towards a ‘sub-national growth prospectus’

Towards a ‘Sub-National Growth Prospectus’

Andrew Pritchard Director of Policy & Infrastructure

Introduction

Background Key Sectors Housing Growth Investment Corridors Investment Themes Any Questions?

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!

Methodology

Economic Narrative & Spatial Vision

Sector Priorities (BIS)

National Infrastructure

Plan (Treasury)

Locally Owned Housing Priorities

(Councils)

Strategic Infrastructure Priorities

‘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

Housing Growth Opportunities

Eastern Triangle (Lincoln/Newark/Grantham)

3 Cities (Derby/Leicester/Nottingham) Northamptonshire Arc (Northampton &

surrounding towns

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

And finally…

…Any Questions?