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Leicester and Leicestershire Economic Recovery Strategy
Fiona Baker LLEP Head of Strategy and Engagement ESF Provider Forum June 2020 Email: fiona.baker@llep.org.uk / Tel. 0116 454 1550
Leicester and Leicestershire Economic Recovery Strategy Fiona Baker - - PowerPoint PPT Presentation
Leicester and Leicestershire Economic Recovery Strategy Fiona Baker - - PowerPoint PPT Presentation
Leicester and Leicestershire Economic Recovery Strategy Fiona Baker LLEP Head of Strategy and Engagement ESF Provider Forum June 2020 Email: fiona.baker@llep.org.uk / Tel. 0116 454 1550 Leicester and Leicestershire Economic Recovery Planning
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It’s complicated
Data lag … but multiplicity of predictive reports emerging Government support likely to delay ultimate impact Duration and nature of crisis is an unknown Unprecedented situation – unable to apply historic trends Wide variance in published best case / worst case scenarios Awaiting information on National Recovery Strategy
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Economic Recovery Strategy
Analyse economic shock Create short- term economic recovery plans Develop long term economic recovery strategy
Immediate & ongoing May – Dec Immediate & short-term May – Aug Longer term Jul - Dec
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Business Sectors – most vulnerable
Aviation
Automotive manufacturing (including parts supply chain)
Tourism Leisure and entertainment Hospitality Health Essential retail
Pharmaceuticals, healthcare equipment
Public administration Logistics
Business Sectors – least vulnerable
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Centre for Cities Sector Impact
Source: Centre for Cities
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Who will be most affected?
Those aged 18-24 Those in industries most at risk
(also most likely to be aged 18-24)
Those who cannot work from home Those without qualifications
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Claimant Count
2,190 2,950 5,125 6,110 8,585 16,215 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20
LLEP Claimant Count Age
LLEP Area 18-24 LLEP Area 25-49 LLEP Area 50+
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Activity to date
- Economic Recovery Cell up and running
- Business and Economic Intelligence Update issued fortnightly
- Over 80% of Leicester and Leicestershire eligible businesses have received Small
Business Grant Funding
- Business Support available through Business Gateway Growth Hub
– Webinars – One to one support
- District and Town Centre Recovery Plans in development (including night time
economy and safe shopping arrangements)
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Data and Intelligence
- Economic Analysis Group in process – will feed into MAIC (Multi-Agency Intelligence
Cell)
- Mapping of data sources
- Business and Economic Intelligence Update issued fortnightly and will incorporate:
– Claimant count – Job posting analytics – Monthly Growth Hub enquiry cumulative analysis – Business closures – Mobility analytics – Research summaries
- Data delivered at district level by default if available
- Methodology developed for forecast modelling GVA and job numbers
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Current and future analysis
- Leicester and Leicestershire Business Survey
- SERCO digital skills in the workplace
- Low carbon economy, goods and services
- Food and drink survey
- Forecast scenario modelling
- Sector impact analysis