Development of a Stoke-on-Trent & Staffordshire Industrial Strategy (SSIS) Executive Board 18.10.18.

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Presentation transcript:

Development of a Stoke-on-Trent & Staffordshire Industrial Strategy (SSIS) Executive Board 18.10.18

National Perspective – A Local Industrial Strategy which sets out: How places will maximise their contribution to UK productivity through capitalising on distinctive local strengths The LEP’s approach to future local growth funding – a policy framework against which investment decisions are made Priorities and choices demonstrating inclusive growth – maximising the long-term impact of UKSPF Based on the National Industrial Strategy as the starting point Event title here

Stoke-on-Trent & Staffordshire Perspective - A Local Industrial Strategy which sets out: Clearly defined objectives, based on robust evidence and strong local knowledge of: - our strengths and weaknesses - market opportunities and failures A shared, long-term vision resulting from extensive consultation with local businesses and other partners – visionary and unique to Stoke-on-Trent & Staffordshire The key areas that can be accelerated most rapidly through collaboration beyond the LEP (e.g. as a member of Midlands Engine) Event title here

LEP Network/MHCLG Perspective - A Local Industrial Strategy should: Learn from previous strategies and interventions to see what has worked and what has not Link to the National IS five pillars and grand challenges Make sure there is depth of analysis , identifying sector strengths, management practices, graduates in the workforce, in-work progression, older workers, innovation etc. Be creative in what they propose and the use of data Be credible and shared with partners Be actionable and lead to clear actions Have a framework to monitor, evaluate and track progress Event title here

Developing the Industrial Strategy (SSIS) – Proposed Governance: Setting vision & strategic objectives of the SSIS Ensuring wider engagement of businesses & partners Monitoring & evaluating plans in line with SSIS Executive Board Providing a strategic steer for the Executive Board Establishing processes for developing, implementing, monitoring and reviewing the SSIS Tasking the Working Group SSIS Steering Group Lead: Alun Rogers Gathering and collating evidence in support of the SSIS Making recommendations to the Steering Group Carrying out tasks delegated by the Steering Group SSIS Working Group Lead: Peter Davenport Event title here

Developing the Industrial Strategy (SSIS) – Proposed Action Plan (1 of 2): Workshop with LEP Partnership – Envisioning Event Nov 2018 Purpose – explore future possibilities for S&S economy; develop a vision and broad, horizontal policy aims for the SSIS Consolidating the evidence base – ongoing to end Jan 2019 Purpose – review data sources and collate information relevant to the SSIS; identify any gaps Business engagement – end Jan/Feb 2019 Purpose – 8 sectoral engagement events to enhance our knowledge of local issues around improving productivity and accelerating economic growth Event title here

Developing the Industrial Strategy (SSIS) – Proposed Action Plan (2 of 2): Draft strategy position paper – end Mar 2019 Purpose: Present a sketch of the SSIS, incorporating findings from the evidence base review and business/partner engagement Refine the draft SSIS – Summer 2019 Consult on the final draft – Autumn 2019 Purpose: All LEPs to have a LIS in place by Mar 2020 – draw down of future local growth funding is conditional upon agreeing an evidence-based LIS NB: timescales and processes are subject to new information: outcome of the LEP Review, learning from LIS trailblazers, other announcements etc. Event title here