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Inward Investment Guide to England
Stephen Bromwich
Local Futures Group
Structure
• Context and methodology
• Headline findings
• Creating your own analysis
Context
• Growth Agenda
• Heseltine commissioned to review the UK’s
economy: ‘No Stone Unturned’
• Role of inward investment
• Importance of place
Lacked the knowledge
“ Among regions, London was the first choice, with
some 35% considering investing there and a further
15% considering South East England. Some 42% of
investors said they lacked the knowledge to choose a
preferred location, suggesting more needs to be done to
market other regions”.
Financial Times, January 2013
Methodology
• Reviewed studies
– eg Financial Times Foreign Direct Investment guide
• Identify key data sets
• Applied to England at Local Authority District
level
• Market testing
– Eg UK Trade & Investment
The Findings
Business Location Index
Economic performance
Economic scale
Productivity
Knowledge-driven businesses
Business & enterprise
Growth in business stock
Human resources
Scale of workforce
Skills & qualifications
Knowledge workers
Labour market
Growth in workforce
Environment & infrastructure
Scale of commercial floorspace
Connectivity
Cost base
Quality of life
Growth in commercial floorspace
Economic performance score
Human resources score
Environment & infrastructure score
Business
Location
Index
Business Location Index
Economic performance
Economic scale
Productivity
Knowledge-driven businesses
Business & enterprise
Growth in business stock
Human resources
Scale of workforce
Skills & qualifications
Knowledge workers
Labour market
Growth in workforce
Environment & infrastructure
Scale of commercial floorspace
Connectivity
Cost base
Quality of life
Growth in commercial floorspace
Economic performance score
Human resources score
Environment & infrastructure score
Business
Location
Index
Economic performance score
Rank Local Authority areas
1 Tower Hamlets
2 Southwark
3 Hammersmith and Fulham
4 Hounslow
5 Hackney
6 Milton Keynes
7 London City
8 Lambeth
9 Basingstoke and Deane
10 Wandsworth
Rank Cities
1 Milton Keynes
2 Reading
3 Cambridge
4 Brighton and Hove
5 Swindon
6 Bristol
7 Warrington
8 Northampton
9 Derby City
10 Peterborough
Business Location Index
Economic performance
Economic scale
Productivity
Knowledge-driven businesses
Business & enterprise
Growth in business stock
Human resources
Scale of workforce
Skills & qualifications
Knowledge workers
Labour market
Growth in workforce
Environment & infrastructure
Scale of commercial floorspace
Connectivity
Cost base
Quality of life
Growth in commercial floorspace
Economic performance score
Human resources score
Environment & infrastructure score
Business
Location
Index
Human resources score
Rank Local Authority areas
1 Wandsworth
2 South Cambridgeshire
3 Reigate and Banstead
4 Richmond-upon-Thames
5 Wiltshire
6 Harrow
7 Maidstone
8 Lambeth
9 York
10 Windsor and Maidenhead
Rank Cities
1 York
2 Oxford
3 Milton Keynes
4 Brighton and Hove
5 Swindon
6 Reading
7 Warrington
8 Cambridge
9 Bristol
10 Bournemouth
Business Location Index
Economic performance
Economic scale
Productivity
Knowledge-driven businesses
Business & enterprise
Growth in business stock
Human resources
Scale of workforce
Skills & qualifications
Knowledge workers
Labour market
Growth in workforce
Environment & infrastructure
Scale of commercial floorspace
Connectivity
Cost base
Quality of life
Growth in commercial floorspace
Economic performance score
Human resources score
Environment & infrastructure score
Business
Location
Index
Environment & infrastructure score
Rank Local Authority areas
1 North Tyneside
2 Stockton on Tees
3 Rotherham
4 Sunderland
5 Bexley
6 Knowsley
7 North Somerset
8 Newcastle-under-Lyme
9 Cheshire East
10 Solihull
Rank Cities
1 Sunderland
2 Preston
3 Sheffield
4 Warrington
5 Derby City
6 Plymouth
7 Ipswich
8 Southampton
9 York
10 Birmingham
Business Location Index
Economic performance
Economic scale
Productivity
Industrial structure
Business & enterprise
Growth in business stock
Human resources
Scale of workforce
Skills & qualifications
Knowledge workers
Labour market
Growth in workforce
Environment & infrastructure
Scale of commercial floorspace
Connectivity
Cost base
Quality of life
Growth in commercial floorspace
Economic performance score
Human resources score
Environment & infrastructure score
Business
Location
Index
Best place for business score
Rank Local Authority areas
1 Milton Keynes
2 South Cambridgeshire
3 Basingstoke and Deane
4 South Gloucestershire
5 Wiltshire
6 Wandsworth
7 Crawley
8 Cheshire East
9 Warrington
10 Richmond-upon-Thames
Rank Cities
1 Milton Keynes
2 Warrington
3 Brighton and Hove
4 Swindon
5 York
6 Oxford
7 Reading
8 Cambridge
9 Bournemouth
10 Derby City
Accessing BLI in Local Knowledge
• Choose Spatial Level
Accessing BLI in Local Knowledge
• Choose Spatial Level
• Filter Indicators By
Accessing BLI in Local Knowledge
• Choose Spatial Level
• Filter Indicators By
• Choose Category
Accessing BLI in Local Knowledge
• Choose Spatial Level
• Filter Indicators By
• Choose Category
• Choose Sub Category
Accessing BLI in Local Knowledge
• Choose Spatial Level
• Filter Indicators By
• Choose Category
• Choose Sub Category
• Choose Indicator
BLI Output
Hounslow Example
Knowledge-driven business
Knowledge-driven businesses
Rank = 57
Rank = 79
Economic performance indicators
Economic performance scores
Hounslow Spelthorne
Ranking
(out of 325)
Score
Ranking
(out of 325)
Score
Productivity 14 A 24 A
Industrial
structure
57 A 79 B
Business and
enterprise
17 A 303 E
Economic scale 27 A 214 D
Growth in
business stock
41 A 270 E
Economic
performance
score
4 A 215 D
Skills & Qualifications
Skills and qualifications
Rank = 144
Rank = 138
Human resources indicators
Hounslow: Human resources
scorecard
Hounslow Spelthorne
Ranking
(out of 325)
Score
Ranking
(out of 325)
Score
Skills and
qualifications
138 C 144 C
Knowledge workers 119 B 34 A
Labour market 113 B 5 A
Economically-
active workforce
43 A 195 C
Growth in
workforce
14 A 270 C
Human resources
score
21 A 215 B
Quality of Life
Quality of life
Rank = 196
Rank = 232
Environment & infrastructure indicators
Hounslow: Environment &
infrastructure scorecard
Hounslow Spelthorne
Ranking
(out of 325)
Score
Ranking
(out of 325)
Score
Connectivity 39 A 35 A
Cost base 303 E 278 E
Quality of life 232 D 196 D
Commercial floorspace 59 A 269 E
Growth in commercial and
industrial floorspace
237 D 137 C
Environment and
infrastructure score
243 D 245 C
Best place for business score
Best place for business score
Rank = 173
Rank = 23
Best place for business indicators
BLI Scorecard Hounslow Spelthorne
Rank Score Rank Score
Economic performance
Productivity 14 A 24 A
Industrial structure 57 A 29 B
Business and enterprise 17 A 303 E
Economic scale 27 A 214 D
Growth in business stock 41 A 270 E
Economic performance score 4 A 215 D
Human resources
Skills and qualifications 138 C 144 C
Knowledge workers 119 B 34 A
Labour market 123 B 5 A
Economically-active workforce 43 A 195 C
Growth in workforce 14 A 191 C
Human resources score 21 A 67 B
Environment and infrastructure
Connectivity 39 A 35 A
Cost base 303 E 278 E
Quality of life 232 D 196 D
Commercial and industrial floorspace 59 A 269
Growth in commercial and industrial floorspace 237 D 137 E
Environment and infrastructure score 243 D 245 D
Business Location Index score 23 A 173 C
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Inward investment guide for england

  • 1. Inward Investment Guide to England Stephen Bromwich Local Futures Group
  • 2. Structure • Context and methodology • Headline findings • Creating your own analysis
  • 3. Context • Growth Agenda • Heseltine commissioned to review the UK’s economy: ‘No Stone Unturned’ • Role of inward investment • Importance of place
  • 4. Lacked the knowledge “ Among regions, London was the first choice, with some 35% considering investing there and a further 15% considering South East England. Some 42% of investors said they lacked the knowledge to choose a preferred location, suggesting more needs to be done to market other regions”. Financial Times, January 2013
  • 5. Methodology • Reviewed studies – eg Financial Times Foreign Direct Investment guide • Identify key data sets • Applied to England at Local Authority District level • Market testing – Eg UK Trade & Investment
  • 7. Business Location Index Economic performance Economic scale Productivity Knowledge-driven businesses Business & enterprise Growth in business stock Human resources Scale of workforce Skills & qualifications Knowledge workers Labour market Growth in workforce Environment & infrastructure Scale of commercial floorspace Connectivity Cost base Quality of life Growth in commercial floorspace Economic performance score Human resources score Environment & infrastructure score Business Location Index
  • 8. Business Location Index Economic performance Economic scale Productivity Knowledge-driven businesses Business & enterprise Growth in business stock Human resources Scale of workforce Skills & qualifications Knowledge workers Labour market Growth in workforce Environment & infrastructure Scale of commercial floorspace Connectivity Cost base Quality of life Growth in commercial floorspace Economic performance score Human resources score Environment & infrastructure score Business Location Index
  • 9. Economic performance score Rank Local Authority areas 1 Tower Hamlets 2 Southwark 3 Hammersmith and Fulham 4 Hounslow 5 Hackney 6 Milton Keynes 7 London City 8 Lambeth 9 Basingstoke and Deane 10 Wandsworth Rank Cities 1 Milton Keynes 2 Reading 3 Cambridge 4 Brighton and Hove 5 Swindon 6 Bristol 7 Warrington 8 Northampton 9 Derby City 10 Peterborough
  • 10. Business Location Index Economic performance Economic scale Productivity Knowledge-driven businesses Business & enterprise Growth in business stock Human resources Scale of workforce Skills & qualifications Knowledge workers Labour market Growth in workforce Environment & infrastructure Scale of commercial floorspace Connectivity Cost base Quality of life Growth in commercial floorspace Economic performance score Human resources score Environment & infrastructure score Business Location Index
  • 11. Human resources score Rank Local Authority areas 1 Wandsworth 2 South Cambridgeshire 3 Reigate and Banstead 4 Richmond-upon-Thames 5 Wiltshire 6 Harrow 7 Maidstone 8 Lambeth 9 York 10 Windsor and Maidenhead Rank Cities 1 York 2 Oxford 3 Milton Keynes 4 Brighton and Hove 5 Swindon 6 Reading 7 Warrington 8 Cambridge 9 Bristol 10 Bournemouth
  • 12. Business Location Index Economic performance Economic scale Productivity Knowledge-driven businesses Business & enterprise Growth in business stock Human resources Scale of workforce Skills & qualifications Knowledge workers Labour market Growth in workforce Environment & infrastructure Scale of commercial floorspace Connectivity Cost base Quality of life Growth in commercial floorspace Economic performance score Human resources score Environment & infrastructure score Business Location Index
  • 13. Environment & infrastructure score Rank Local Authority areas 1 North Tyneside 2 Stockton on Tees 3 Rotherham 4 Sunderland 5 Bexley 6 Knowsley 7 North Somerset 8 Newcastle-under-Lyme 9 Cheshire East 10 Solihull Rank Cities 1 Sunderland 2 Preston 3 Sheffield 4 Warrington 5 Derby City 6 Plymouth 7 Ipswich 8 Southampton 9 York 10 Birmingham
  • 14. Business Location Index Economic performance Economic scale Productivity Industrial structure Business & enterprise Growth in business stock Human resources Scale of workforce Skills & qualifications Knowledge workers Labour market Growth in workforce Environment & infrastructure Scale of commercial floorspace Connectivity Cost base Quality of life Growth in commercial floorspace Economic performance score Human resources score Environment & infrastructure score Business Location Index
  • 15. Best place for business score Rank Local Authority areas 1 Milton Keynes 2 South Cambridgeshire 3 Basingstoke and Deane 4 South Gloucestershire 5 Wiltshire 6 Wandsworth 7 Crawley 8 Cheshire East 9 Warrington 10 Richmond-upon-Thames Rank Cities 1 Milton Keynes 2 Warrington 3 Brighton and Hove 4 Swindon 5 York 6 Oxford 7 Reading 8 Cambridge 9 Bournemouth 10 Derby City
  • 16. Accessing BLI in Local Knowledge • Choose Spatial Level
  • 17. Accessing BLI in Local Knowledge • Choose Spatial Level • Filter Indicators By
  • 18. Accessing BLI in Local Knowledge • Choose Spatial Level • Filter Indicators By • Choose Category
  • 19. Accessing BLI in Local Knowledge • Choose Spatial Level • Filter Indicators By • Choose Category • Choose Sub Category
  • 20. Accessing BLI in Local Knowledge • Choose Spatial Level • Filter Indicators By • Choose Category • Choose Sub Category • Choose Indicator
  • 26. Economic performance scores Hounslow Spelthorne Ranking (out of 325) Score Ranking (out of 325) Score Productivity 14 A 24 A Industrial structure 57 A 79 B Business and enterprise 17 A 303 E Economic scale 27 A 214 D Growth in business stock 41 A 270 E Economic performance score 4 A 215 D
  • 28. Skills and qualifications Rank = 144 Rank = 138
  • 30. Hounslow: Human resources scorecard Hounslow Spelthorne Ranking (out of 325) Score Ranking (out of 325) Score Skills and qualifications 138 C 144 C Knowledge workers 119 B 34 A Labour market 113 B 5 A Economically- active workforce 43 A 195 C Growth in workforce 14 A 270 C Human resources score 21 A 215 B
  • 32. Quality of life Rank = 196 Rank = 232
  • 34. Hounslow: Environment & infrastructure scorecard Hounslow Spelthorne Ranking (out of 325) Score Ranking (out of 325) Score Connectivity 39 A 35 A Cost base 303 E 278 E Quality of life 232 D 196 D Commercial floorspace 59 A 269 E Growth in commercial and industrial floorspace 237 D 137 C Environment and infrastructure score 243 D 245 C
  • 35. Best place for business score
  • 36. Best place for business score Rank = 173 Rank = 23
  • 37. Best place for business indicators
  • 38. BLI Scorecard Hounslow Spelthorne Rank Score Rank Score Economic performance Productivity 14 A 24 A Industrial structure 57 A 29 B Business and enterprise 17 A 303 E Economic scale 27 A 214 D Growth in business stock 41 A 270 E Economic performance score 4 A 215 D Human resources Skills and qualifications 138 C 144 C Knowledge workers 119 B 34 A Labour market 123 B 5 A Economically-active workforce 43 A 195 C Growth in workforce 14 A 191 C Human resources score 21 A 67 B Environment and infrastructure Connectivity 39 A 35 A Cost base 303 E 278 E Quality of life 232 D 196 D Commercial and industrial floorspace 59 A 269 Growth in commercial and industrial floorspace 237 D 137 E Environment and infrastructure score 243 D 245 D Business Location Index score 23 A 173 C