Resilient Scotland: Social Investment event Edinburgh Economic Strategy Ken Shaw Head of Employability & Skills Economic Development Service 5 th September.

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Presentation transcript:

Resilient Scotland: Social Investment event Edinburgh Economic Strategy Ken Shaw Head of Employability & Skills Economic Development Service 5 th September 2013

EDINBURGH’S ECONOMIC VISION A confident, creative…city, powering growth and jobs…. …draws talent and investment from around the world. …public, private and third sectors collaborate with common purpose. …which puts the people of Edinburgh at the heart of success

STRATEGIC THEMES AND KPI’s Invest in the city’s development and regeneration + Support inward investment + Support businesses + Help unemployed people into work or learning 2012 – 2017 GOAL of Sustainable Growth Creation or safeguarding of 20,000 jobs £1.3 Billion of Investment Support 10,000 people into work or learning

THE CHALLENGES How do we attract new investment in a highly competitive world? How do we realise the untapped growth potential of small and micro business? How do we ensure job growth benefits the citizens of Edinburgh? How do we tackle the financial uncertainties?

INVESTMENT & DEVELOPMENT Infrastructure Development Priority Investment Zones Business Improvement Districts Attracting Investment Active promotion of city to investors and aftercare support Support clustering between new investors to add value

HELPING BUSINESS AND UNEMPLOYED Making it easier to do Business £1.5 million additional resource for company growth and supporting development of Social Enterprise Specialist HR Business Support and integration of key services Edinburgh Guarantee Edinburgh Guarantee and Skills Pipeline City partnership to increase youth employment Collaborative development between partners to improve service integration and sustained outcomes

MAKING A DIFFERENCE Economic Development delivered (Mar 2013) –610 jobs (net) created and 2,327 supported into work –£82.06 million of physical investment Since 2011, school leaver positive destinations increased from 83.1% to 89.8% Best large European city for foreign direct investment (Financial Times 2012/13)

The Economic Strategy is owned by everyone… It is for the benefit of our people and businesses… Leadership and collaboration are essential to driving progress… The pace of change means we need to innovate… FINAL THOUGHTS

ECONOMIC DEVELOPMENT SERVICE Greg Ward Head of Economic Development Ken Shaw Employability & Skills Jim Galloway Enterprise & Innovation Elaine Ballantyne Investor Relations Steve McGavin Business Partnerships Lesley Martin Sustainable Economy Alison Muckersie Strategic Partnerships