Enterprise & Environment Directorate TRANSPORT FOR REGIONAL GROWTH 5 NOVEMBER 2015 Keith Winter, Executive Director, Enterprise and Environment, Fife Council

Enterprise & Environment Directorate City Deals Promote economic growth through targeted public investment; 25+ in the UK – and growing; Benefits for Government(s); Benefits for City Regions.

Enterprise & Environment Directorate In outline Six partner Councils bid to the UK and Scottish Governments; Expected bid for £1bn public sector investment; Aim to lever in additional private sector investment of £3.2bn; 10 year programme of implementation – payback over 20 years.

Enterprise & Environment Directorate Our Vision In a fast-changing world we will create a region where investment, intellect and culture will fuse to create new ways of doing things. In the next 20 years the Edinburgh and South East Scotland City Region will become the most connected, most creative, most inclusive and most entrepreneurial place in Europe. We will build a network of businesses, universities, technical and creative skills attracted by a great lifestyle and cultural offer.

Enterprise & Environment Directorate A City Deal to help deliver Our Vision A single approach (based on the regional labour market) to measuring the economic & fiscal impacts of potential projects – to establish a single set of priorities for investment. A clear & integrated regional infrastructure strategy and delivery plan. Establish a £1bn Infrastructure Fund to accelerate economic growth; enhance productivity across the region and tackle inequalities. Develop a regional Low Carbon Fund. Building on and accelerating SESPlan’s vision for place and its Action Plans. Greater autonomy/ decision-making power at regional level.

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Infrastructure – areas of focus Transport Housing Economic Regeneration & Development Broadband & digital connectivity Low Carbon

Enterprise & Environment Directorate But more than infrastructure City Deal Infrastructure Fund Innovation Fund Employability Fund

Enterprise & Environment Directorate Latest Position Revised Prospectus submitted September with vision for City region and “asks” of both UK and Scottish governments. Economic models built - projects now being reviewed Engaging with UK and Scottish Governments; other stakeholders.

Enterprise & Environment Directorate A “real economy” approach to economic model Inputs E.g. Population GVA Policy Levers E.g. Scotland’s Economic Strategy Tax & Welfare Dynamic Economic System Outputs Industry e.g. mix Size R&D Land e.g. housing Employment Vacant Labour e.g. skills travel times Financial returns e.g. Tax income Social dividends Economic & social e.g. GVA Productivity

Enterprise & Environment Directorate Linked agendas for RTS and City Deal Economic Vision and model for city region Most of infrastructure long list from SDP/ STP/NPF3 Single assessment framework Key contributor to our track record of joint delivery Shared stakeholders – developers; utility providers; major employers Developer Contributions.

Enterprise & Environment Directorate Collaboration Essential not just about Councils Universities/Colleges Business community (large, medium and small) SESplan SEStran NHS Scottish Enterprise & Business Gateway

Enterprise & Environment Directorate Keep up to date with the City Deal Information on progress and the opportunity to support the city deal; Business support will strengthen case for City Deal with government – please sign up at:

Enterprise & Environment Directorate Context for the City Deal

Enterprise & Environment Directorate A £33 billion economy, benefitting from healthy GDP growth and a diverse range of strengths across a variety of sectors Source: ONS Industry percentage share of total GVA 2012

Enterprise & Environment Directorate However, there are a significant number of deprived areas across the region resulting in “dual-peak” income distributions Deprivation index Source: Local incomes and poverty in Scotland”, Heriot Watt University and Improvement Service. Source: Scottish Index of Multiple Deprivation 2012

Enterprise & Environment Directorate Part of the solution could be to better utilise the well educated population to address the productivity challenges the region faces... Source: ONS Source: Nomis, Annual population Survey

Enterprise & Environment Directorate Travel times into Edinburgh city centre... and build on planned investments in physical and digital infrastructure to address connectivity <30 mins mins hrs <1.5 hours