Benefits challenges torbay

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Benefits challenges torbay

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

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