THE IMPACT OF TOYOTA ON DERBYSHIRES LOCAL ECONOMY AND LABOR-MARKET

Many localities are aware of the need to attract inward investment, Th is article examines the impact of Toyota's pound 700 million investmen t in Derbyshire. It investigates its direct and indirect employment ef fects. The article attempts to go beyond the predominantly quantitativ e approach adopted in previous studies by examining the characteristic s of the new jobs at Toyota, and those who secure them. In addition, t he nature of supplier likages and multiplier effects is investigated t o analyse secondary effects. Whilst approximately 3,000 jobs will be d irectly created by Toyota, there may be some disruptive effects in the local labour market, Furthermore, the potential for employment throug h supplier linkages and multiplier effects has not yet been maximised, although it is possible that these may materialise in the longer term . Discussion of these factors clearly highlights the fact that the att raction of inward investment is only the first stage in the process of significant job creation.