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EMSI

  1. 1. Using intelligence to help LEPs refine their Growth hub offer to business as well as funders D igital Leader s LEP D igital Gr oup 11 t h May 2017
  2. 2. Agenda  Introducing Emsi 1. Local baselines 2. Data as a common language 3. Shaping new futures 4. Evidencing impact  Summary
  3. 3. Introducing Emsi • Helping people and organisations make better decisions relating to world of work • Data-driven decision- making • The right insight at point at which a key decision is being made • Reduce gap between student demand and employment realities Making better decisions using detailed and localised labour market information Education Employment Economic Development
  4. 4. 1. Local baselines Targeting growth hub activities: How can we learn from local insight?  Respond to local growth trends  Facilitate growth trajectories  Prioritise limited resources to areas of greatest need
  5. 5. 2. Data as a common language Joining up local delivery: How can we support local growth? • Understand skills needs • Communicate with key stakeholders • Attract relevant investment
  6. 6. 3. Shaping new futures Proactive interventions: How can we disrupt current local direction of travel? • Target sectors that have greatest local multipliers • Identify gaps in local supply chain • Identify strong national growth sectors not present in local economy
  7. 7. 4. Evidencing impact Quantify outcomes: How can we quantify our impact? • Scenario analysis – the ripple effect: • Jobs • Income • Shifts from baseline forecasts +100 jobs in the Insurance, reinsurance and pension funding sector in Thames Valley Bucks results in: • £13.4m total wage growth • 409 total job growth - Majority in financial services, but also ripples into: • Professional services e.g. management consulting, legal and accounting + 74 jobs • Admin and support e.g. facilities management, employment agencies: + 46 jobs • IT services e.g. Computer consulting: + 25 jobs
  8. 8. Summary Local baseline trends Joined-up delivery Proactive interventions Evidencing impact Detailed and localised labour and economic data
  9. 9. Further information Andy Durman Managing Director, Emsi UK andyd@economicmodelling.co.uk 07720 641651 www.econcomicmodelling.co.uk www.economicmodelling.co.uk/conference 2017

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