Perfectly placed for business: LEP Strategic Economic Plan, Growth - - PowerPoint PPT Presentation
APPENDIX A Perfectly placed for business: LEP Strategic Economic Plan, Growth Deal update & next steps Neil Hayes 21 October 2014 The LEP One of 24 initially approved in 2010, 39 now in place Formal Board approval March 2012
APPENDIX A
30% 35% 40% 45% 50% 55% 60% 65% 70% 75%
Change in GVA per head, 1998-2011, per cent (Source: LEP Economies Report, 2013)
Hertfordshire London GC-GP
Our Vision:
By 2030, Hertfordshire will be the leading economy at the heart of the UK‟s Golden Triangle
Priority 1:
Nurturing science-based enterprise and innovation
Priority 2:
Harnessing our relationships with London
Priority 3:
Re-invigorating vibrant towns for the 21st Century
Our Guiding Principle:
Growing smartly as a perfect place for business
15-20 year Vision & Strategy: 3- 5 Year delivery plan
EU
Investment Strategy £60m
Single
Local Growth Fund £200m
Local Funds HE/FE, LA, LEP Private (TBC)
– Responding to London‟s Economic Plan – (HS2/Cross Rail) – Developing the Film & Media Sector – Cross boundary town centre regeneration programme
M1/M25 A1(M) A10/M11
Format/ LEP Role
National /External challenges/opportunities affecting the Herts economy
Influence of London economy – London Plan Crossrail HS2 New town & garden city regeneration Bioscience Stansted Food production/security Rural issues Crossrail 2 Cambridge growth plans LSCC Bi-annual multi stakeholder events LEP to co-ordinate
Cross border potential growth locations
Gorhambury (housing/employment – east of Hemel) Town Centre Futures (S. Oxhey, Borehamwood etc ) Gilston /Harlow LA led LEP to facilitate discussions, commission studies, lobby for investment
Jobs and Homes (key sites and infrastructure)
Radlett Rail Freight Depot Watford Junction North Herts Strategic Sites Influence of Luton and Luton Airport Welwyn Garden City Hatfield Stevenage A1(M) East Coast Main Line Bishops Stortford Greater Brookfield Park Plaza A10 Royston Ware Hertford Predominantly LA-led using existing structures where necessary LEP to facilitate discussions, commission studies, lobby for investment Sector support and skills Environmental Technologies Creative and media Financial Services Logistics Bioscience Advanced Manufacturing (Space) ? Predominantly Business-led groupings LEP to establish (where needed) groups support & bid for funds for activities SLGF and GPF Projects EUSIF projects (to be identified) Croxley Rail Link Watford Health Campus Watford Business Park South Oxhey Elstree Studios Hemel Hempstead Town Centre Hemel Hempstead – Maylands Hemel Hempstead – West Herts College Rothamsted Stevenage Town Centre Little Hadham By Pass (A120) A602 improvements Rail Accessibility Improvements Broxbourne Enterprise Centre Broadband (maybe more of an issue due to rural nature) Annual reporting of SLGF and EUSIF funded projects and determination of new projects Across each Growth Area Forum Route Based Strategies (investment plans) Influencing Network Rail‟s investment plans from 2021 (they start the process in 2015) LTP 4 Vision Business Incubation Skills Inward Investment Tourism Updating Employment Floorspace
Local Growth Fund breakdown (£M) Funding for 2015/16 20.9 Funding 2016 – 2021 125.93 Previously committed Local Growth Deal Funding 52.21 Total 199.04 EUSIF (2015-2010) ESF (skills) 30 ERDF (innovation/enterprise) 30 Total 60
SLGF (£m)
2015/16
Croxley Rail Link 4 A1(M) Growth Area Forum/Stevenage 2 M11/A10 Growth Area Forum 0.2 M1/M25 Growth Area Forum 0.25 Broxbourne Enterprise 1.8 Bioscience Catalyst 3 A1(M) Transport Package 1.3 M11/A10 Transport package 4.68 Daniel Hall, Rothamsted 0.5 West Herts College 3 M1/M25 Transport package 0.17 TOTAL
20.9
Growth Hub (tbc)
0.035
GRAND TOTAL 20.935
– Call for projects – September 2014 – First draft to Government – November 2014 – Final submission – December 2014