intu Derby makes £311 million impact on local economy

Shopping centre intu Derby contributed £311 million to the local economy last year* according to a new report by owner intu. 7139 local jobs were also supported by intu Derby in 2016, representing 4.8 per cent of all jobs in the area.

intu owns many of the UK’s largest and most popular shopping centres and the research from planning consultants Lichfields measured the economic impact of each centre to reveal how much retail destinations and physical stores are worth to their local areas as a result of employment, regional investment and business rates paid.

It found the total contribution by intu shopping centres grew by £700 million in 2016, from £4.2 billion in 2015. The number of jobs they supported across the country increased by 14 per cent to more than 137,000, with a total wage bill of £1.9 billion.

intu’s development pipeline is expected to generate an additional 31,000 jobs and a further £1.95 billion for the economy over the next 10 years.

Adam Tamsett at intu Derby said: “Creating and managing retail and leisure destinations that customers want to visit helps businesses flourish across the country, drives up investment in towns and cities and establishes real local prosperity. The jobs they create cater for a wide range of skills and abilities and deliver more entry-level and flexible routes into employment.”

intu Derby have also continued their involvement with Business in the Community’s Business Class programme which supports students in their final years at school and helps to prepare them for business life and beyond. Over the past few years intu Derby have been helping students from City of Derby Academy prepare for assessment centres and competency based interviews by hold mock sessions and have also provided CV writing workshops. In September, the centre recruited a new technical apprentice from City of Derby Academy who will remain with the team for a year.

In addition to supporting City of Derby academy intu Derby joined other Derby businesses including QUAD, East Midlands Airport, BBC and GI Group in a discussion group with 93 pupils from 4 local schools about the world of work and being a responsible business.

Alexander Nicoll, corporate responsibility director at intu, added: “We invest millions in our centres and their local communities every year. This allows us to create long-lasting and positive change by delivering skills, employment and health and wellbeing.”

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