Economic Development Policy: Where we are?

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Presentation by R D Bayly (GOSW)

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Economic Development Policy: Where we are?

  1. 1. Devon and Cornwall Business Council Economic Development Policy: Where we are? R D BAYLY GOSW 2 July 2010
  2. 2. A Brave New World <ul><li>Coalition Policy Statement </li></ul><ul><li>Budget </li></ul><ul><li>RDA Abolition </li></ul><ul><li>LEPs * </li></ul><ul><li>Regional Growth Fund </li></ul><ul><li>Green Paper on Business Finance </li></ul><ul><li>White Paper on Sub National Growth </li></ul><ul><li>GO Review </li></ul><ul><li>CSR </li></ul>
  3. 3. So Everything you always wanted to know about LEPs … … but were afraid to ask!
  4. 4. What does LEP stand for? <ul><li>Lancashire Evening Post </li></ul><ul><li>Large Electron Positron (Collider) </li></ul><ul><li>Local Enterprise Partnership </li></ul><ul><li>London Energy Partnership </li></ul>
  5. 5. What does LEP stand for? <ul><li>Lancashire Evening Post </li></ul><ul><li>Large Electron Positron (Collider) </li></ul><ul><li>Local Enterprise Partnership </li></ul><ul><li>London Energy Partnership </li></ul>
  6. 6. Context – the changing landscape RDAs LEPs
  7. 7. But it’s not that straightforward <ul><li>RDA abolition is not just about “going local” </li></ul><ul><li>Some things may be “going national” instead: </li></ul><ul><ul><li>Key Sectors </li></ul></ul><ul><ul><li>Innovation </li></ul></ul><ul><ul><li>Trade </li></ul></ul><ul><ul><li>Inward investment </li></ul></ul>With sub-national delivery mechanisms?
  8. 8. So – what do we know 1? <ul><li>ROLE </li></ul><ul><ul><li>“ Provide the strategic leadership in their areas to set out local priorities” </li></ul></ul><ul><ul><li>“ Create the right environment for business and growth” </li></ul></ul><ul><ul><li>Tackle issues such as: </li></ul></ul><ul><ul><ul><li>Planning and housing </li></ul></ul></ul><ul><ul><ul><li>Transport & infrastructure </li></ul></ul></ul><ul><ul><ul><li>Employment & enterprise </li></ul></ul></ul>
  9. 9. So – what do we know 2? <ul><li>GOVERNANCE </li></ul><ul><ul><li>Normally equal representation of: </li></ul></ul><ul><ul><ul><li>Business </li></ul></ul></ul><ul><ul><ul><li>Civic leaders </li></ul></ul></ul><ul><ul><li>Normally Business chair </li></ul></ul><ul><ul><li>But scope for variation </li></ul></ul>
  10. 10. So – what do we know 3? <ul><li>SIZE & COVERAGE </li></ul><ul><ul><li>Generally – smaller than the English regions, but regional focus acceptable </li></ul></ul><ul><ul><li>Generally – more than one upper tier authority </li></ul></ul><ul><ul><li>Generally – linked to functional economic areas </li></ul></ul><ul><ul><li>No presumption of 100% coverage </li></ul></ul><ul><ul><li>Particular focus on economically vulnerable areas </li></ul></ul><ul><ul><li>But all very loosely defined </li></ul></ul>
  11. 11. So – what do we know 4? <ul><li>FUNDING </li></ul><ul><ul><li>Likely to be: </li></ul></ul><ul><ul><ul><li>No core funding </li></ul></ul></ul><ul><ul><ul><li>Bids into funding pots </li></ul></ul></ul><ul><ul><li>Regional Growth Fund already announced: </li></ul></ul><ul><ul><ul><li>£1bn over 2011-12 and 2012-13 </li></ul></ul></ul><ul><ul><ul><li>Focused on areas where business employment and growth needs stimulation </li></ul></ul></ul><ul><ul><ul><li>Not new money – likely to be drawn from regeneration, housing, business growth, transport, etc </li></ul></ul></ul><ul><ul><li>And all subject to CSR </li></ul></ul>
  12. 12. Timeline 2010 2011 June: Budget confirms RDAs to be abolished September: Introduction of Public Bodies Reform Bill April: Earliest feasible date for winding up RDAs Summer: Public Bodies Reform Bill could be enacted June: LEP communication issued July: White Paper on economic growth September: Expressions of interest on LEPs due in; enabling legislation introduced if needed April: Regional Growth Fund becomes available
  13. 13. Tensions & balances 1 <ul><li>More hands on … </li></ul><ul><li>Economy still stuttering </li></ul><ul><li> Economic stakes are high </li></ul><ul><li>Anxiety that can not afford to leave local economies to chance </li></ul><ul><li>More hands off … </li></ul><ul><li>Localism, localism, localism </li></ul><ul><li>Leave it to local businesses and LAs to decide whether they want LEPs, what they should do and where they should be </li></ul>
  14. 14. Tensions & balances 2 National realities … RDAs are being abolished  A good bit of the funding will be clawed back by HMT … … and some RDA functions may not sit well with very local delivery: Aerospace, Composites, Automotive Local aspiration … RDAs are being abolished  This is our chance to get RDA funding, staff …
  15. 15. Tensions & balances 3 Functional economic areas … LEPs will be most effective if they make sense to local businesses  LEPs should be created around functional economic areas (& local authority boundaries do not equate to functional economic areas)  LEPs should not follow local authority boundaries Administrative boundaries … Local authority boundaries already exist and already work  LEPs should be created along local authority boundaries
  16. 16. And what about Simplification? <ul><li>LSPs </li></ul><ul><li>SEPs </li></ul><ul><li>Eco Towns </li></ul><ul><li>Growth Points </li></ul><ul><li>LIPs </li></ul><ul><li>ERDF </li></ul><ul><li>LESBs </li></ul><ul><li>FEMAs </li></ul><ul><li>LEAs </li></ul><ul><li>EDCs </li></ul><ul><li>URCs </li></ul>
  17. 17. So What Matters? <ul><li>Planning </li></ul><ul><li>Housing </li></ul><ul><li>Business Support </li></ul><ul><li>Innovation </li></ul><ul><li>Sector Development </li></ul><ul><li>Transport </li></ul><ul><li>Employment/ Worklessness </li></ul><ul><li>Skills </li></ul><ul><li>Culture/ Tourism </li></ul><ul><li>Regeneration </li></ul><ul><li>Trade </li></ul><ul><li>Technology Strands </li></ul><ul><li>Finance </li></ul><ul><li>R&D </li></ul>
  18. 18. At What Level? <ul><li>National </li></ul><ul><li>Partnership </li></ul><ul><li>Local Authority </li></ul><ul><li>Community </li></ul>
  19. 19. And what about Results? <ul><li>On the Economy </li></ul><ul><li>On Whitehall policy </li></ul><ul><li>On Funding </li></ul><ul><li>And Lean </li></ul><ul><li>And Intended? </li></ul>
  20. 20. Honey, I just…. <ul><li>Regen SW </li></ul><ul><li>Sustainability SW </li></ul><ul><li>SW Observatory </li></ul><ul><li>Science Parks/ Incubators </li></ul><ul><li>SW Brussels Office </li></ul><ul><li>Primare </li></ul><ul><li>Wave Hub </li></ul>
  21. 21. RDA Role <ul><li>The One Neutral Player? </li></ul><ul><li>A Quarry for insights into key issues? </li></ul><ul><li>A Focus for reflection of what might inadvertently be lost? </li></ul>
  22. 22. GO role <ul><li>Translating the policy position for partners?  (where you want it) </li></ul><ul><li>Facilitating dialogue between partners?  (ditto) </li></ul><ul><li>Navigating through a developing policy position?  </li></ul><ul><li>Orchestrating partners to enable formulation of LEPs? ??? </li></ul><ul><li>Problem solving where LEPs are coming up against barriers? ??? </li></ul><ul><li>Negotiating LEPs on behalf of Government? x </li></ul>
  23. 23. Questions & suggestions

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