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!
‘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
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