Tory Assembly candidate unveils ‘Caerphilly Jobs Trust’ proposal
Caerphilly’s Conservative Assembly candidate Owen Meredith, has promised to set up a ‘Jobs Trust’ if elected on May 5.
Mr Meredith said the trust would help the unemployed match their skills to local job opportunities and develop partnerships between schools, colleges and local employers.
He said: “This is a new way of thinking to help tackle Caerphilly’s long standing employment challenge. More than 40% of working age people in this constituency are not in jobs and not active in the economy. We cannot go on like this.”
According to the Rudry-born candidate, the trust would also promote Caerphilly as a place of investment and act as a source of venture capital tp encourage new business start-ups.
The latest employment figures for the Caerphilly constituency show:
- 2,574 people are claiming Job Seekers Allowance
- 17,800 people are economical inactive – 34.4% of the population. The 3rd highest rate in Wales.
- 12,450 people are claiming out of work benefits.
- Our employment rate is just 59.4%
- The business birth rate is 33.67 per 10,000 population – the fourth lowest in Wales.
Mr Meredith commented: “If that is not proof enough that we need change, just look at the job creation rate. In the last three months 143,000 jobs were created in the UK economy – depressingly just 2,000 of those are in Wales.
“Of course, there is no silver bullet to solving our jobs crisis in Caerphilly, but a new approach where we join up thinking between educators and employers; support people to find work with jobs clubs; and encourage entrepreneurs to start new businesses by slashing tax rates and cutting rates tape will be a vital step forward.
“Working together we can create the enterprise-led economy that Caerphilly desperately needs.”Follow @CaerphillyObsvr