8.
A Forecast Summary of the Economic, Social & Community
Outputs of The Project
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Economic
Outputs
-
Creation of 40 - 60 managed workspaces
-
Creation
of 80 new jobs within 3 years of operation
-
Safeguarding
of 35 jobs
-
Creation
of 30 new enterprises
-
Safeguarding
of 25 enterprises
-
Annual
spend of £150,000 at local sandwich shops, cafes,
pubs and restaurants by tenants and visitors.
-
Annual
spend of £150,000 at local music and computer shops
-
The
cluster achieving £5m turnover within 5 years
-
Electro
Works Development Trust achieving annual turnover of £250,000.
-
Creation
of demand for other local premises once project established.
-
Contribution to the creation of the 24 hour leisure economy
in London Road and John Street.
-
120
enterprises advised
Social
and Community Outputs
The general social and community benefits of creative businesses
located in local neighbourhoods is outlined elsewhere. Electro
Works will provide:
- Jobs
and enterprise activities prioritised for local people
- Individual
placements and training within successful music businesses
- Music
education programmes for all ages with a focus on young
people (0-21 years old)
- Cultural
festivals and events and family activity days
- Drawing
in creative people to work and live in Sharrow.
- Inclusion
through musical activities and employment of individuals
previously excluded from mainstream education.
- A
major project tackling gender discrimination within the
music industry.
- Positive
measures to include members of black and other minority
ethnic communities in all aspects of the project.
- Environmental
improvement through the regeneration of a heritage site,
extending later to other buildings in Little Sheffield.
- Contribution
to the growth of a network of not-for-profit social enterprises
in Sharrow.
- Retention
of successful cultural enterprises within Sheffield and
the local economy.
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