GREATER CAMBRIDGE ECONOMIC OPPORTUNITES

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Presentation transcript:

GREATER CAMBRIDGE ECONOMIC OPPORTUNITES Adrian Cannard, Director of Strategy

Partnership of business, academia and local government Has access to infrastructure funding up to 2021 Longer term view in an Economic Strategy

Internationally Competitive / Nationally Significant

Sector themes Life Sciences Food and Drink (Agri-Tech) Aerospace, Automotive and Defence Clean-tech Digital and Creative

Our spatial approach Fostering and spreading the Cambridge phenomenon Establishing Greater Peterborough as a premier business location Addressing challenges of rural areas and releasing the potential of the Market Towns

LOCALISED CHALLENGES TO ECONOMIC PERFORMANCE Transport infrastructure - A14, A10, A428, A505, A1307, M11 + rail services Skills Housing Quality of Life Technology - connectivity  

TRANSPORT INFRASTRUCTURE A1(M) Oxford to Cambridge A428 A14

NATIONAL INVESTMENT A14

LOCAL INVESTMENT

£147M 15,500 INFRASTRUCTURE & GROWTH GROWING PLACES LOAN FUND GROWTH DEAL FUNDING SECURED BY LEP 15,500 JOBS TO BE CREATED AS A RESULT OF LEP GD INVESTMENT GROWING PLACES LOAN FUND £16M ORIGINAL ALLOCATION UNLOCKING GROWTH

22 21 £15K LEADERSHIP INWARD INVESTMENT & INNOVATION COUNTRIES CONNECTED WITH 21 INWARD INVESTMENT SUCCESSES IN FIRST THREE QUARTERS OF YEAR… MORE TO COME TOOK CAMBRIDGE BRAND TO MIPIM UK FOR FIRST TIME £15K NATIONAL PHYSICAL LABORATORY (NPL): PRODUCT VERIFICATION SECURED SCIENCE & INNOVATION AUDIT FOR EAST OF ENGLAND LEADERSHIP

EUROPEAN FUNDING 40% EUROPEAN REGIONAL DEVELOPMENT FUND (ERDF) COMMITTED - £15M SUPPORTING £30 MILLION WORTH OF PROJECTS £18M EUROPEAN SOCIAL FUND COMMITTED SUPPORTING £36 MILLION WORTH OF EMPLOYABILITY AND SKILLS PROVISION

SKILLS 140 SCHOOLS & SIXTH FORM COLLEGES CONNECTED WITH 7 LOCAL AUTHORITY AREAS COVERED BY SIGNPOST 2 SKILLS £720,000 LEP FUNDING FOR UNIVERSITY FOR PETERBOROUGH 2,000 + BUSINESSES ENGAGED IN SIGNPOST 2 SKILLS WORK

POLL QUESTION 1 Does the private sector see the Greater Cambridge area as a focus for long term economic growth? YES / NO

POLL QUESTION 2 Should public investment be used to spread economic growth to locations outside Greater Cambridge? YES / NO

www.gcgp.co.uk