What does Timaru District in 2050 look like to you?
Higher paid jobs, increased productivity, and an enviable quality of life for all that live here - it might sound too good to be true, yet Venture Timaru says this needs to be a reality for our district by 2050.
Venture Timaru commissioned economist Benje Patterson of People and Places to project where the district could be by 2050.
The report, “Scenarios of an aspirational economic future for Timaru District”, looks at current trends around four key economic indicators - gross domestic product (GDP), job numbers, population growth and productivity - and assesses what the district would look like in 2050 if the status quo remains versus the hypothetical “a bit more” and “much better” scenarios.
The report describes the “much better” scenario as the most “ambitious and transformational”, with employment increasing by 16,500 jobs and the district’s GDP could nearly triple.
In reality this could mean:
- Attracting more than 1000 people per year to the district to reach a population of up to 75,000.
- The population growth would result in the need for up to 1500 more health and social assistance workers.
- More housing developments with potentially 9000 new houses built
- Bigger schools and 200-300 more classrooms.
The population growth would offer new opportunities including breaking into new industries and markets, which will lead to more and higher-paying jobs.
Under the “much better” scenario Timaru’s economy could be worth $9.1 billion which is almost triple the current size.
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