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Useful Information
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Population

The 2001 Census gave the population of the Isle of Wight as 132,731. This represents a change of 5.2% since 1991. This is a much higher rate of increase than the figure for England, which was 2.6%.

Total number of people
132,731
Males
63,697
Females
69,034
Aged 0-15
24,149
Aged 16-74
93,393
Aged 75 and over
15,189

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Education

The resident population aged between 16 and 74 were grouped according to qualifications obtained. These were divided into five levels:

Level One:
1 to 4 “O” level passes
Level Two:
5 or more “O” level passes, 5 or more GCSE’s (grades A-C)
Level Three:
2 ore more “A” levels, 4 or more “AS” levels, NVQ level 3, Adv-GNVQ
Level Four:
First Degree, higher degree, NVQ levels 4 and 5, HNC, HND

Students and Qualifications - all people aged 16-74 years – 93,393

o People with highest qualification attained at Level One - 18.49%
o People with highest qualification attained at Level Two - 20.76%
o People with highest qualification attained at Level Three - 6.42%
o People with highest qualification attained at Level Four - 15.27%

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Employment

All people aged (16-74) – 93,393

Economically Active males
69%
Economically Active females
56%
Employees (part-time)
14.5%
Employees (full-time)
32%
Self-employed
10.2%
Unemployed
3.6%

Industry of Employment

Agriculture, hunting, forestry & fishing
4.6%
Manufacturing
23.8%
Construction
14.2%
Wholesale & retail trade, including repair of motors
33.9%
Hotels & catering
19.7%
Transport, storage & communication
11.2%
Financial intermediation
3.8%
Real estate, renting & business activities
17.5%
Public administration and defence
12.15%
Education
16.9%
Health & Social work
28.2%
Other
12.7%

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Businesses

The Annual Business Inquiry 2000 detailed over 4,500 businesses on the Island of which 3180 were VAT registered. Smaller businesses 1 – 50 employees are more predominant than in the South East and GB, employing a greater proportion of people.

The Island has less medium sized businesses employing 100 – 199 than other areas, but still retains a number of large companies 200 + employees.

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House Prices

According to statistics released by the Land Registry, house prices on the island rose by 16% in the first quarter of 2002 compared to the same period in the previous year. This compares to a national average of 10.2% for England and Wales.

Average prices for properties on the island are now as follows:

Flat / Maisonette
£70,800
Terraced properties
£92,200
Semi-detached
£97,900
Detached
£163,300
Overall island average
£116,600
National average
£121,900

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Land Use

IW Area
146.8 sq miles
Length of Coastline
57 miles
Road Network
489 miles
Farm Land
99.6 sq miles
Developed Areas approx
20 sq miles
Areas of Outstanding Natural Beauty
73.5 sq miles
Length of Heritage Coast
28 miles
Source: Land Use: Census 1991

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Tourism

1999 Tourism Figures

o 2.7 m Visitors
o 2.6 m Domestic visits
o 150,000 Overseas visits
o 1.5 m Staying visits
o 1.2 m Day visits

Between 1993 and 2000 cross-Solent traffic increased by on average 3% per year. Many leisure investors do not take account of the large increases in the Island’s population during the tourism season.

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Skills

The Labour Force Survey 2002 highlighted an increase of skill levels between 2000 and 2002 on the Island. The % of people of working age with NVQ Level 3 (National Learning Target 1) increased from 33.4 to 42.6 and NVQ Level 4 (National Learning Target 2) from 16 to 24.

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Earnings

The 1999 New Earnings Survey has show the average full time employee on adult rates on the IW earns 20 % less than the national average

o IoW average yearly income £16,965
o SE average yearly income £21,954
o 150 GB average yearly income £20,919

The message to inward investors is that if a company pays a little more then it is well placed to recruit the right workforce.

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Telecoms

The Island has one of the robust and reliable telecommunications infrastructures in the country with a per capita capacity twice that of the South East of England.

ADSL and Broadband services are available in all the major towns. Additionally the Island has a cable company, Wight Cable, offering local cable services.

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Universities

The universities of Southampton, Portsmouth and Bournemouth, all on the doorstep, all have an excellent reputation, with excellent facilities and renowned international research facilities. Thousands of students graduate each year, offering investors the potential to tap into a bank of higher level skills.

The Enterprise Hub on the Island has access to academic networks around the world to facilitate technology transfer. These contacts include Cambridge, MIT and DERA, our job is to enable companies to take advantage of these networks. An example of our work in this area is the creation of a pan-European virtual institute for technology transfer in the composites sector.


University of Southampton
Tel: 023 8059 5000

admissions@soton.ac.uk
http://www.soton.ac.uk 


University of Portsmouth
Tel: 02392 848484

admissions@port.ac.uk 
http://www.port.ac.uk


Bournemouth University
Tel: 01202 524111

http://www.bournemouth.ac.uk

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Isle of Wight Map

Map of the Isle of Wight's Major Towns

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Isle of Wight Economic Partnership
 
www.investwight.com
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