Baron Frankal - Delivering local development

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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

  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 PLENARY SESSION I: A NEW LOCAL AGENDA FOR JOBS AND GROWTH Baron FrankalDirector of Economic Strategy, New Economy, Association of Greater Manchester Authorities, United Kingdom
  2. 2. Delivering Local Development InManchester – why its’ economy matters.• 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
  3. 3. Challenges Worklessness Skills Business Deprivation Start-Ups
  4. 4. 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
  5. 5. Governance and the economy workingtogether for jobs rich growth• Manchester Independent Economic Review• Strategic sites review• Enterprise Zone: Airport City• Greater Manchester Strategy• City Deal• Investment Funds• Strategic Assessment Framework
  6. 6. Funding Appraisal Allocation and Investment PipelineRegional Growth STRATEGIC 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 homesbonus, earnback… Framework
  7. 7. What is needed from the public sector?• Autonomous decision-making, leadership• 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

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