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Alison Jarrett Assistant Director Finance – Development and Culture Birmingham City Council

Explore Birmingham City Council's investment initiatives focusing on job creation and economic growth sectors amid austerity. Learn about key funding sources, employment opportunities, and the impact of enterprise zones on the city's landscape. Discover the city's ambitious targets, including new job creation, GVA increase, and building a skilled workforce.

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Alison Jarrett Assistant Director Finance – Development and Culture Birmingham City Council

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  1. Alison JarrettAssistant Director Finance – Development and CultureBirmingham City Council Investment through austerity or the answer’s jobs, now what’s the question?

  2. The Jaws of Doom

  3. The Heseltine Hope

  4. No Stone Unturned – headlines • 81 Accepted • Single Local Growth Fund • From 2014 • Rejected • Rejected • Seeking legislation • 89 Recommendations • Big ideas…. • Single Pot of funding • Localise EU Funding • Legal status for Chambers • Unitary local government • Conurbation Mayors

  5. Be careful what you wish for…

  6. Local Enterprise Partnership 2020 Targets • 100,000 new jobs • £8.25bn increase in GVA • Key sectors: • Advanced Manufacturing • Business & Financial Services • Clinical research & Med-tech • Creative & Digital • Low Carbon technology • Research & Development • Transport & Building Technologies • Build a world class workforce

  7. Enterprise Zone Enterprise Zone SnowHill Paradise & Westside Eastside & Science Park WholesaleMarket

  8. Enterprise Zone Impact • 40,000 new jobs across range of growth sectors • Floor Space • By 2015, 97,000 sq.m of new development • Once complete 1.3m sq.m including 700,000 sq.m office/commercial • The re-use of 3.8 hectares of buildings/land • £2.bn+ GVA per annum

  9. Example current investments Example current investments • New Street Station £ 630m • Midland Metro £ 125m • Airport expansion £ 125m • Highway/Lighting PFI £ 2,700m • Library of Birmingham £ 190m • Green housing retrofit £ 1,500m • Eastside Park £ 60m • Enterprise Zone £ 875m • Digital infrastructure £ 10m • High Speed 2 terminal ? £ 1,000m

  10. City Deal 2 – exploring the following… • Transport • 10 year block funding for majors • Exemption from Council Tax levy • TfL type powers • Skills • Delegation of SFA responsibilities • Housing • Lifting the borrowing cap • Employment • Local management of ‘Work Programme’ • Opportunity to pilot ‘Gainshare’ scheme (earn-back) • Whole place pilot – opportunity for ‘neighbourhood’ focussed approach

  11. What else is in the armoury? RGF FINANCE BIRMINGHAM PRIVATE INVESTMENT GAINSHARE AIRPORT PASSENGER DUTY ASSETS – SALE AND LEASEBACK SALE OR RENTAL OF ASSETS MOBILE INVESTMENT FUND

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