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The Midlands LEPs Growth Strategies David Jarvis & Jennifer Ferreira 20th June 2014.

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Presentation on theme: "The Midlands LEPs Growth Strategies David Jarvis & Jennifer Ferreira 20th June 2014."— Presentation transcript:

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3 The Midlands LEPs Growth Strategies David Jarvis & Jennifer Ferreira 20th June 2014

4 1.The ‘Midlands’: An economic pole 2.Strategies for growth 3.Supra-LEP activity 4.The benefit of an ‘imagined geography’ 4

5 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ Text Box 5 The Midlands as % of England Population (2013) GVA (2012) Export trade (2012) Expenditure on R&D within businesses (2012) Employment Aged 16+ (Feb. 2014) Qualifications: NVQ 4 and above (2013) 15.52

6 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 6 West Midlands experienced the largest percentage increase in exports between 2010 and 2013 (19.3%) of any English region Compares to overall declines over the same period in the North West, London and the South East Top export partners by value West Midlands: China, USA, Germany, France, Netherlands East Midlands: USA, Germany, Belgium, Singapore, Ireland

7 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 7 Source: E&Y UK Attractiveness Survey (2014)

8 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 8 Employment created through FDI 2012 (Percentage of total for England) Source: E&Y UK Attractiveness Survey (2014)

9 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 9 West Midlands Greater Birmingham & Solihull Coventry & Warwickshire Stoke on Trent & Staffordshire The Black Country The Marches Worcestershire East Midlands Derby, Derbyshire, Nottingham and Nottinghamshire Greater Lincolnshire Leicester and Leicestershire Northamptonshire South East Midlands Greater Cambridgeshire and Peterborough Sheffield City Region

10 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 10 Enterprise deaths net change was between and 1.2% compared to a England average of 1.5% Highest enterprise births in South East Midlands: 7,360 Highest Enterprise deaths in Greater Birmingham and Solihull: 6,725

11 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 11

12 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 12

13 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 13 Huge variation in the nature, length and thoroughness of strategic economic plans There is a need for greater emphasis on long term economic sustainability and resilience to work alongside the immediate demand for rapid productivity gains Differentiation, but still all focusing on the same themes….

14 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 14 West Midlands LEPs BusinessPeoplePlace Innovation and R&D Stimulating Business Entrepreneurship Skills & Workforce Development Employability Social Inclusion Rural Town centres Sites and Premises Housing Transport Place promotion Infrastructure Black Country Coventry and Warwickshire Greater Birmingham & Solihull ? Marches Stoke-on-Trent and Staffordshire Worcestershire

15 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 15 East Midlands LEP BusinessPeoplePlace Innovation and R&D Stimulating Business Entrepreneurship Skills & Workforce Development Employability Social Inclusion Rural Town centres Sites and Premises Housing Transport Place promotion Infrastructure Derby, Derbyshire, Nottingham and Nottinghamshire Greater Cambridge and Peterborough Greater Lincolnshire Leicester and Leicestershire Northamptonshire Sheffield City Region South East Midlands

16 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 16 All except The Marches and Greater Lincolnshire cite the importance of maximising the benefit of HS2 –Seen as a catalyst for physical regeneration –Potential to transform connectivity of the region. Other transport based growth aims: – East Midlands Gateway Rail Freight Interchange - a 250 acre distribution and logistics development alongside East Midlands Airport and the M1. – Spalding Rail Freight Hub -infrastructure investment to facilitate the development of a 60 hectare rail freight interchange at Deeping Fen to support further growth of food processing.

17 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 17 Is there any advantage to the strategic co-ordination of some economic functions / policy interventions East-West? ‘Think Midlands’ could involve co-operation at supra-LEP scale around a set of ‘value-chain’ activities. For example: –Infrastructure (HS2, regional airports) –Clusters and value chains (MAA; AMSCI; Formula E) –Labour markets (challenge of engineering) –Global inward investment brand

18 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 18 An example of actual potential… The Midlands Aerospace Alliance was formed in 2003 to support and represent the aerospace industry across the Midlands region Share knowledge and information – To improve the market and business support opportunities of members Deliver support programmes to members – To directly improve the performance of our individual members Lead coordination of shared strategy – To ensure that the Midlands voice is fully represented in the formation of national aerospace strategies and programmes

19 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 19 An example of immanent potential… Formula E is a new FIA single-seater championship and the world's first fully-electric racing series A vision for the future of the motor industry, a framework for R&D and a way of accelerating interest in Low carbon vehicles All ten teams will be based at, and develop the cars from, a base at the Donington Park circuit in Leicestershire The value of the Formula E supply chain will be between £30m-£50m by 2015 with benefits extending to advanced manufacturing companies across the East and West Midlands

20 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 20 Northern Economic Futures Framework for Growth 12 point plan for Northern economic growth Establishes a more coherent Northern voice Greater ‘Policy traction’ through a Midlands mind-set ?

21 The ‘Midlands’: An economic pole Strategies for growthSupra-LEP activity The benefit of an ‘imagined geography’ 21 Forum 48 - placing the Midlands alongside core regions globally Solutions for cities, universities, businesses and place-makers to collaborate more intelligently This partnership is the foundation of their global competitive advantage

22 The Midlands LEPs: East meets West? 22

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