1. GRAHAM HAYWOOD
CUMBRIA LEP DIRECTOR

2. STRATEGIC ECONOMIC PLAN PRIORITIES
Nuclear and Energy Excellence
Advanced Manufacturing
Rural and Visitor Economy
M6 Strategic Connectivity

3. “NEW WORLD” BREXIT INDUSTRIAL STRATEGY LOSS OF EU FUNDINGTO CUMBRIA
FUTURE CURRENCY LEVELS

4. OPPS NUCLEAR & ENERGY -- Global Capability/ Key Energy Assets
-- Foreign Investment/ Supply Chain
ADVANCE MANUFACTURING
-- Currency Exchange/ Export Benefits
-- UK Self - Dependency

5. RURAL
Move to less imports more home grown high quality products. Look to more added value within Cumbria.
VISITOR
- Currency Exchange/ Attract International
Visitors / Global Products / World Heritage
Sites.

6. THREATS LABOUR SUPPLY / SKILLS CURRENCY EXCHANGE INCREASES IMPORT COST
LOSS OF EU FUNDS – NOT REPLACED BY UK FUNDS OR DISTRIBUTED DIFFERENTLY TO CUMBRIAS DISADVANTAGE
LESS ATTRACTIVE TO NON-UK INVESTORS WANTING TO HAVE “FOOTHOLD” IN EU

7. SO?
Refresh Cumbria SEP – to reflect new and emerging Government policies and post BREXIT economic funds
Work with Sectors to maximise OPPS and minimise the threats/risks
Continue to press on with improvements to Economic Infrastructure – Roads, Rail, Ports/Airports, Digital; Skills; Science and Innovation; Housing that directly support our strong Sectors
Collaborate with other areas – Borderlands, LEP’s across the Northern Powerhouse and across specialist sectors (Nuclear New Build – Advanced Manufacturing)