Innovation in SW Agenda What is a LEP Our priorities Chris Garcia HotSW LEP Agenda What is a LEP Our priorities Innovation funding Devolution S & I Audit

What is a LEP?? What the LEP is not: An agency of Government like RDA, designed as a delivery arm of central government, nor are we simply a funding body. What the LEP is: A local platform for collaboration across public and private sectors, to achieve mutual economic aims

The Heart of the South West LEP Repositioning the Heart of the South West’s profile and reputation, nationally and globally. Connecting people, places, businesses and ideas to transform our economy, securing investment in infrastructure and skills to create more jobs and enable rewarding careers.

Challenges & what business tells us In 2012 the Heart of the South West economy was worth £27.4bn, or £16,318 per person, compared with £21,937 for England: a 26% shortfall. Insufficiently skilled workforce Limited labour market Low rates of innovation Inadequate infrastructure Access to finance Simplified business support.

What have we been doing Identify common priorities Attract resources and investment Make a difference to prosperity

Our priorities Creating the conditions for growth Maximising productivity and employment opportunities Building real global distinctiveness

Resources for innovation – LEP perspective Growth Deal ESIF / post Brexit Structural funding SBRI SW Academic Health Science Network

Supporting HotSW businesses

Introducing Devolution Begun under coalition Govt. UK centralised (economics/politically) Series of ‘Devolution Deals’ with areas. Led by local authorities, LEPs are closely involved HotSW submitted a statement of intent in September, agreed A Prospectus for Productivity end January.

Devolution through a ‘Productivity Plan’ ( People: who are healthy and with skills they need access higher value jobs and grow their careers with Heart of the South West businesses Business: 163,000 additional jobs and GVA uplift of £4 billion Place: A long term plan for sustainable growth supported by modern infrastructure and accelerated housing delivery of 179,000 homes by 2030 Plan Productivity Single pot investment

SW England & SE Wales Science and Innovation Audit

Business intelligence & market needs LEP / LA economic knowledge & data Business intelligence & market needs Own research expertise.…….. Market direction...… R&D priorities… Staffing Business landscape…… Innovation infrastructure… Skills pipeline Science & Innovation Audit Framework & methodology… National data……. Foresight…….… International context………….. Research expertise… Facilities & equipment……. Graduates & Postgrads…….… International Links………….. Local HEI and RTO knowledge & data National & International

Defence Nuclear Aerospace & Advanced Engineering Aerospace Automotive/Propulsion Systems Defence Nuclear Industrial Biotech. / Sustainable Chemistry / High Value Manufacturing Public Health

High Value Design & Integration Composites Materials >150 academics & >600 PhDs (2008-14) >£75m annual research income 5 recent awards over £1m – all industrial collaborations 10+ Institutes & Centres based at Unis / Science Parks – more planned 7,775 businesses , employing 98,100 people Data High Value Design & Integration Composites Materials Opportunities

New Energy Systems Nuclear – “It’s more than Hinkley”… Marine-based renewables Hydrogen storage & fuel cells Distributed Smart Energy Systems

Digital Living Smart Cities/Regions and Smart Transport Digital Health Key technologies drive the agenda. We have world leadership in: Microelectronics & silicon design, Microprocessors, RF, Wireless Cloud computing, infrastructure, bespoke platforms Content production, natural history Robotics, autonomous systems, synthetic tissue Digital Health (Population Health & Healthy ageing) Digital Creative economy Smart Cities/Regions and Smart Transport

Digital Integration VR / AR Quantum Engineering Data Opportunities >630 researchers Research income >£260m (2008-14) Digital Health: 70 companies, employing >11,000 people Digital Creative: 500 companies, employing 15,900 Data Digital Integration VR / AR Quantum Engineering Opportunities

Thank you & Questions Chris Garcia www.heartofswlep.co.uk