Leicestershire, a place with no boundaries Prospect Leicestershire Briefing charnwoodtogether September 30 th, 2009

2www.prospectleicestershire.co.uk

3 Contents 1. Why we are here 2. Strategy formulation 3. About Prospect Leicestershire 4. Our focus Regeneration Supporting sustainable growth Business enterprise 5. Sub-regional communications 6. Cross-cutting shared services 7. Priorities and challenges

4www.prospectleicestershire.co.uk Why we are here Unique alliance between city and county with districts Multi Area Agreement ‘Joining Up’ New structure for strategy and delivery Unites regeneration, inward investment and enterprise Colton Square, New Business Quarter

5www.prospectleicestershire.co.uk Multi Area Agreement ‘In 2020 Leicester and Leicestershire aspire to have a prosperous, enterprising and dynamic economy, characterised by innovative businesses and creative people, attractive places and sustainable communities.’

6www.prospectleicestershire.co.uk Strategy formulation Leadership Board serviced by strategy and policy groups – through Coordination Group Housing, infrastructure and planning Transport Business and Enterprise Employment and Skills Rural Partnership

7www.prospectleicestershire.co.uk Leadership Board Co-ordination Group Employment & Skills Board Business & Enterprise Group Transport GroupHousing, Planning & Infrastructure Group Leicestershire Rural Partnership Support Unit Economic Development Company Local AuthoritiesOther Partner agencies Projects NGP Project Board WNF Programme Board ERDF Project Board LRP Sub-Group Strategic Appraisal Technical appraisal and shortlisting Recommend for approval

8www.prospectleicestershire.co.uk Strategy formulation Leadership Board agrees strategy for sustainable economic development Leadership Board directs investment from local, regional and national funds Leadership Board commissions projects to be delivered by Prospect Leicestershire

9www.prospectleicestershire.co.uk About Prospect Leicestershire Founding members City and County Accountable to Leadership Board Seven private, five public sector – HCA and Emda observers £1.2m pa running costs - City, County, Districts, Emda, HCA £15-40m pa capital from public sector sources Company limited by guarantee

10www.prospectleicestershire.co.uk Prospect Leicestershire’s focus Our delivery focus is: Regeneration Supporting sustainable economic growth Business enterprise

11www.prospectleicestershire.co.uk The ‘No Boundaries’ proposition Unique city/county partnership gives us a new edge in the inward investment market Joined up = easier to do business Political alliance = more confidence in stability ‘No Boundaries’ - external proposition but also internal challenge Used as rallying call to private sector Still room to do more…

12www.prospectleicestershire.co.uk Prospect Leicestershire’s focus Our delivery focus is: Regeneration Supporting sustainable economic growth Business enterprise

13www.prospectleicestershire.co.uk Regeneration City centre master plan refresh -Retail circuit -New Business Quarter & Science Park -Abbey Meadows housing -Waterside & St George’s North

14www.prospectleicestershire.co.uk Regeneration Leicester Business Gateway -Combines Station Improvement & NBQ -Creates superb new gateway to city -Transforms station entrance/ creates new piazza -New booking hall, ticket office, passenger facilities -Refurbished historic entrance, better taxi, cycle access -Improved bus integration and information systems -New hotel and residential tower -50,000sq m new offices – 4,000 jobs

15www.prospectleicestershire.co.uk Regeneration Leicester Cultural Quarter -Most challenging area/Needs ‘fine grain approach’ -Preparing development strategy -Potential for creative industries ‘hub’ sparked by major public projects – Depot, Curve, Phoenix Square -Encourage workspace supply for creative business -Improve public realm and linkages to rest of city -Improve signposting and develop quarter identity

16www.prospectleicestershire.co.uk Regeneration Leicester Waterside -50 hectares to NW of city centre -Cut off by ring road. Derelict, vacant, under-occupied -Vision is comprehensive residential-led, mixed-use regeneration to create vibrant new city neighbourhood -Reunite city centre with the river and surrounding residential areas -Increase use of river -Improve appearance of area as a gateway to Leicester

17www.prospectleicestershire.co.uk Regeneration Wolsey Island -Major component of Abbey Meadows regeneration -Potential for up to 1,800 homes -Links Science Park and BUSM sites -High potential site between River Soar and Grand Union Canal -Area will be transformed into sustainable residential community, range of new homes, foot and cycle bridges

18www.prospectleicestershire.co.uk Regeneration Market Town regeneration opportunities -Preliminary meetings held -Significant enthusiasm for Prospect Leicestershire to help with identifying and unlocking regeneration opportunities -Loughborough, Coalville – immediate priorities -Hinckley, Melton – being worked up -Housing, Planning and Infrastructure sub group has key role -Resources needed to support developments

19www.prospectleicestershire.co.uk Prospect Leicestershire’s focus Our delivery focus is: Regeneration Supporting sustainable economic growth Business enterprise

20www.prospectleicestershire.co.uk Supporting sustainable economic growth Joint employment land and workspace investment plan and programme -City and county lack adequate land and workspace -Public funds not enough to address gaps -Public sector must get more proactive to address issues -Prospect Leicestershire commissioned to lead partners in five-year programme –Increase choice of land and workspace –Enable firms to reduce CO2 emissions –Provide better estate management service for business occupiers –Grow partners’ capital assets and revenue income –Act as direct developer as necessary Shared services approach Bringing forward employment land to meet future need

21www.prospectleicestershire.co.uk Supporting sustainable economic growth High added-value business support services -Prospect Leicestershire commissioned to lead study to identify needs of firms in science and technology and creative sectors -Plan to meet priority needs -Create proposal for innovation hubs for support, incubation and growth -Leicester (creative industries) Loughborough (science and technology) -Universities as key partners

22www.prospectleicestershire.co.uk Supporting sustainable economic growth Team to support Sustainable Urban Extensions -Prospect Leicestershire commissioned to create peripatetic team for planning and delivery of the five SUEs – providing total 25,000 homes across sub region -Core team also able to draw on consultants -Flexible and cost-effective solution -Coordinated by Hpig group -Accountable to local authorities as planning bodies -Kitemarked for best practice -WHERE ARE THE PRIORITIES FOR HOUSING GROWTH?

23www.prospectleicestershire.co.uk Supporting sustainable economic growth Leicester Science/Innovation Park -On sites either side of National Space Centre -Phase 1 – 40,000 sq ft – 530 new jobs over 10 years -City council acting as lead body -Prospect Leicestershire advising, assisting with funding applications and pushing delivery

24www.prospectleicestershire.co.uk Supporting sustainable economic growth Market Harborough innovation centre -Creates 30,000 sq ft of incubation and grow-on space in environs of town centre -Prospect Leicestershire has guided site selection -Prospect Leicestershire to act as agent -Funding application submitted

25www.prospectleicestershire.co.uk Prospect Leicestershire’s focus Our delivery focus is: Regeneration Supporting sustainable economic growth Business enterprise

26www.prospectleicestershire.co.uk Business enterprise Inward investment project Raise awareness of Leicester and Leicestershire offer Develop ‘No Boundaries’ proposition Confirm and refine sector opportunities and target messages through research Identify and develop marketing channels Target key sectors with sector-specific marketing messages Launch Advocates programme Build relationships with overseas contacts Upgrade/replace our CRM system. Maintain relationships with strategic local businesses and develop new relationships, providing our support for their intelligence

27www.prospectleicestershire.co.uk Inward investment University initiatives -3U4B – successful brand to be extended and developed. Pharmaceutical seminar November. Creative Feb Bespoke resource scoping project to improve university liaison with all private sector partners -Developing campus plans with all three universities

28www.prospectleicestershire.co.uk Sub-regional communications Tell the best-possible story about the new way of determining and delivering economic strategy Prepare project matrix – funding decisions, milestones, outcomes etc Identify lead organisation for each project Agree programme of media releases Develop media protocols Another ‘first’ for sub region

29www.prospectleicestershire.co.uk Cross-cutting shared services Partnership hubs potential Property asset management – first stages Prospect is prime example for economic development shared services – can we go further?

30www.prospectleicestershire.co.uk Priorities Important to strike balance between city centre and county initiatives Balance between physical regeneration, inward investment and any potential business enterprise initiatives (awaiting strategy) Future proof priorities to reflect partnership aspirations

31www.prospectleicestershire.co.uk Opportunities / Priorities for Charnwood 1. Facilitating Regeneration and Development Opportunities in Loughborough Town Centre particularly; Eastern gateway Development Sites along inner relief Longer term priorities to strengthen the retail core/circuit Regeneration priority sites around Moor lane and Grand Central Delivery of options for Sustainable Urban Extensions

32www.prospectleicestershire.co.uk Opportunities / Priorities for Charnwood 2. Working with Loughborough University Science Park Olympics and other major events 3. Promoting Charnwood - Inward Investment and Place Marketing Propositions

Leicestershire, a place with no boundaries Prospect Leicestershire Briefing – any questions? 30 September, 2009