The Midlands LEPsGrowth Strategies
Moderator: Courtney Fingar
Dr David JarvisCoventry University
The Midlands LEPs Growth Strategies
The Midlands LEPs Growth Strategies
David Jarvis & Jennifer Ferreira
20th June 2014
1. The ‘Midlands’: An economic pole
2. Strategies for growth
3. Supra-LEP activity
4. The benefit of an ‘imagined geography’
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The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
• Text Box
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The Midlands as % of England
Population (2013) 19.09
GVA (2012) 15.77
Export trade (2012) 17.83
Expenditure on R&D within businesses (2012) 14.81
Employment Aged 16+ (Feb. 2014) 18.29
Qualifications: NVQ 4 and above (2013) 15.52
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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• West Midlands experienced the largest percentage increase in exports between 2010 and 2013 (19.3%) of any English region
• Compares to overall declines over the same period in the North West, London and the South East
• Top export partners by value
• West Midlands: China, USA, Germany, France, Netherlands
• East Midlands: USA, Germany, Belgium, Singapore, Ireland
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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Source: E&Y UK Attractiveness Survey (2014)
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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Employment created through FDI 2012(Percentage of total for England)
Source: E&Y UK Attractiveness Survey (2014)
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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West Midlands• Greater Birmingham & Solihull• Coventry & Warwickshire• Stoke on Trent & Staffordshire• The Black Country• The Marches• Worcestershire
East Midlands• Derby, Derbyshire, Nottingham and Nottinghamshire• Greater Lincolnshire• Leicester and Leicestershire• Northamptonshire• South East Midlands• Greater Cambridgeshire and Peterborough• Sheffield City Region
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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• Enterprise deaths net change was between -0.1 and 1.2% compared to a England average of 1.5%
• Highest enterprise births in South East Midlands: 7,360
• Highest Enterprise deaths in Greater Birmingham and Solihull: 6,725
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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• Huge variation in the nature, length and thoroughness of strategic economic plans
• There is a need for greater emphasis on long term economic sustainability and resilience to work alongside the immediate demand for rapid productivity gains
• Differentiation, but still all focusing on the same themes….
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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West Midlands LEPs
Business People Place
Innovation and R&D
Stimulating Business
Entrepreneurship
Skills & Workforce Development
Employability
Social Inclusion
RuralTown centres
Sites and Premises
Housing
Transport
Place promotion
Infrastructure
Black Country
Coventry and Warwickshire
Greater Birmingham &Solihull ?
Marches
Stoke-on-Trent and Staffordshire
Worcestershire
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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East Midlands LEP
Business People Place
Innovation and R&D
Stimulating Business
Entrepreneurship
Skills & Workforce Development
Employability
Social Inclusion
RuralTown centres
Sites and Premises
Housing
Transport
Place promotion
Infrastructure
Derby, Derbyshire, Nottingham and Nottinghamshire
Greater Cambridge and Peterborough
Greater Lincolnshire Leicester and Leicestershire
Northamptonshire Sheffield City Region South East Midlands
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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• All except The Marches and Greater Lincolnshire cite the importance of maximising the benefit of HS2
– Seen as a catalyst for physical regeneration
– Potential to transform connectivity of the region.
• Other transport based growth aims:
– East Midlands Gateway Rail Freight Interchange - a 250 acre distribution and logistics development alongside East Midlands Airport and the M1.
– Spalding Rail Freight Hub -infrastructure investment to facilitate the development of a 60 hectare rail freight interchange at Deeping Fen to support further growth of food processing.
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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• Is there any advantage to the strategic co-ordination of some economic functions / policy interventions East-West?
• ‘Think Midlands’ could involve co-operation at supra-LEP scale around a set of ‘value-chain’ activities. For example:
– Infrastructure (HS2, regional airports)
– Clusters and value chains (MAA; AMSCI; Formula E)
– Labour markets (challenge of engineering)
– Global inward investment brand
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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An example of actual potential…
The Midlands Aerospace Alliance was formed in 2003 to support and represent the aerospace industry across the Midlands region
• Share knowledge and information– To improve the market and business support opportunities of members
• Deliver support programmes to members– To directly improve the performance of our individual members
• Lead coordination of shared strategy– To ensure that the Midlands voice is fully represented in the formation
of national aerospace strategies and programmes
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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An example of immanent potential…
• Formula E is a new FIA single-seater championship and the world's first fully-electric racing series
• A vision for the future of the motor industry, a framework for R&D and a way of accelerating interest in Low carbon vehicles
• All ten teams will be based at, and develop the cars from, a base at the Donington Park circuit in Leicestershire
• The value of the Formula E supply chain will be between £30m-£50m by 2015 with benefits extending to advanced manufacturing companies across the East and West Midlands
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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• Northern Economic Futures Framework for Growth
• 12 point plan for Northern economic growth
• Establishes a more coherent Northern voice
• Greater ‘Policy traction’ through a Midlands mind-set?
The ‘Midlands’: An economic pole Strategies for growth Supra-LEP activity The benefit of an ‘imagined
geography’
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• Forum 48 - placing the Midlands alongside core regions globally
• Solutions for cities, universities, businesses and place-makers to collaborate more intelligently
• This partnership is the foundation of their global competitive advantage
The Midlands LEPs: East meets West?
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Corin CraneWolverhampton City Council
The Midlands LEPs Growth Strategies
Paul ForrestWest Midlands Economic Forum
The Midlands LEPs Growth Strategies
Q&AModerator: Courtney Fingar
The Midlands LEPsGrowth Strategies
Moderator: Courtney Fingar