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A New Approach toLocal Economic Growth
Agenda• The Government Vision for LEPs• Our Profile• Our Vision and Strategies• Strategic Alliances• Work Streams• Area Partnerships• Business• To Learn More
Something Different
The Government Vision
A New Approach
• ‘NOT Whitehall knows best’• ‘An end to top down initiatives’• ‘Shifting power to local communities and businesses
through bodies that represent real economic geographies’
Local Growth White Paper, October 2010
Private Sector Led
Realising Every Place’s Potential
HM Government
Coast to Capital Is Born
LEPs Across The UK• National Map of UK WithShaded Areas Where There Are LEPs
Fostering Prosperity in All Parts of the Country – Nick Clegg
Our Board of Directors
• Chairman – John Peel OBE• Vice Chairman – Timothy Wates• 6 Representatives from Business• 5 Public Sector Council Leaders• 1 HE/FE Representative
Infrastructure
Provided by:
• Brighton & Hove City Council• London Borough of Croydon• Surrey County Council• West Sussex County Council
Transforming Business and Economic Performance
C2C Vision
• Growth will be driven by a clear focus on the twin priorities of Enterprise and International Growth
• In this way, we will transform business and economic performance
By 2035
The Coast to Capital Area and its businesses will be able to compete in any International
Marketplace
Our Targets
Over 5 Years• 4,500 new businesses• 4,000 more exporting businesses• 20,000 new jobs
Over 25 Years• 100,000 new jobs
Enterprise
• In short, entrepreneurship coupled with high rates of new businesses spurred on by dynamic trade-led growth, will in the long term provide the right competitive environment and source of future business success
International Trade
• Businesses that trade internationally deliver 60% of UK productivity growth. They will act as the engine house for improved business growth and performance across all parts of our economy and ensure sustainable growth.
Finance
Our role is to create favourable conditions for Private Sector Investment
Learning to Date
• We were only formed in January with a Board of Directors in April
• The role of the LEPs has been well received by both the Private and Public sectors
• Project funding has quickly become available from government
• Business and the Area Partnerships are keen to work together• We are currently identifying key strategic partners from
business
Fulfilling The Promise of Partnering
The Importance of Partnering
• Faster time to value creation• Higher returns from investments• Reduced risk of failure• Improved relationships internally and externally• Transparent processes• Improved partner satisfaction and knowledge development
The Reasons for Failure
• Slow payback• Lack of shared benefits• Lack of ongoing commitment• Objectives diverging over time• Overly optimistic• Poor communications
Business and Local Authority Partners
Area Partnerships SayThe Gatwick Diamond Initiative will benefit from the joined up approach to increased international trade and
enterprise. Paul Gresham, Gatwick Diamond Initiative
We consider it absolutely essential that business and the public sector worktogether to ensure the future sustainability of our way of life.
Iain Shepherd, Coastal West Sussex Partnership working will deliver more fire power when dealing with common issues and challenges.
Tony Mernagh, Brighton & Hove Economic Partnership
By focusing on key priorities together, Coast to Capital will drive employment growth.Mike Fisher, London Borough of Croydon
To Add
Enterprise
Boosting Entrepreneurship and Business Formation
To define tightly targeted areas, population groups and sector specific industries
Tackling Areas and Groups with Low Enterprise and Entrepreneurship
Enterprise Education to be embedded throughout Primary Schools, Secondary Schools,
Colleges and Universities
Enterprise & EntrepreneurshipFor Young People and Young Adults
International Trade
Increasing Those Businesses Who Trade Internationally
Finance
Funding for Business and Projects
Your Vision is Our Vision
The Area Partnerships
Responsive to Local Needs
• Supporting Local Authorities• A strong focus on the needs of the local economy• Finding new ways of tackling challenges in the local
economy• Providing the right competitive environment and
sources of future business success
Role of The Champions
• To be aware of local special needs and address these needs by building relationships with both the local authorities and businesses
• To communicate ‘best practice’ from other area partnerships
• To help broker job creation and other opportunities with relevant bodies
Wins to Date
• £15m Growing places allocation
• Capacity Grant of £45K for research
• Start-up Grant - £240K
• Coast to Capital Area Partnerships meetings• Individual meetings with Area Partnerships• Local events (see next slide)
www.Coast2Capital.org.uk
Plans for Working Together
Planned Events
• International Trade Forum (Sussex Enterprise) 27 Nov• Broadband Meeting with BIS (C2C) 29 Nov
• International Trade Seminars (HSBC) Chichester, Crawley, Gatwick, Shoreham – Dates to be announced
• Enterprise Show (Brighton & Hove) - 3 Dec
• Open for Business (MSDC) - 6 Dec
• FE Colleges Enterprise Summit (C2C) - 10 Dec
• Start Up Road Show (Barclays) - Dates to be announced
Business
The Challenges You Face
• Minimal growth in the economy• Inflation• Supplier costs increasing• Slow decision making on the behalf of buyers• Inability to raise finance• Difficulties in recruiting the right staff
• Driving national priorities such as broadband• Providing the right competitive environment• Promoting new business areas• Introducing enterprise into schools and colleges• Providing access to new markets
Supporting Business
Quick Wins
• After 9 months, substantial awareness and share of voice of Coast to Capital
• Enterprise and International Trade strategies in place • Increased learning and idea generation between Area
Partnerships• Success in applying for government funding
Legislative Change
Planning That Will Actively Encourage Growth
Planned Events
• Update
• www.Coast2Capital.org.uk
Strategic Partners
We are looking for businesses that can:
• Share existing events or help us plan new events• Provide expertise particularly in the areas of Enterprise and
International Trade• Sponsor some of our activities in return for brand promotion
Contact Ron Crank - Director
Other Support
• Provide event support• Promote Coast to Capital to colleagues, partners,
suppliers or local businesses• Promote Coast to Capital through company websites
Contact Ron Crank - Director
Businesses Say
• The area now has a strong vision for economic development and a focus for strategic investments into the area.
Thales UK
• Partnership working is an important part of the way we operate to support the wider community.
Dave Shemmans, CEO Ricardo plc
• We especially support the emphasis on enterprise and entrepreneurship and the education and development of the individual.
Clive Behagg, University of Chichester
Keeping Up to Speed
Available Media
www.Coast2Capital.org.uk