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Derby County Council

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Growth Investment Event

Growth Investment Event
Financing Growth Business
17 May 2012

Derby County Council presentation

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  • Alan (1 min)
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  • Alan (1 min) At the heart of the UKs rail and motorway network
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  • Alan (2 mins) Handover to Catherine
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Derby County Council Derby County Council Presentation Transcript

  • Investing in Growth BusinessesDerby’s Regional Growth Fund Programme Alan Smith / Catherine Williams 17 May 2012
  • Contents2. Global Technology Cluster3. Innovation Campus4. Rail Technology Centre5. Lightspeed Evolution6. Enterprise Growth Fund7. Next Steps8. Questions
  • Global Technology Cluster - Visionand ObjectivesManufacturing-focused Innovation & Technology Park to:o Drive open innovation within regiono Networks & facilities for SMEs to commercialise innovationso Embed innovation and enterprise in workforce skills & production processes
  • GTC Location• 86 acre site• 9 mins to M1• 20 mins to EMids Airport• 1.7m TTWA population• 1.5 hrs to London
  • Global Technology Cluster GTC: D&B accommodation for OEM supply chain SMEs Innovation Campus “A national centre for supply chain innovation in transport engineering”
  • Innovation Campus VisionBy 2020 the Innovation Campus will become recognised globally as the,“UK Centre for Supply Chain Innovation in Transport Engineering”It will draw expertise from across the World and will have extensive associations with the most prestigious transport engineering bodies.Comprising:Comprising• Research Co-ordination (Technology & Business research)• Workforce Development• Supply Chain Management• Enterprise Creation
  • Innovation CampusChampioning PTA manufacturing technologies by: • Enterprise training and facilitation• Research collaborations • Nurturing spin-outs• Fostering low cost open innovation • Incubation & grow-on space vouchers, KTP, interns etc • Access to equity & loan finance• Developing skills within supply chains • On-site business support• Production line applications & training • Schools engagement
  • Example Enterprise Engineering research Business research Skills provision opportunities Supply chainSurface coating In use Servitisation of management Enterprise R&D detection manufacturing skills / support TRL level 4+ and monitoring R&D production skills SME requirements
  • Rail Technology Centre• Strategically important site for UK - densest cluster of rail related businesses in the UK• Investment in site infrastructure to secure future of major rail connected engineering facility inc: • Substantial upgrades to the Vehicles Lab • Construction of new train shed and paint shop facilities • Upgrading power supply • Upgrading the fuel point and controlled emission toilets • Refurbishment of 2,400 sq.m. of office, laboratory / workshop space
  • Lightspeed Evolution • High quality superfast broadband is essential infrastructure to be globally competitive • 69% of Derby businesses require at least 4 times extra bandwidth* • 60% of businesses were concerned about the future level and quality of connectivity • Lightspeed project would enable: • Creation of a core network, akin to an electrical ‘ring main’, linking all major employment sites, public services and data centres • Roll out access to 95% of businesses and residents* Survey of 550 businesses in Derby by Atkins, November 2011
  • Lightspeed EvolutionThe benefits:• Studies in Europe and North America show a GDP increase of 1% as a result of installing a core fibre network.• Creation of approx 500 new jobs per year in Derby.• Benefits to SMEs who currently would not be able to afford dedicated high speed broadband provision
  • Derby Enterprise Growth Fund• Creation of a financial assistance scheme to offer grant, loan or equity investment to SME’s, midcaps and social enterprise• Assistance on offer where there is: • a clear need for public sector intervention • aspirations for growth • a viable business development proposal • creation/safeguarding of jobs• Range of capital and revenue activity• Strong link with Innovation Campus project….
  • Derby Enterprise Growth Fund• Focus of the scheme will be across four strands: 1. Research and Development 2. Workforce Development 3. Enterprise Creation 4. Strategic supply chain management• Will also comprise an equity investment fund element to address local market failure
  • Next Steps BIS programme approval – (June) BIS project approvals – (June/July) Design & procurement – GTC, IC, RTC (summer) Lightspeed procurement (now) Enterprise Growth Fund voucher scheme, grant criteria (July); select delivery partners (July) launch (late summer)
  • Questions?Many thanks for your attentionAlan Smith alan.smith@derby.gov.ukCatherine Williams catherine.williams@derby.gov.uk