Presentation to Kent County Council 21 January 2015 Paul Wookey - - PowerPoint PPT Presentation

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Jan 13, 2023 271 likes •468 views

Presentation to Kent County Council 21 January 2015 Paul Wookey Chief Executive, Locate in Kent www.locateinkent.com Presentation content Role Relationship with Kent County Council 2014/15- 50 income sources (budget 1 million)

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www.locateinkent.com

Presentation to Kent County Council

21 January 2015

Paul Wookey Chief Executive, Locate in Kent

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Presentation content

Role
Relationship with Kent County Council
2014/15- 50 income sources (budget £1

million)

Job targets + Progress in past 9 months

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Progress - first 9 months of current contract

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The Locate in Kent pipeline

37 101 192 84 281 147 26 126 50 100 150 200 250 300 Successes 2014-15 Investment visits 2014-15 UK projects FDI projects Active Projects New Projects 2014 -15 Dormants 2014-15 Deads 2014-15

LiK pipeline progress December 2014

2213 263.2 526.4 789.6 1052.8 1316 1579.2 1842.4 2105.6 2368.8 2632 Target Jobs 2014-15

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Jobs : April-December 2014

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Jobs created by Locate in Kent, 2012 - 2014

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Total jobs analysis

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Jobs in target areas April –December 2014

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High growth sector jobs April –December 2014

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Knowledge based jobs April-December 2014

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Cost per job, April-December 2014

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Potential job creation 2014-15

2014-15 End of Year projection based on “A” classified Projects

B Projects 8,471 jobs, 47% C Projects 7,408 jobs 41% New 1,055 48% Retained 828 37%

Indirect 338 15% A Projects 2,221 jobs, 12%

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Some conclusions

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CONNECTIVITY - Access to

market, especially the continent and the south-east

COST - Lower costs than

London/SE; Access to RGF funding not available elsewhere in the south-east ; UK Fiscal environment (Corporation tax; R+D Tax credits; Patent Box)

SKILLS - access to

workforce/flexible labour laws

PERCEPTION - Quality of life

Why companies invest in Kent

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Important to track national trends – ensure Kent is not

behind the curve – UKTI links important

Life sciences and low carbon beginning to fall down the

UKTI league table – business and financial services, ICT – digital industries, etc rising up the table.

Sector Trends

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Potential Game changers?

Challenges:

LEP’s – becoming more active and aggressive = competition
Confidence/uncertainty General Election: ‘eurozone’ difficulties, etc
Access to funding (also an opportunity)
Recruitment - skills
Property availability - funding commercial development
Complacency

Opportunities:

Paramount/Garden City – stimulate demand and raise profile
Life science/low-carbon/agri-tech/manufacturing offers still strong
Connectivity – ‘European Gateway’ + proximity to London
Tightening market in London
Developing ‘Kent Life Science Network ‘
Ability for LiK to access new EU funds and develop new collaborative partnerships

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Thank you Questions?

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Locate in Kent involvement in RGF Funding

LiK Company Referrals ExEK 345 TIGER 46 Escalate 18 Narec 10 Total 387 LiK Successes New to Kent 9 Expansion within Kent 19 FDI New to Kent 4 FDI Expansion within Kent 3 Total 35 Successful Awards Value of Successful Awards Jobs from Successful Awards Total LiK LiK % Total (£) LiK (£) LiK % Total LiK LiK % ExEK 61 25 41% £20,699,806 £15,238,825 74% 2,396 997 42% TIGER 37 5 14% £10,675,249 £712,247 7% 1,255 338 27% Escalate 22 5 23% £3,441,009 £1,734,750 50% 353 132 37% Narec £0 £0 Total 120 35 29% £34,816,064 £17,685,822 50% 4,004 1,467 37%