the Business Forum and
the Economic Partnership
in Brighton & Hove
Homepage    BCRP Intranet    Funding    Events    Knowledgebase    Links    About us     Contact us
Key projects



Workforce development 


Business &

Property &
Development sites




Consultation opportunities

Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
Email: info@brighton

© Brighton & Hove
Business Forum

News - 26 June 2009
Tony Mernagh

State of the City address

The Chamber's annual State of the City address at the Sallis Benny Theatre on Tuesday evening outlined the toll that the recession had taken on the Brighton & Hove economy and highlighted the need to prepare for the upturn.

Executive Director of the Brighton & Hove Economic Partnership – Tony Mernagh – updated the audience of business people on key economic indicators and then joined a panel of experts for questions. The panel included representatives from the City Council, the regional development agency (SEEDA), the Learning Partnerhsip, Wired Sussex, The Chamber and Sussex Police.

He reported that, so far the recession has been merciful to Brighton & Hove. While some 2,350 people have joined the unemployment register in the last year, a Centre for Cities report at the start of the recession (see earlier story) had suggested that job losses could be as high as 7,400. Tony Mernagh stressed, however, that although the recession may well prove to be technically over when figures are reported for the June quarter, unemployment tends to keep on rising long after growth has returned to positive territory.

Local indicators such as footfall, retail sales and retail vacancy rates are also holding up well against national indicators and the city hopes to capitalise from additional visitors if the good weather holds throughout summer. There is already anecdotal evidence that the weak pound is helping language schools to attract foreign students.

Unsurprisingly housing prices have plumetted with the average first time buyers flat costing nearly £29,000 less than a year ago. On the upside this means that the salary needed to get onto the housing ladder has fallen by nearly £11,000 p.a. from £52,480 last year to £41,730 in the first quarter of 2009 (see earlier story).

Also on the upside salaries have imporved and at least one of our major developments – the Falmer Stadium – got off the ground and is on the way to completion for 2011. Others have been postponed but the City is still optimistic that they will be built when the recession ends. The decision by American Express to commit to an additional 270,000 sq feet of office space in Edward Street , nearly doubling its employment floor space, was a bright star in a dark development firmament (see earlier story)

Tony Mernagh warned that perhaps the most worrying aspect of the mounting national borrowing requirement (£175bn next year and £173bn the year after) is the amount that is structural i.e. it won’t recover once the recession is over. The Institute for Fiscal Studies suggests that as much as £137bn of next year’s debt could be structural (see earlier story). The UK and Brighton & Hove need to think carefully about how they will replace the revenue and employment opportunities that are likely to be lost from business and financial services and public sector.

To view the presentation click below.

Click here to download The Brighton & Hove Economy 2009 [3.7MB]

Read related items on:
Brighton & Hove Chamber of Commerce
Brighton & Hove Economic Partnership

Browse our business Knowledgebase or search by keyword


14 March 2018
Better Business for All Event with BEIS
7 March 2018
Brighton celebrates women in tech as Spring Forward festival returns for a fourth year 6 March 2018
Six months of success for BTN BikeShare 2 March 2018
Sustainability in Action masterclasses for Sussex businesses 2 March 2018
Doing Business in China comes to Brighton 1 March 2018
Brighton & Hove Chamber of Commerce presents: Protecting your brand- a guide for fast growth businesses 1 March 2018
Long haul passengers boost local economy and jobs, according to new Gatwick report on the 'Visitor Economy' 28 February 2018
Save time reporting crime 27 February 2018
Warren Morgan Resigns from Brighton & Hove City Council 23 February 2018
Brighton Technology Company, Paxton Ranks in Sunday Times 100 Best Companies to Work For 23 February 2018
Greater Brighton's Commercial Property Database 22 February 2018
SE-ASSIST - Launch of Loan Capital in Greater Brighton 19 February 2018
House Price update Q4 2017 19 February 2018
What would you do in a crisis? 19 February 2018
The investment journey for high growth entrepreneurs 9 February 2018
Make Change Count 2018 - helping rough sleepers in Brighton & Hove 8 February 2018
Brighton Technology Company Paxton Announces Recipients of New Scholarship Programmein Association with the University of Brighton 8 February 2018
Cyber London Accelerator Invites Summer 2018 Entries 8 February 2018
Innovate UK Launches Strand 2 Emerging and Enabling Technologies Sector Competition 8 February 2018
Success In Sussex As Food And Drink Heroes Crowned Winners 8 February 2018
UK Games Fund - Fourth Round Open to Applications 8 February 2018
Innovate UK & Prince's Trust Launch Young Innovators' Programme 6 February 2018
Brighton & Hove Food Partnership launches 'Kit Out The Kitchen' crowdfunding campaign 2 February 2018
Brighton & Hove Council and Crest Nicholson win £15m government funding to kickstart King Alfred project 1 February 2018
Could a Utilise Plus Programme grant help you? 1 February 2018
Shoreham Port Facilitates Huge Operation 18 January 2018
IUK Announces Collaborative R&D Funding for Connected and Autonomous Vehicles Simulation 18 January 2018
Renault-Nissan-Mitsubishi Launches $1 Billion Corporate Venture Capital Fund for Next Generation Mobility 17 January 2018
PORTlife #17 Newsletter Out Now 17 January 2018
Over £19,000 raised for Burning the Clocks 2017 11 January 2018
Brighton Main Line Improvement Project: Planned closures in October 2018 and February 2019 11 January 2018
Come on in! Fairtrade Fortnight 2018 8 January 2018
Sussex Business SkillSnap targets hospitality industry skill shortage 3 January 2018
House Price update 2017 Q3 20 December 2017
£14.35 Million European Regional Development Fund Launched 19 December 2017
Leading the way - Sustainability in Action masterclass 15 December 2017
Brighton is among the best places to start a business due to their strong growth factors 15 December 2017
GTR consultation ends 20th Dec 2017 13 December 2017
Ethical Food StartUp Programme - Idea Generation Workshop 12 December 2017
Utilise Plus launch programme of energy efficiency grants and business support for SMEs