Ageing Better and GMCA share an ambitious goal to help many more people aged 50 and over stay in work and get into work.
Employment rates for people living in the North West of England are significantly worse than the English average and in Greater Manchester almost one in three of the region’s 50-64 year olds are not working.
It is estimated that boosting the number of people in work aged 50 years and over in the region to the all-age Greater Manchester average could increase Gross Value Added by as much as £901.6m.
Ageing Better and GMCA will start by developing and testing a new approach to supporting people aged 50 years and over re-enter the labour market. Being out of work in one’s 50s is a key risk factor for a poor later life; associated with poor health, financial insecurity and social isolation.
As well as benefiting the local economy, helping individuals to get back to work will give them a better chance of enjoying a good later life.
Ageing Better and GMCA will also work together to ensure that current and future housing meets the needs of an ageing population.