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Towards a ‘Sub-National Growth Prospectus’

Towards a ‘Sub-National Growth Prospectus’ . Andrew Pritchard Director of Policy & Infrastructure . Introduction . Background Key Sectors Housing Growth Investment Corridors Investment Themes Any Questions? . £800 million investment in MML announced by DfT in July 2012

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Towards a ‘Sub-National Growth Prospectus’

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  1. Towards a ‘Sub-National Growth Prospectus’ Andrew Pritchard Director of Policy & Infrastructure

  2. Introduction • Background • Key Sectors • Housing Growth • Investment Corridors • Investment Themes • Any Questions?

  3. £800 million investment in MML announced by DfT in July 2012 Councils, LEPs, MPs and businesses all singing the same song Intervention of BIS in highlighting the direct and wider economic benefits was crucial Some Good News!

  4. EM has lost out on funding for affordable housing & regeneration since 2010 Government does not appear to recognise the potential of the EM (TAFKAAR) Fragmented nature of the EM makes it difficult to articulate a case Some bad news!

  5. A Sub-National Growth Prospectus • To set out a clear ‘growth offer’ to Government (via Nick Boles on the 15 Feb) • To provide a strategic context for LEPs and councils • To provide a basis for prioritising strategic infrastructure investment • To help inform future European programmes

  6. To respond to the competition from London, Scotland and the ‘City Regions’ And also…

  7. What might it look like? • Based on the EM - but not confined to traditional boundaries • Short (8-12 pages max) • High level - but underpinned by robust economic analysis with links to more detailed work where available • Setting our a clear and positive investment case – not a moan!

  8. Locally Owned Housing Priorities (Councils) National Infrastructure Plan (Treasury) Sector Priorities (BIS) Economic Narrative & Spatial Vision Strategic Infrastructure Priorities Methodology

  9. ‘Heartlands of Opportunity’ • The eastern Midlands is the manufacturing heart of England and can make a major contribution to export-led growth • It is well placed to deliver against the Government’s housing growth and industrial priorities • Investing here will give a better return than in many other parts of England

  10. Key Sectors • Manufacturing: M1 Corridor, Lincoln • High Performance Technologies: Derby/Nottingham, Northamptonshire • Food & Drink: Lincolnshire, Melton, East Northants • Construction & Logistics: M1 Corridor • Life Sciences: Nottingham, Leicester

  11. Housing Growth Opportunities • Eastern Triangle (Lincoln/Newark/Grantham) • 3 Cities (Derby/Leicester/Nottingham) • Northamptonshire Arc (Northampton & surrounding towns

  12. East - West Investment Corridors • 1: Humber Ports to West Midlands (A46/A38/ Grimsby-Birmingham Rail Corridor) • 2: Haven Ports to West Midlands (A14/ Felix-Nun Rail Corridor) • 3: South East to West Midlands (A5/WCML/HS2 Phase 1)

  13. North - South Investment Corridors • 4: South East – South Yorkshire (M25/M1/MML/HS2 phase 2) • 5: South East to West Yorkshire (M25/A1/A14/ECML/HS2 Phase 2)

  14. 6. Exploiting Broadband • ICT is linked to improved business systems, e-commerce and design and innovation • Studies have confirmed that increased broadband penetration can have a significant (and quick) GVA uplift – plus 3.8% in East Midlands (£2.4 billion) • However it is clear that the market will not deliver super fast broadband to everyone – particularly in more rural areas and some deprived urban communities

  15. EM has the largest proportion of land at risk of flooding (17%) of any region of England Impact on food production and the dynamic urban economies Insurance a key issue 7. Flood Resilience

  16. 8. Energy Resilience • EM is a net exporter of electricity • However much of this is carbon based (coal fired power stations in the Trent Valley) • De-carbonising the grid and improving energy efficiency key challenges • EM can help drive a national move towards a low carbon economy

  17. 9. Local Connectivity • The EM has always delivered a high proportion of England’s new housing • The are locally owned plans for significant levels of housing growth • Local connecting infrastructure is often a key constraint • Should the EM based LEPs get a greater share of the Growing Places fund as a result?

  18. 10. Building Local Capacity • There are a concentrations of local companies that are well placed to benefit from infrastructure investment • Developing a sub-national pipeline of infrastructure projects would give local companies a better chance to win contracts and build local supply chains

  19. And finally… …Any Questions?

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