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GLASGOW ECONOMIC LEADERSHIP Annual Update to the Glasgow Economic Partnership Professor Sir Jim McDonald Chair, Glasgow Economic Leadership 30 April 2013. Glasgow Economic Commission – Key Recommendations & Glasgow Economic Leadership – Key Priorities. Private sector leadership
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GLASGOW ECONOMIC LEADERSHIPAnnual Update to the Glasgow Economic PartnershipProfessor Sir Jim McDonaldChair, Glasgow Economic Leadership30 April 2013
Glasgow Economic Commission – Key Recommendations&Glasgow Economic Leadership – Key Priorities • Private sector leadership • Glasgow Economic Leadership establishment • Key sectors • Industry-led work streams: Low Carbon Industries; Engineering; Life Sciences; Financial & Business Services; Tourism & Events; Higher & Further Education • Global promotion • ‘In-Glasgow’ investment team/ new City branding • Connectivity • To national & international markets (air + digital) • Innovative funding • To deliver infrastructure & investment • Higher & Further Education • To support key sectors and growth potential • Skills… to support growth in key sectors, at all skill levels Glasgow Economic Leadership # 1/10
Glasgow Economic Leadership – Main Board Members Glasgow Economic Leadership # 2/10
Glasgow Economic Leadership – Work stream leaders & company, agency and academic engagement
Low Carbon Industries • Glasgow/City region generating “heat” in R&D/technology commercialisation • Work Stream outputs: • advised Sustainable Glasgow’s re-focus on investment-ready ‘projects of scale’ to • attract external investment to Glasgow (eg Green Investment Bank); • to exploit Glasgow’s technology platform [eg Technology Innovation Centre (TIC)] • TIC is now base for £50m TSB-funded UK HQ of Offshore Renewable Energy (ORE) • Catapult Centre; UK HQ of Fraunhofer (UK) Research Ltd; • Assisted Glasgow win the TSB£24m UK Future Cities Catapult Demonstrator; • Supporting Glasgow’s promotion (SE/SDI) as Scotland’s International Technology & Renewable Energy Zone (ITREZ) for research / innovation inward investment; • input to City brand development. • Opportunity to further develop & promote Glasgow as a global LCI ‘hub’ • - Reference the ‘Economist’ article Glasgow Economic Leadership # 4/10
Engineering, Design & Manufacturing • Strong Glasgow city region engineering heritage & current reality:‘Clydebuilt’ • Work Stream outputs: • Influenced Scottish Govt./agencies to raise Engineering policy priority (eg SE - Technology & Engineering ; SDS Engineering Skills Investment Plan) • Championed a new skills agenda (viz. Engineering SIP); • Bringing more coherence to industry leadership (with others) • New ~£30M Innovation Centre in Sensors & Sensor Systems • Promoting active industry engagement with new skills initiatives … such as … • ‘Engineering Academy’ - new Colleges/University of Strathclyde initiative: • 80 new places pa – 500 new engineering students at steady state • 2 years at College + transfer to Strathclyde for B.Eng / M.Eng; • proactive engagement of Glasgow companies (internships/scholarships etc) • Input to City brand development. Glasgow Economic Leadership # 5/10
Life Sciences • Major concentration of LS activity: world-class university research, clinical excellence & ‘MedTech’, Stratified Medicine, Pharma manufacturing • Work Stream outputs: • - Glasgow BioCorridor [BioCity (Bellshill) via Glasgow (unis/NHS) to Irvine (GSK] • - South Glasgow Hospitals campus • - West of Scotland Science Park • - Incubation space at Strathclyde and Glasgow universities • - £24m Stratified Medicine Innovation Centre • Life Technologies / Universities of Glasgow & Strathclyde / Med Schools/NHS / SFC • to be based on South Glasgow Hospitals campus • Prof. Anna Dominiczak : “couldn’t have won this without GEL work stream” • Identifying life/health science trade exhibitions to attract to Glasgow • Work Stream input to City brand development • SE has funded project manager to support work stream’s work. Glasgow Economic Leadership # 6/10
Financial & Business Services • Glasgow has a proventrack record of success - IFSD • Work Stream outputs: • - SDI support to identify new market / investment opportunities • recent investment success (KPMG tax centre of excellence, 150 jobs) • encouraging pipeline • regulatory compliance & risk management; legal services; client / data confidentiality; technology / software / technology companies; ‘re-shoring’ • - development of new Grade A property / IFSD Phase II • - new Grade A developments (Queen St, St Vincent St, Scottish Power) - new ‘development framework’ for expanded IFSD Phase II (to Charing X) • - to develop an industry led, coordinated “skills proposition” for F&BS sector in Glasgow - SDS committed to fund project manager to work to new Skills sub-group • Work Stream leader input to City brand development; Glasgow Economic Leadership # 7/10
Tourism & Events • Opportunity to build on Commonwealth Games platform • Work Stream outputs: • - new Glasgow Tourism & Events Strategy to 2016; • newprivate sector-led Tourism & Events Leadership Group • +ve influence on new City Centre strategy (extending the city centre “offer”) • - strategic commercial exploitation of Mackintosh heritage • key IP owners agreement to ‘Mackintosh world tour’ (from 2018) • promoting Glasgow as UK’s most events-friendly city • Events audit / re-commit to City Events Charter • attract more foreign students to Glasgow • - ‘City of Education’ - GCMB / HEIs (HEI committed to fund project manager) Glasgow Economic Leadership # 8/10
Higher & Further Education • Build & promote Glasgow as the UK’s largest centre of Higher & Further Education in the UK (outwith London) • Work Stream outputs: • - Enterprise & innovation: - £24m+ Stratified Medicine and £10m+ Sensor & Imaging Systems Innovation Centres in Glasgow - more to follow (Industrial Biotech, Oil & Gas…) • - Internationalising HFE in Glasgow: • ‘City of Education’ - GCMB / HEIs + HEI commitment to FT fund project manager) • - Progression & inclusion: maximising FE/HE progression • Engineering Academy • - Culture, community & place: support city’s culture, communities & places: • - North Quarter (formerly ‘Avenue of the Arts’) – GCC to lead new partnership; - Kelvin Hall: University of Glasgow / Glasgow Life collections (incl. Mackintosh) - City Centre ‘Learning Quarter’ - SU / CoGC / G-CAL (to be developed further) … Glasgow Economic Leadership # 9/10
Glasgow Economic Leadership – other issues • Infrastructure & Investment issues • be it TiF, BID, ADZ, SPZ, EZ etc. • supportive of prospective Glasgow City Council ‘City Deal’ bid to UK Government/HM Treasury. • Greater business engagement in economic life of the city • In key sectors….. Complementing national priorities • championing greater business partnering with Glasgow’s schools (eg Aggreko & St Mungo’s; Edrington Group & Drumchapel High and others…………..) • greater business engagement with skills / skills development (Engineering Academy, key sector. regional SIPs) • Glasgow’s international branding and marketing • - new city brand architecture to support investment in Glasgow’s key sector / assets • - new investment Prospect for Retail, Hotel and Commercial Office development • The Triple helix! • … Business, City, agencies & academia coming together to Let Glasgow Flourish. Glasgow Economic Leadership # 10/10