Baron Frankal - Delivering local development in Manchester

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Presentation by Baron Frankal, Director of Economic Strategy, New Economy, Association of Greater Manchester Authorities, United Kingdom.

9th Annual Meeting of the OECD LEED Forum on Partnerships and Local Governance (Dublin-Kilkenny, Ireland), 26/27 March 2013.

http://www.oecd.org/cfe/leed/9thfplgmeeting.htm

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Baron Frankal - Delivering local development in Manchester

  1. 1. 9th Annual Meeting IMPLEMENTING CHANGE: A NEW LOCAL AGENDA FOR JOBS AND GROWTH In co-operation with the EU Presidency, Irish Government and Pobal 26-27 March 2013, Dublin-Kilkenny, Ireland WORKSHOP D: ENABLING GROWTH AND INVESTMENT: STRATEGY,SYSTEM AND LEADERSHIP Baron FrankalDirector of Economic Strategy, New Economy, Association of Greater Manchester Authorities, United Kingdom
  2. 2. Delivering Local Development in ManchesterBaron Frankal, Director of Economic Strategy
  3. 3. “Outside London, MCR is the city region which, given its scale and potential for improving productivity, is best placed to take advantage of the benefits of agglomeration and increase its growth” – MIER
  4. 4. How great is Manchester?• Accounted for 60% of all population growth across the North West in the last 10 years – reversing decades of population shift in the opposite direction• Has largest travel-to-work area of any conurbation in the UK outside London, and 7 million people live within one hour’s drive• Generates £46 billion of Gross Value Added on an annual basis, accounting for around 40% of GVA in the North West• This is the equivalent of: • West Yorkshire • Wales • Croatia
  5. 5. Challenges Worklessness Skills Business Deprivation Start-Ups
  6. 6. Governance looks good• AGMA• GM Combined Authority• Local Enterprise Partnership• Police and Crime Commissioner• Manchester Family • New Economy • Marketing Manchester • Business Growth Group – MIDAS, Business Growth Hub & UKTI • Greater Manchester Chamber of Commerce• Collaborative governance
  7. 7. Governance and the economy workingtogether• MIER• Strategic sites review• Enterprise Zone: Airport City• Greater Manchester Strategy• Investment Funds• Strategic Assessment Framework
  8. 8. GMS & IGMA
  9. 9. Key Sectors • 163,000 jobs, GVA of £4.7bn p.a. Health & Life Sciences • Manchester Science Park, Christie Hospital, UK BiobankFinancial & Professional • 224,000 jobs, GVA of £9.0bn p.a. Services • Deloitte, KPMG, PwC, etc. • 63,000 jobs, GVA of £2.7bn p.a. Creative & Digital • MediaCityUK, Sharp Project • 105,000 jobs, GVA of £3.0bn p.a. Education • 5 universities, Graphene hub, 100,000+ students • 21,000 jobs, GVA of £0.5bn p.a. Sport • Man City, Man Utd, Adidas, Umbro • 38,000 jobs, GVA of £1.9bn p.a.Advanced Manufacturing • NXP, Siemens, Holroyd Precision
  10. 10. Key Markets • Boosting trade and creating new links China/Asia • The Wei Report – June 2012 • Manchester-China Forum • Collaboration with Abu Dhabi Middle • Economic evidence base produced East • Key sectors identified
  11. 11. Investment Tools• City Deal • Earnback model • Investment framework • Growth hub • Skills and the local economy • Low carbon demonstrator • Inward investment beacon• Evergreen• Regional Growth Fund
  12. 12. Funding Appraisal Allocation and Investment Pipeline STRATEGICRegional Growth ASSESSMENT Fund FRAMEWORK To find consensus on • Projects projects that: Growing Places Fund •Provide good GVA (net economic impact) •Demonstrate value Urban Broadband for moneyFund, GM Transport •Maximise private • Projects Fund, ERDF, sector leverageEvergreen, GIB JV… •Deliverability“Revenue” streams:EZ, pooled business The Investment rates, new homes bonus, earnback… Framework
  13. 13. Net employment/GVA created (and VfM) Transport Feedback effect as Growth and Connectivity growth leads to Total Greater Manchester Transport investment redistribution of change additional employment impact employment congestion Regeneration One new workplace Displacement Feedback effect Connectivity changes aspiration as growth leads to Share of businesses Total Greater Manchester competed from other  Increased number of jobs additional employment impact Controlled for what proportion is conurbations. created from access to larger congestion likely to be delivered and then business to business markets ultimately occupied Depends on sector Housing Displacement Supply side One new house aspiration  New GM residents vs changes = 2.3 people redistributed around GM  jobs from larger Feedback effect = 1.5 people of working age labour markets (and as growth leads Total Greater small amount from to additional Manchester Controlled for what proportion is likely congestion employment impact to be delivered and then ultimately changes in shape of Local service jobs business to occupied  induced local jobs business markets)
  14. 14. Net employment/GVA created (and VfM) - model outputs (2)
  15. 15. What is needed from the public sector?• Autonomous decision-making• Infrastructure (transport & digital) investment, for example • £560m Northern rail hub • £25m Growing Place fund • £12m Urban Broadband Fund• Investment in skills – to reduce the productivity gap• Working within practical economic geographies
  16. 16. Community Budget SKILLS & WORKLESSNESS AGEING POPULATIONReducing demand for Reducing demand today Reducing demand today and generations tomorrow Transforming Health & Social Early Years Troubled Families Justice Care Better outcomes, lower cost Better outcomes, lower cost X Turning off the SAVINGS dependency tap at source Re-investment of resources across partners
  17. 17. And from the private sector?• Working in partnership with the public sector• Supporting the internationalisation process – e.g. knowledge of growth markets like China, India, Brazil, Middle East etc.• Supporting growth in key target sectors – both national and internationally – i.e. helping domestic trade and export-led growth.
  18. 18. Any Questions…baron.frankal@neweconomymanchester.com

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