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C2C Forum no2 Tim Wates final
Thank you for the questions. Creating the right conditions for sustainable economic growth is a collaborative effort that requires addressing both immediate issues and long term strategic planning. I'm happy to discuss further how Coast to Capital can best support this important work.
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C2C Forum no2 Tim Wates final
- 1. Delivering Economic Growth through Place Tim Wates Vice-Chairman, Coast to Capital Board Lead on ‘Place’
- 2. Introduction • Place =creating the right conditions for growth • Best possible physical & fiscal conditions • Underpins key strands - enterprise & internationalisation • Common challenges – planning, access to finance, infrastructure, availability/access to suitable land
- 9. How we willwork? Strategic view- sense of priorities Communicate to partners - legislation, regulation, Leadership and direction new issues How should the LEP Conduit to all levels of work? Coherence- working Govt + lobby on behalf across boundaries of C2C area Co-ordinate activity- avoid duplication- problem solving Sharing best practice
- 10. ‘Place’ workshop • December2011 - 40+ attendees from private, public and third sector • Explored ‘Place’ agenda with local partners • Identified how C2C can target its support to effect real change. • Identified barriers to business growth and shared best practice solutions
- 11.
- 12. Strategic sites • Collectionof strategic site information end 2011 • 68 strategic sites identified • GVA appointed to assist with mapping & analysis • Potential job numbers, key employment sectors, barriers and blockages etc • Outcome – will help shape where C2C should focus its efforts • Final report expected end March 2012
- 13. Enterprise Zones • Enterprise@BognorRegis– submitted to Govt 2011 • Govt encouraging LEPs to support development of local models – EZ ‘lite’, ‘Growth Zones’ etc. • Examples of activity: Bognor Regis, Rural Growth Networks, Newhaven, Croydon, Manor Royal - others? • What support can C2C give? • EZ activity - acted as a catalyst - local problems-bespoke solutions
- 14. Growing Places •Addressing immediateinfrastructure constraints to promote employment growth - £16m •Sustainable revolving fund •Genecon –advising on process & external appraisal •CBRE – advising on wider fund development •Growing Places Investment Committee + panel of experts
- 15. Growing Places InvestmentCommittee
- 16. Growing Places Timeline Investment Committee Initial review of projects C2C Board agree 1st round of projects Call to Investment Committee action Agree shortlist Growing Places Round 2 End Jan Mid Feb Mid March End April Summer 2012?
- 17. Other emerging activity •Establishing a virtual working group • Planning Advisory Service (PAS) support - strategic planning & duty to co-operate • Devolving Local Major Transport decisions - consultation
- 18. Conclusion • Role of‘place’ - delivering long term sustainable jobs • Working closely and support local partnerships, public and private sector partners • Building on existing assets & adding value
- 19. Questions Coast to Capitalaims to create the right environment for growth by having the best possible physical and fiscal conditions. The challenges to address are: • Planning • Land • Infrastructure • Investment finance • Are there any gaps in our approach to creating the right conditions for growth? • Addressing “place” and conditions for growth is a medium to long term job. What are the immediate issues that Coast to Capital should be targeting – in terms of planning, land, infrastructure, investment finance or other factors?
Editor's Notes
- #3 Establishing and developing Coast to Capital as a ‘place’ Creating the right environment to stimulate enterprise, attract businesses, retain businesses and enable them to flourish ‘ Place’ is fundamental to ensuring we can deliver employment growth – it underpins and support the two key strands of enterprise & internalisation Place is also responding to opportunities presented to the LEP e.g. Growing Places – ready to take advantage of those opportunities The common challenges = barriers for businesses – LEP wants to ensure these barriers removed
- #4 CROYDON
- #5 SHOREHAM HARBOUR
- #6 CISSBURY RING, WORTHING
- #7 GATWICK ARIPORT
- #8 BRIGHTON
- #9 Schematic demonstrates how ‘place’ supports and underpins Enterprise & Internationalisation strands Also shows the level of activity (in green) - demonstrates the work the LEP is involved in and/or leading on – identified current & emerging activity Will talk about some of these in more detail in this presentation
- #10 Firstly – how will we work? Based on outcome of event in December 2011 (will talk about more shortly) – feedback on how partners want the LEP to work around the ‘place’ agenda What is clear is that the role should be strategic , not seeking to impose, not seeking to duplicate – but instead ensure efforts are co-ordinated for maximum impact The ‘place’ agenda also very important for Government (planning reforms, infrastructure funding etc) – C2C will work with and where necessary lobby central Government and other national bodies to promote our area and maximise opportunities for our patch
- #11 Already mentioned a workshop that we held at the end of last year Attendees were mainly experts in field – people involved in planning, development, business support etc Event was really the first part of an ongoing process of engaging with local partners about what the local issues are Two broad outcomes – (1) Informed the LEP about ‘how’ it should work (previous slide) and (2) began to explore what the areas for focus (i.e the key barriers) should be e.g. planning, infrastructure Re: ‘what areas of focus’ – strengthened by ‘Strategic site’; work (next slide)
- #12 Already mentioned a workshop that we held at the end of last year Attendees were mainly experts in field – people involved in planning, development, business support etc Event was really the first part of an ongoing process of engaging with local partners about what the local issues are Two broad outcomes – (1) Informed the LEP about ‘how’ it should work (previous slide) and (2) began to explore what the areas for focus (i.e the key barriers) should be e.g. planning, infrastructure Re: ‘what areas of focus’ – strengthened by ‘Strategic site’; work (next slide)
- #13 Also towards the end of 2011, the Area Partnerships were asked to coordinate the collection of information relating to key strategic sites Pre-cursor to Growing Places, but was more broad – i.e. C2C wanted to know where and what are the key sites and what’s holding them up – i.e. what are the barriers? It may be infrastructure (i.e. perhaps relevant for Growing Places), but it may be something else. 68 key sites identified by partners (next slide has map of sites) GVA (full name) = leading UK commercial property advisors – worked with a number of partners in C2C area Information forms evidence base – help shape how C2C can help and where it should targets it efforts
- #14 Enterprise Zone – another area of activity for LEP EZ approach – offers solution for a specific site or area – seeks to simplify planning, offer business rate incentives, address infrastructure challenges etc Enterprise@BognorRegis was unsuccessful but local models being developed regardless A lot of activity in C2C area – partners are developing local solutions , to address local problems Enterprise@BognorRegis – working group established, feasibility and delivery study nearly completed, landowners and developers engaged, funding options to be explored Rural Growth Networks – recent bid from LEP was unsuccessful, but again partners are looking to develop their own proposals and find alternative ways to fund them – possible links with Rural Economy Grant? (£60m DEFRA fund) C2C is keen to understand whether partners need additional support and how the LEP can help them Thinking around EZs has acted as a catalyst – are there other solutions to ensure businesses have access to land, can secure planning consent, have the necessary infrastructure in place etc.
- #15 LEP has over £16m to establish a revolving infrastructure fund - to address local problems and unlock key development sites to enable jobs to be created and/or retained in C2C area Fund is intended to revolve – based on ‘loans’ rather than grants so that C2C can develop a sustainable investment fund Two sets of consultants – Genecon are appraising bids and advising C2C on the projects. CBRE are advising on wider fund development, which will include Growing Places funding but we hope to grow the fund and identify and lever in other sources of funding and investment to maximise opportunities Investment Committee (see next slide) has met twice and meets again next week to agree a shortlist of projects – see next slide
- #16 Committee comprises 5 C2C board members – mix of private and public sector Supported by a panel of experts from local authorities and also Homes & Communities Agency (HCA) Committee is advisory only – makes recommendations to full board about which projects to invest in Timeline on next slide
- #17 C2C making excellent progress – believe we’re furthest advanced Very ambitious programme – but recognise it’s critical to invest now to unlock infrastructure barriers – deliver key sites and see job growth Investment Committee meets next week to agree a short-list of projects which will be subject to due diligence and rigorous appraisal Board hope to make decisions on first tranche of projects at 25 April board meeting Already working up proposals for a further round of investment – focus to be businesses C2C will demonstrate it is investing money promptly and wisely - will be lobbying central Government for more funding
- #18 Virtual working group – established to provide resource, skills and expertise in the public and private sector – around the ‘place’ agenda ‘ Virtual’ to enable it to be efficient, dynamic, fluid – response to challenges and opportunities as they arise Supported by a wider pool of resources who have expertise and involvement in the field, e.g. Homes & Communities Agency, National Housing Federation etc. Planning Advisory Service – part of the Local Government Associations - funded by Communities & Local Government (CLG) PAS will be working with the LEP to consult and engage with local partners about what role the LEP could play in terms of strategic planning – work to commence over next few weeks. Devolving Local Major Transport decisions – currently out to consultation and exploring what role the LEP should play in decision-making - possible links/opportunity to align to Growing Places and strategic sites – e.g. opportunities for growth.
- #19 Why are we interested in place? It’s about delivering long term sustainable jobs – ensuring businesses have the right environment to flourish The LEP wish to work with and support partners – who are at the forefront of delivery Area partnerships will be key to success – they have developed local relationships, local links and local intelligence C2C area – many great assets – environment, infrastructure, access to international markets LEP will look only to intervene where it can remove barriers and add real value We want to ensure we have the best approach – are we focussing on the right areas, working in the right way - links with Ian’s questions – to follow.
- #20 Why are we interested in place? It’s about delivering long term sustainable jobs – ensuring businesses have the right environment to flourish The LEP wish to work with and support partners – who are at the forefront of delivery Area partnerships will be key to success – they have developed local relationships, local links and local intelligence C2C area – many great assets – environment, infrastructure, access to international markets LEP will look only to intervene where it can remove barriers and add real value We want to ensure we have the best approach – are we focussing on the right areas, working in the right way - links with Ian’s questions – to follow.