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Public sector support for innovation in a regional context:
The Kent experience
Ross Gill 3 July 2010
Overview
• The Kent economy and the innovation imperative
• Current innovation policy...• ... And actions under way• The changing policy landscape• Future challenges for Kent
Kent in context
The regional advantage
Kent’s economic gap: GVA per head
New business: VAT registrations
Why innovation?
“The successful exploitation of new ideas”- SEEDA, Leadership for Innovation, 2009
“In the future, regional innovation policy will be potentially more important: and certainly
more difficult”- Dr Paul Nightingale, University of Sussex
Current regional policy
Current national goal: “A global leader in innovation and a magnet
for innovative businesses”• Targets to increase expenditure on R&D• Increasing turnover attributable to new
products• Increased emphasis on university-business
collaboration
But...
Key pillars of a strategic approach
• Support: The Innovation and Growth Team• Space: Premises for growing business• Sectors: Low carbon and creativity• Skills: Bridging the skills gap; releasing
potential
Support
• Focusing on high growth firms, from start-ups to large corporations
• Locally based: understanding the area, local networks and the market
• Linked with wider support infrastructure
Space
Sectors
Skills
% of workforce qualified to NVQ4+
The changing political economy
Some questions...
• From your perspective, where do you think our efforts should be?...
• Does innovation policy work at local level – or should we look bigger?...
• How can we best work with expert knowledge to get the upstream evidence downstream into delivery?
Thank you!
Ross GillEconomic Strategy & Policy Manager
Kent County [email protected]+44 (0)1622 221312+44 (0)7837 872705