West Midlands Industrial Strategy May June 2018 For use by WMCA - PowerPoint PPT Presentation

West Midlands Industrial Strategy May – June 2018 For use by WMCA Environment Board Members and their networks – 8/6/18

West Midlands Renaissance Unrivalled connectivity 90% of the UK’s market within four hours. • HS2 London to within 45 minutes. • Major part of the UK economy: the largest Combined Authority economy, £87.5bn GVA and 20% growth in the last 5 years. 215,000 more homes, 500,000 more jobs, connected by large scale investment in transport and connectivity. Our cities are built on industry and they are now perfectly positioned for the future. We are a region built on social The future of Britain. The youngest population outside connection, on collaboration. London, with over 30% under 25. A high-tech, three-city region – the birthplace of the Our city centres are thriving – supported by massive industrial revolution, and now the UK of the 21 st century. investment, and the legacy of the 2022 Commonwealth Games and 2021 City of Culture that is ours to build. The West Midlands is on a mission to deliver. Opportunity to integrate large scale investment and maximise impact We have 12 Universities teaching 65,000 graduates every year. Over 70% of college leavers who live here return to work here.

Delivery Journey Creation of Publish WM WMGC Skills Plan WM Mental Health and Productivity Commonwealth City of HS2 Phase 1 WMCA WM Land & Skills Games, construction Culture, Statement of Commission Commission Housing Deal Birmingham starts Intent launch launch Coventry 2021 2015 2016 2017 2018 2022 2026 Midlands WMCA HS2 Phase 1 Creation of WMCA Devo WMCA Devo Engine & Shared Prosperity Fund Industrial passenger TfWM Deal 2 Deal 1 Midlands Strategy service Connect commences launch Creation of WMCA Election of Mayor WMCA SEP

The UK Industrial Strategy What does the Industrial Strategy do? Five ‘foundations of productivity’- with policies and funding aligned to each • Four ‘grand challenges’ as our potential ‘growth industries of the future’ • Ask for Local Industrial Strategies by 2019, led by Mayor • What doesn’t it do? Second-guess local strategies - this is an opportunity • Offer much more than a high level framework • Provide a blueprint for the productivity puzzle • Provide a UK response to Brexit •

What are trying to achieve? Mayor, LA Leaders and LEP Chairs have agreed overall approach. Strategy development will be led by the SEP Board and signed off by CA board. Co-designed with business partners. CA and LEPs joint project team. 5 principles: 1. Uniquely of the West Midlands – Precise about specific specialisms and opportunities (e.g. not just “Life Sciences”, but “Health Diagnostics, Overall Aim: Devices and Testing” and action focussed for each. 2. Focus on impact (e.g. how do we maximize innovation impact on the Drive continued business growth and value chain, where are there new or unconnected supply chains e.g. productivity improvements across the West digital and mobility). Midlands, in way that ensures all our residents 3. Be explicit about how we will create the conditions for inclusive growth and communities feel the benefits. and productivity. 4. Be bold about our investment in human capital – as both the single biggest driver of growth and an area in which the WM is innovating around skills, leadership, mobility and inclusion. 5. Build on existing LEP and CA strategies. Not start all over again……

West Midlands Industrial Strategy on a page Sector actions plans - prioritising specific specialisms Comments from WMCA Environment Board -23/5/18 Advanced manufacturing Construction Low carbon Professional Logistics / technology transport technology Food & Aerospace sciences Automotive Creative Metals & services materials Drink Life Rail Offsite modern Devices Battery Full Specific manufacturing Diagnostics New development services Under development Energy component trials Land mobility Drive train sector manufacturing remediation Data testing CAV Skills Regional Skills Plan Increase wage levels Innovation WMCA Innovation Board Inclusive Improve activity levels Digital WMCA Digital Board Growth Progression Rates And Trade & Investment West Midlands Growth Company Investment Strategy Clean Growth Housing Delivery and Employment Land Housing Deal, housing package, Employment land study Access to employment Energy Regional Energy Strategy, Energy Capital Resource productivity – materials, energy, carbon, water, air HS2 Connectivity Package, Freight Strategy, Bus Alliance, West Midlands Mobility/ Transport Rail, CAV, Midland Metro Extensions, Swift Improved places – natural capital Brexit Collating regional Brexit assessments

Sector Action Plans Sector Action Plans will be the culmination of Snapshot of Life Sciences Action Plan early thinking… research, analysis, input from experts, academia Identifies the region’s comparative advantages and competitive and led by business. strengths for the design, development and manufacture, testing and prototyping of complex medical device and They will be authoritative sources on the actions diagnostic products and services. and investments required to unlock productivity growth and future opportunities for the sector in The action plan is intended to unlock the potential of these the West Midlands. comparative regional strengths and the region’s clinical, academic and industrial capabilities including so that the West First drafts of BPFS, life sciences, automotive, • Midlands can play a lead role in developing the technologies and industries needed to address the Industrial Strategy Grand aerospace, metals & materials, construction and Challenges of ‘AI and Data Economy’ and an ‘Ageing Society’. creative by end of May. Identifies four pillars of intervention around FDI, skills, Co-designed with BEIS sequentially building on • enterprise and innovation. learnings and connecting with National sector teams. E.g. Cluster development around Birmingham Science Park, investment community for life sciences including one or more large Patient Capital Funds and Angel Investors

Driven by evidence 2a 1a 3 4 5 Collated evidence base 18 months of policy development in Mapping existing Economy overview • WMCA evidence Sector detail • 1b 2b Land Commission Sector Action Plan Review of Mental Health Commission Logic Review by Sector Action Plans development evidence gaps Productivity and Skills Commission chain Independent Panel Leadership Commission 2c Each overseen by an independent Grand Challenges panel of experts, academics and opportunity spaces industry leaders Is this right in the What does the What are What is the What What do we know about eyes of industry, data tell us the sector- case for improvements these specific cross-cutting academia and about our based issues intervention? can we make? sector input? economy? actions?

‘Grand Challenges’ The Industrial Strategy will include the WM response to the Grand Challenges – developed with universities and businesses. Artificial Clean Growth Mobility Ageing Society Intelligence • Maximising locally the global •On the cusp of a profound change • Harnessing the power of shift to cleaner growth in how we move people, goods innovation to meet the needs of • Industry in its own right and a and services ageing society • Industries to be transformed; key enabler across sectors (e.g. •Driven by engineering innovation, automotive, construction and • Ageing populations will create in high value manufacturing much of which taking place in the aerospace supply chains need to new demands for technologies, (HWM)) WM adapt products and services • Can create good quality jobs & •Opportunity to reduce congestion • Benefits on wider society – • Strong and growing health/life drive up productivity across & thus improve productivity accelerate recent WMCA decline sciences assets in WM • Full factory automation and data •Local supply chains need to be fit in carbon emissions: reduced by analysis can make factories up for mobility shifts 25% (2013-14) to 50% more efficient, and •WM central to this - recent award • £220m Clean Air Fund will be WMCA has very high proportion of £31m to create testing open to LAs, with £400m on of HVM infrastructure for CAV Charging Infrastructure • Govt investing over £75m on AI