1. CPIER Business Briefing GCP AGM
Dame Kate Barker
Chair, CPIEC

2. Summary of review
14 key recommendations, and 13 subsidiary recommendations:
Infrastructure
Housing
Spatial Planning
Health and Well-being
Early Years, Education and Skills
Market Towns
Governance

3. Economic Growth The GVA target in the Devolution Deal
Important to keep faith with it. A stretch target. Challenges:
Employment rate very high at the moment. Cannot grow without productivity improvements forever!

4. Strong evidence for exceptional employment growth

5. Business Employment Growth outperforming official figures
Industrial strategy – a systems approach needed
Complementarity of KI and non-KI sectors

6. Inclusive Growth
Clear inequalities in productivity:

7. Growth in GVA per head
Source: ONS Regional Account. Note – figures unadjusted for inflation

8. The risk to the economy
Base Case modelling – damage caused by housing and infrastructure costs
Employment (1000’s)
The employment growth rate is our central projection, showing the long term rate returning to the short term rate. The ‘Base case’ assumes housing and infrastructure built as planned. When the costs from housing prices and increased journey times are fed back into the model via business costs, employment starts to fall as businesses move away/reduce their staff

9. Infrastructure
Also various utilities recommendations for those who are interested – energy provision, flooding… see the report!

10. Governance
C&P – an area where many parties have an interest. There’s a need for all of them to co-operate more fully.

11. Move to implementation
Mayor James Palmer has accepted the fourteen key recommendations
A need now for prioritisation
A clear spatial and transport plan
Central government engagement
Fiscal devolution requires strong case and sound proposals
Keep focus on well-being of all