Benefits challenges torbay

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  • 1. The benefits & challenges of undertaking the LEA in-house Suzie Burrow
  • 2. TDA – Who are we?
    • Torbay Development Agency is Torbay’s economic development company and was established in 2010.
    • Wholly owned by the Council but…
    • Formed as a public / private sector partnership to deliver the regeneration and future sustainability of Torbay.
    • Currently in the process of recruiting the board and chair.
  • 3. What do we do?
    • Responsibility for :
        • Physical Regeneration
        • Economic development and economic strategy
        • Property services (asset, estate & facility management)
    • As a key part of the development of the economic strategy TDA responsible for developing the LEA.
  • 4. Why not commission consultants?
    • A big project – we believe we would have struggled to get all the information from one commission.
    • Time would still have been required to manage multiple commissions.
    • We wouldn’t have been able to tailor the assessment around our needs as easily.
  • 5. Why do the LEA in-house?
    • Timely – the refresh of our economic strategy was also due and a shared evidence base made sense.
    • Team development – the LEA has given the opportunity to improve and develop skills in new areas.
    • Skills and knowledge also remain in-house and can be used to our advantage on other projects.
    • Great way to get to know the area.
  • 6. Challenges
    • Too much information – what really is valuable to the development of local policy and identification of appropriate actions.
    • Where to get data from – made much easier by the SW Observatory support and core indicators.
    • Interpreting data sets and presenting the information in a clear, accessible way.
    • Keeping the assessment up to date.
  • 7. Benefits
    • Ability to take part in regional projects and purchases like the Functional Economic Market Area data.
    • Flexibility of project, adding more data as and when it becomes available.
    • Speed – we have been able to tackle the areas which contain information needed for other projects first and not going through the commissioning process has saved time.
    • Ease of updating – we wrote it with refreshing in mind.
    • Team skills – improved knowledge puts us in a better place to analyse and advise partners.
  • 8. Risks
    • Detail – by doing the whole LEA in house we risked not including enough detail or missing key data sets.
    • Not having previous experience and creating a document that is not comparable to others on the region.
    • Both averted by working with the Observatory.
  • 9. Results
    • A detailed, place orientated document following the government guidance but concentrating on the key areas for Torbay.
    • A comprehensive evidence base which feeds into our economic strategy and gives us an up to date set of statistics to work from.
    • Compliments Local Development Framework and Joint Strategic Needs Assessment.
  • 10. Next Steps
    • FEMA information and new growth forecasts currently being incorporated.
    • LEA expected to go out as an interim assessment for consultation shortly afterwards.
    • To be adopted by the Strategic Partnership.
    • Final document to be released in the late Autumn.