Transformation in the era of devolution Stuart Jarvis Director of Economy, Transport and Environment

OUR Priorities: Productivity Quality of Life Accountability ‘ Our vision “Ambitious and independent local people and businesses, shaping their own future in globally competitive cities, prosperous towns, sustainable villages and productive countryside.” ‘we believe in our area and want to shape its future together’

To Deliver Higher Productivity We will Build more homes: 80,000 by 2024 Invest in infrastructure Raise the skills of our workforce and get more people into work Help businesses start up and expand Raise HIOW productivity to South East average: a £3bn boost to UK plc Integrate business support, skills, training and welfare systems to support growth In return we are asking Govt. to Guarantee infrastructure funding, support our Housing Delivery Fund and release Government land Devolve skills funding and ultimately the Work Programme Devolve business support and elements of UKTI The HIOW Economy

76,000 units by 2024 Deliver infrastructure to unlock sites Large sites: 3,000 + Medium and small sites (50% of total housing supply) 4,000 additional homes in priority tenures surplus public and, exceptions sites etc. Accelerating Housing Delivery

Transport Mobility and journey time reliability for goods and people Highways England, County and Local Roads – access and capacity Passenger Transport Executive under discussion  Strategic Rail Infrastructure  Rail Franchises  Bus Operations and Networks  Smart ticketing  PT Co-ordination

Outline Funding Model Pooled Business Rates Baseline Funding (“No Worse Off” - relative) Residual to Distribute Reward for Business Growth Reward for Housing Growth Relative Need Infrastructure & Productivity Financial Protection

Spreading the Benefits of Devolution ‘Deeper Devolution’ This deal is not only about Cities and large housing developments….

For further information on Hampshire and Isle of Wight’s proposals for devolution to the area please see prospectus.htm