.
Nationally the Office for National Statistics said that the unemployment rate had fallen to 6.4% in the three months to the end of June. This is the lowest rate since late 2008 and is down from 6.5% in May. Furthermore, the number of people unemployed nationally fell by 132,000 to 2.08 million.
On learning about the fantastic news that Cleveland Pools in Bath have secured development grant of £366,200 from the Heritage Lottery Fund, with earmarked funding of £4.1m.
Commenting, Don Foster said: “This is absolutely fantastic news for not only Cleveland Pools, but also for Bath. The Cleveland Pools are a significant part of Bath’s history and heritage. This funding will enable the team there to get the Pools back to their glory days, which is something I am sure everyone in Bath wants to see.
“I have long been a supporter of the Pools and I wrote in support of them for this funding so I know that the Prince’s Regeneration Trust, Ann Dunlop and the team at the Cleveland Pools Trust have worked extremely hard with in their attempt to get this funding from the Heritage Lottery Fund and I want to congratulate them for securing it!
“I hope that others are moved and inspired by this to donate as much as they can so that the rest of the money needed can be secured.”
Commenting further, Steve Bradley, Lib Dem PPC said: “Cleveland Pools is an historical gem, and one of Bath’s best kept secrets. Last week I joined volunteers there to help with maintenance work, and was impressed by the team’s passion and energy.
“Everyone involved in winning the almost £4.5m Heritage Lottery funding deserves the gratitude of the people of Bath. It will be fantastic for our city to have this hidden piece of our heritage restored and opened again for all, and I look forward to the day when it is”.
Don Foster, MP for Bath, has welcomed news that the first quarter of the year saw Bath break its record for the formation of new companies.
The findings, published as part of the Duport Business Confidence Report, mean that 243 new companies were created in Bath between January and March of this year. This represents an increase of 6% on last year and tops Bath’s previous first quarter record.
Commenting, Don Foster said: “The record-breaking rise in new companies here in Bath is brilliant news for the local economy and shows that Bath is open for business.
Supporting people as they set up their businesses is vital for building a stronger economy and a fairer society and this increase shows that good progress is being made in achieving this”.
In further good news, company closure has dropped by 5%, which has resulted in net company growth in the area (the number of company formations minus the number of company closures).
Commenting further, Steve Bradley, Lib Dem Prospective Parliamentary Candidate for Bath, added: “It’s fantastic to see that business is booming here in Bath with a net increase of companies and a record number of people in work. It highlights the great work being done by the Lib Dems in Government and on the Council”.
More information and statistics on the Duport Business Confidence Report can be found at www.duport.co.uk/bath.
Speaking after the release of the report, Peter Valaitis, Managing Director of Duport said: “Our Business Confidence Report shows some very positive results for Bath. An increased number of company formations signals that entrepreneurial spirit is alive and well in the area, which can only be a good thing for the local economy”.