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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 Frankal
Director of Economic Strategy, New Economy, Association of Greater Manchester Authorities,
                                     United Kingdom
Delivering Local Development In
Manchester – 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
Challenges


             Worklessness    Skills




                            Business
              Deprivation
                            Start-Ups
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
Governance and the economy working
together 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
Funding               Appraisal             Allocation and
                                              Investment Pipeline

Regional 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 money
Fund, GM Transport    •Maximise private      • Projects
   Fund, ERDF,         sector leverage
Evergreen, GIB JV…    •Deliverability


“Revenue” streams:
EZ, pooled business          The Investment
 rates, new homes
bonus, earnback…
                               Framework
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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Baron Frankal - Delivering local development

  • 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 Frankal Director of Economic Strategy, New Economy, Association of Greater Manchester Authorities, United Kingdom
  • 2. Delivering Local Development In Manchester – 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. Challenges Worklessness Skills Business Deprivation Start-Ups
  • 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. Governance and the economy working together 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. Funding Appraisal Allocation and Investment Pipeline Regional 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 money Fund, GM Transport •Maximise private • Projects Fund, ERDF, sector leverage Evergreen, GIB JV… •Deliverability “Revenue” streams: EZ, pooled business The Investment rates, new homes bonus, earnback… Framework
  • 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