An impartial financial affect evaluation has discovered that Rochdale Development Agency is producing £14.30 in native Gross Value Added (GVA) for every £1 spent, considerably exceeding nationwide benchmarks for worth for cash.
The report, produced by consultancy Mickledore and based mostly on 2024/25 efficiency, locations the company’s Benefit Cost Ratio at 14.3. This is properly above the UK authorities’s benchmark of two, with any rating above 4 categorized as delivering very excessive worth.
The findings present that 765 jobs have been created, supported or safeguarded via the company’s work, alongside help for 699 companies throughout the borough. In whole, £30.6 million in GVA was generated in a single 12 months, with this determine projected to succeed in round £131 million over 5 years. The company has additionally contributed £1.24 million in further earnings for Rochdale Borough Council via rental earnings, enterprise charges and council tax.
The report notes that Rochdale recorded the very best degree of job creation amongst comparable businesses and has improved its financial efficiency over the previous 5 years, regardless of wider nationwide and world challenges. It additionally highlights how the borough is outperforming areas with decrease ranges of deprivation, pointing to the effectiveness of a domestically led, place-based method.
Alongside measurable outputs, the evaluation recognises the company’s function in shaping long-term regeneration tasks together with Atom Valley, the Northern Gateway and the Sustainable Materials and Manufacturing Centre, in addition to wider work on the town centre regeneration, expertise growth and cultural programming.
Rachel Laver, Managing Director of Rochdale Development Agency, stated: “This impartial report highlights the energy of the platform the Rochdale Development Agency has constructed and the actual affect of well-designed, domestically led financial growth. Achieving a £14.30 return for every £1 invested displays the standard of the staff, the depth of our partnerships and a observe document of long-term dedication to Rochdale.
“But this isn’t nearly numbers. Over the previous 12 months, the borough’s rising confidence has been clearly demonstrated via Rochdale’s 12 months as Greater Manchester Town of Culture, which showcased our creativity, ambition and sense of place on a regional and nationwide stage, the city noticed 244 occasions supported by the RDA, attracted over 150,000 guests and boosted the native economic system by circa £5 million.
“Looking forward, the opening of the Sustainable Materials and Manufacturing Centre in Atom Valley represents a significant milestone. It will strengthen Rochdale’s function in superior manufacturing and innovation, help higher-value jobs and assist future-proof the native economic system.
“We are additionally excited to play a key function within the growth of Middleton and Northern Gateway via the Mayoral Development Corporations. These regeneration initiatives, spearheaded by Greater Manchester Combined Authority, will entice additional funding and jobs, and play a vital half sooner or later financial success of the borough.
“Together, these achievements provide a powerful foundation to build on, as we continue to focus on inclusive, sustainable growth that benefits people, place and prosperity, now and for the future.”
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