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GREATER CAMBRIDGE ECONOMIC OPPORTUNITES

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Presentation on theme: "GREATER CAMBRIDGE ECONOMIC OPPORTUNITES"— Presentation transcript:

1 GREATER CAMBRIDGE ECONOMIC OPPORTUNITES
Adrian Cannard, Director of Strategy

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

3 Internationally Competitive / Nationally Significant

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

7 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

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

12 TRANSPORT INFRASTRUCTURE
A1(M) Oxford to Cambridge A428 A14

13 NATIONAL INVESTMENT A14

14 LOCAL INVESTMENT

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18 £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

19 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

20 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

21 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

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

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

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