Building economic resilience in Buxton

Now out is the  BUXTON ECONOMIC RESILIENCE STUDYSteady State Manchester contributed to the initial workshop that launched this work, and we are delighted to see the publication of the report.  It is well researched and data-based.  It also makes use of our Viable Economy formulation.
Transition Buxton, the publishers of the report say:
“The Economic Resilience Study was a follow on from the Alternative Economics Seminar in November 2013, and took most of 2014 to research and produce. It is an in-depth analysis of our local economy, based on a combination of publicly available statistical information, private data and surveys of residents, visitors and local businesses. It identifies a range of actions that will enable us to build a more resilient community that respects the environment, on which we all depend.

We have undertaken this work with the aim of enabling and supporting local individuals, businesses and organisations to take actions that strengthen our economic resilience and wellbeing.

The report identifies opportunities to create more jobs, grow new enterprises and help existing businesses to thrive in a more resilient and buoyant community.

Findings in the report include:

  • Buxton households spend over £30m each year on food and drink, but only 1% of this is spent in local independent shops. Just a 10% increase in local food sourcing would result in an increase of over £800,000 flowing into the local economy per annum.
  • Buxton households spend around £12m each year on energy in their homes. Investing in improving the energy efficiency of just 1% of the domestic buildings in the town each year would result in an increase of £300,000 flowing into the local economy annually and would also reduce our energy needs by around £60,000 per annum.
  • The introduction of renewable energy generation into just 35 houses in Buxton each year would contribute a further £250,000 to local businesses per annum and benefit householders through savings and income by £65,000 a year. In addition a community renewable energy hydro project could generate £35,000 p.a. through the feed-in-tariff and generate enough electricity for 50 homes.

Please download, read, share and use the data in the report and appendices, all freely available on our website at this link: http://transitionbuxton.co.uk/node/577

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