The Economic Case for the Development Sample Clauses

The Economic Case for the Development. The promotion of the site at St Athan for a Defence Technical College and Aerospace Business park has resulted from the opportunity that exists to build upon the skilled workforce that already exists in the area. The defence Training Review has led to an approach of rationalising elements of Ministry of Defence training to a single modern site, and the successful bid to the defence training Review Rationalisation programme was developed and progressed alongside WAGs own proposals for an Aerospace Business Park, to attract new companies and jobs to St Athan. WAG sees this as complementing existing opportunities at Talbot Green, Nantgarw and Cardiff Airport. As part of the application, the applicant has submitted an ‘Economic Impact Assessment’ drawn up following the undertaking of a study to provide information into the potential economic effects of the proposed Defence Technical College and an Aerospace Business Park. The study has quantified the economic effects of the development proposal and where this has not been possible a qualitative assessment has been provided. The Economic Impact Assessment identifies that all the economic impacts identified are positive and are considered to be nationally important and will lead to long term benefits. The underlying study also highlights that a significant portion of these effects may be felt at the local level and that this is likely to be especially important in the context of the current financial crisis. Key findings include an estimate of 5,065 to 6,190 jobs (total net additional employment and includes trainees) as a result of operational activities within the local travel to work area and would represent 2 to 3 per cent of its economically active population (estimated to be 230,500 in 2007). In addition, gross value added within Wales as a result of operational activities is estimated to be £433m to £530m this being significant compared with Welsh gross value added of £44.3 billion in 2007. In terms of construction employment, the Economic Impact Assessment identifies that the direct employment opportunities created during the construction period will cause indirect or multiplier effects as a result of increased spending in the local area and this will in turn generate further job opportunities. The construction programme for DTC is estimated to stand at £830.5 million over the 4 year construction programme. Wider economic effects identified and described qualitatively in the study include: • Positive eff...
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  • Research Analyst Independence The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company by such Underwriters’ investment banking divisions. The Company acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

  • TRAINING AND EMPLOYEE DEVELOPMENT 9.1 The Employer and the Union recognize the value and benefit of education and training designed to enhance an employee’s ability to perform their job duties. Training and employee development opportunities will be provided to employees in accordance with Employer policies and available resources. 9.2 Attendance at employer-required training will be considered time worked. The Employer will make reasonable attempts to schedule employer-required training during an employee’s regular work shift. The Employer will pay the registration and associated travel costs in accordance with Article 23, Travel, for employer-required training.

  • Sustainable Development 4.1 The Authority will review the Contractor’s Sustainable Development Policy Statement and Sustainable Development Plan submitted by the Contractor in accordance with the Schedule (Sustainable Development Requirements) and then at least annually thereafter. 4.2 Sustainable Procurement Risk Assessment Methodology (SPRAM) is a tool used by the Authority to identify and mitigate any potential risks to sustainability in contracts. The process requires that each Contract be assessed for its potential social, economic and environmental risks, throughout the various stages of its lifetime. Where risks are identified, appropriate mitigation action is required to reduce or eliminate the risk to sustainability. The Authority may at times require input from the Contractor in order to ensure that this process is given the required levels of consideration.

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