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Towards a ‘Sub-National Growth Prospectus’ . Andrew Pritchard Director of Policy & Infrastructure . Introduction . Background Key Sectors Housing Growth Investment Corridors Investment Themes Any Questions? . £800 million investment in MML announced by DfT in July 2012 - PowerPoint PPT Presentation
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Towards a ‘Sub-National Growth Prospectus’
Andrew Pritchard Director of Policy & Infrastructure
Introduction
Background Key Sectors Housing Growth Investment Corridors Investment Themes Any Questions?
Some Good News!
£800 million investment in MML announced by DfT in July 2012
Councils, LEPs, MPs and businesses all singing the same song
Intervention of BIS in highlighting the direct and wider economic benefits was crucial
Some bad news! EM has lost out on
funding for affordable housing & regeneration since 2010
Government does not appear to recognise the potential of the EM (TAFKAAR)
Fragmented nature of the EM makes it difficult to articulate a case
A Sub-National Growth Prospectus
To set out a clear ‘growth offer’ to Government (via Nick Boles on the 15 Feb)
To provide a strategic context for LEPs and councils
To provide a basis for prioritising strategic infrastructure investment
To help inform future European programmes
And also…
To respond to the competition from London, Scotland and the ‘City Regions’
What might it look like?
Based on the EM - but not confined to traditional boundaries
Short (8-12 pages max) High level - but underpinned by robust
economic analysis with links to more detailed work where available
Setting our a clear and positive investment case – not a moan!
Methodology
Economic Narrative & Spatial Vision
Sector Priorities (BIS)
National Infrastructure
Plan (Treasury)
Locally Owned Housing Priorities
(Councils)
Strategic Infrastructure Priorities
‘Heartlands of Opportunity’
The eastern Midlands is the manufacturing heart of England and can make a major contribution to export-led growth
It is well placed to deliver against the Government’s housing growth and industrial priorities
Investing here will give a better return than in many other parts of England
Key Sectors
Manufacturing: M1 Corridor, Lincoln High Performance Technologies:
Derby/Nottingham, Northamptonshire Food & Drink: Lincolnshire, Melton, East
Northants Construction & Logistics: M1 Corridor Life Sciences: Nottingham, Leicester
Housing Growth Opportunities
Eastern Triangle (Lincoln/Newark/Grantham)
3 Cities (Derby/Leicester/Nottingham) Northamptonshire Arc (Northampton &
surrounding towns
East - West Investment Corridors
1: Humber Ports to West Midlands (A46/A38/ Grimsby-Birmingham Rail Corridor)
2: Haven Ports to West Midlands (A14/ Felix-Nun Rail Corridor)
3: South East to West Midlands (A5/WCML/HS2 Phase 1)
North - South Investment Corridors
4: South East – South Yorkshire (M25/M1/MML/HS2 phase 2)
5: South East to West Yorkshire (M25/A1/A14/ECML/HS2 Phase 2)
6. Exploiting Broadband
ICT is linked to improved business systems, e-commerce and design and innovation
Studies have confirmed that increased broadband penetration can have a significant (and quick) GVA uplift – plus 3.8% in East Midlands (£2.4 billion)
However it is clear that the market will not deliver super fast broadband to everyone – particularly in more rural areas and some deprived urban communities
7. Flood Resilience EM has the largest
proportion of land at risk of flooding (17%) of any region of England
Impact on food production and the dynamic urban economies
Insurance a key issue
8. Energy Resilience
EM is a net exporter of electricity However much of this is carbon based
(coal fired power stations in the Trent Valley)
De-carbonising the grid and improving energy efficiency key challenges
EM can help drive a national move towards a low carbon economy
9. Local Connectivity
The EM has always delivered a high proportion of England’s new housing
The are locally owned plans for significant levels of housing growth
Local connecting infrastructure is often a key constraint
Should the EM based LEPs get a greater share of the Growing Places fund as a result?
10. Building Local Capacity
There are a concentrations of local companies that are well placed to benefit from infrastructure investment
Developing a sub-national pipeline of infrastructure projects would give local companies a better chance to win contracts and build local supply chains
And finally…
…Any Questions?