Economic Inclusion and Economic Growth Waheed Nazir Director of Planning & Regeneration Birmingham City Council

Greater Birmingham and Solihull LEP  Established October 2010  Business, Education and Local Authority Partnership  Economic geography  2 million people  840,000 jobs

Government’s chosen vehicle –Enterprise Zones –Pooled Business Rates –Deploying grant funding (Growing Places Funding) –Local Transport Bodies –Directing EU Funding – ESF/ERDF –Single Local Growth Fund –Local skills strategies –Business support framework –City / Growth Deals

City Deal 1 10,000 additional jobs, building on the 40,000 created in the Enterprise Zone 3,600 additional apprenticeships 2,800 additional new homes through shared public asset investment Institute of Translational Medicine 15,000 homes retrofitted and insulated, alleviating fuel poverty Establish an evergreen fund for recycling £1.5bn public sector investments

Strategy for Growth Economic plan underpins all LEP activity based around supporting business, people and place Ambitious targets, by 2020: –A net increase of at least 100,000 private sector jobs –A net increase of at least £8.25 billion GVA –A decrease in unemployment across the LEP to fall in line with at least the national average –An increase in GVA per-head across the LEP to meet the national average –An increase in the percentage of the working-age population with NVQ3+ to be above the Core City LEP average GBSLEP

Spatial Plan for Recovery & Growth (SPRG) to sit alongside and provide the spatial expression of the GBSLEP Strategy for Growth Provide the context for individual local development plans Long term, look ahead 20+ years looking at the scale and distribution of growth Provide a focus for relationships with adjoining LEPs GBSLEP Spatial Plan for Recovery and Growth

Previously known as M42 Economic Gateway Masterplan published June 2013 showing potential of area up to 2040 Outlines how area around NEC and Airport could be developed to create 100,000 jobs and boost GVP by £19.5bn Proposes measures needed to capitalise on gateway, such as: Investment in local connectivity, including new modes of rapid transit Investment in J6 of M42 to facilitate growth of Airport and NEC Creation of special purpose vehicle Piloting single growth fund UK Central

City Centre Enterprise Zone Designated April 2011 Largest EZ in UK - 26 sites across 70 hectares Based upon sectoral strengths A business rate discount worth up to £55,000 per year per occupier Radically simplified planning approaches – 2 LDO’s in place Support for superfast broadband UKTI support for inward investment Retention of business rates for 25 years – enables use of TIF model