Herefordshire Business Summit

Friday 28th February 2014

Welcome

Peter Brown Herefordshire Business Board

The Marches Strategic Economic Plan:

“Accelerating Growth though Opportunity”

Graham Wynn OBE – Chair, Marches LEP

“A strong, diverse and enterprising business base, operating in an exceptional and

connected environment, where the transfer of technology and skills foster innovation,

investment and economic growth” The Vision for the Marches LEP

http://www.marcheslep.org.uk/

Our Business Community

•28,000 businesses

•£10 billion contribution

•Large national & multi nationals

•86% employ less than 10

•11.5% self employment

Core Strengths

•Advanced Manufacturing

•Agriculture / Agri-Tech /

Food & Drink

•Defence & Securities

Opportunities

•Tourism & Leisure

(including B/T)

•Environmental

Technologies

•Social Enterprise

Our LEP Board

Sub Groups

•LEP Funding Forum Chair - Cllr Roger Phillips, Herefordshire Council •Marches Skills Board Chair- Prof. Ian Oakes , University of Wolverhampton •Marches Planning & Housing Partnership Chair- Peter Roach , Bournville Village Trust •Hereford Enterprise Zone Board Chair – Bill Jackson, Jackson Property •Marches Local Transport Body Chair- Cllr Bill McClements, Telford & Wrekin Council • Agri-Tech, Food & Drink Chair – Dr David Llewellyn, Harper Adams University

Council Leaders

Cllr Tony Johnson -

Herefordshire

Cllr Keith Barrow -

Shropshire

Cllr Kuldip Sahota -

Telford

Chair

Graham Wynn OBE

Co-opted Business Champions

Dr David Llewellyn, Harper Adams

University

Peter Roach, Bournville Village Trust

Higher Education Champion

Professor Ian Oakes - University of

Wolverhampton

Hereford Enterprise Zone

Bill Jackson, Chairman

Business Board Chairs

Peter Brown-

Herefordshire

Mandy Thorn -

Shropshire

tbc - Telford

Our Successes

•£ 25 million new money

•Growing Places Fund

•Hereford Enterprise Zone

•Marches Redundant

Building Grant Scheme

So What’s Holding Herefordshire Up?

•Transport Infrastructure •River Phosphates Challenge •Critical Mass •Young People ↓ Retired↑ •Low Average Wages •Educational Attainment

Our SEP Proposition

•Build 72,000 more homes

by 2031

•Business support to deliver

38,000 jobs

•Upskill our Workforce

•Reduce Youth Unemployment

What We Have Asked For

•Marches Investment Fund

•New partnership with Government to deliver

more growth

•A Community Budget to address Youth

Unemployment

Community Budget

•To address youth unemployment

•16-24 yr olds – co-ordinated support

•Support employers to create

apprenticeships

•Addressing barriers to employment

Final Comments

Thank You for Your Attention

A Masterplan for Herefordshire

Alistair Neill

Chief Executive Herefordshire Council

http://www.marcheslep.org.uk/

Building our economic master-plan

• Business Summit, 28th Feb 2014

Building our economic master-plan

• Working through our LEP

• Providing the LEP with the ammunition to do its work.

• Giving us the tools to ‘sell’ the benefits of investing in Herefordshire.

Strong foundations

• £252 mill capital investment scheduled

• 8,775 new jobs planned

• 114 hectares of employment land

• 16,500 new homes

Looking ahead – let’s be ready • 2010 – public debt: £600 bill

• 2015 – public debt: £1,300 bill

• ……..Rising at £280 mill per day

• ………..Costing £50 bill p.a. to service the interest.

• Big changes inevitable – we need to stand out as a competitive county among competing regions.

• Business needs to be in driving seat – supported by the public sector

council is dealing with huge funding cuts

• Herefordshire Council fully engaged with need to radically

change and reduce its costs.

• On target to reduce expenditure by over £67 mill by 2016/17.

3 goals for our master-plan

1. Agree our economic priorities and our focus

2. Plan how to deliver these

3. Present these coherently to Investors

What Priorities?

•2 are showstoppers – if we really build our ambitions around them, they can become our rocket launchers:-

• Educational Attainment

• Skills

The New university of Herefordshire

• Key to success

• Can become one of the biggest cogs driving our economic machine.

• Fundamental for the right skills.

• Fundamental to have them in Herefordshire.

Our Masterplan will have worked if…

•…..we succeed in closing the earnings gap with the West Midlands and UK:-

•

• £20,000 Herefordshire

• £25,000 West Midlands

• £27,000 UK

Our economic master-plan proposal

• 15 years, split into 3 blocks of 5 years.

• Incorporating our scheduled plans.

• Building on our ambitions.

• Showing how they connect.

• Containing our stretch goals.

Private sector needs to own it, lead it.

We’ll support getting there.

• Now it’s your turn –

• how can we drive economic development by building Herefordshire’s Economic Master-plan?

Breakout Session Themes:

• Transport and Infrastructure

• Broadband

• Housing

• Business Support

• Construction

• Environment

• Education, Employability and Skills

• Funding and Finance

Feedback & Q&As

Chaired by: Peter Brown Graham Wynn, Marches LEP

Alistair Neill, Chief Executive Herefordshire Council

Cllr Tony Johnson, Leader of Herefordshire Council

What Next?

Graham Wynn

Marches LEP

Close

Peter Brown

Herefordshire Business Board