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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. Enterprise & Environment Directorate 6 Enterprise & Environment Directorate 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 Policy Levers Inputs E.g. Scotland’s Economic Strategy Tax & Welfare E.g. Population GVA Dynamic Economic System Outputs Labour e.g. skills travel times Economic & social e.g. GVA Productivity Land e.g. housing Employment Vacant Industry e.g. mix Size R&D Financial returns e.g. Tax income Social dividends 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: http://www.acceleratinggrowth.org.uk/ Enterprise & Environment Directorate Context for the City Deal Enterprise & Environment A £33 billion economy, benefitting from healthy GDP Directorate growth and a diverse range of strengths across a variety of sectors Industry percentage share of total GVA 2012 Clackmannanshire and Fife West Lothian Source: ONS East Lothian and Midlothian City of Edinburgh Scottish Borders However, there are a significant number of deprived areas Enterprise & Environment Directorate across the region resulting in “dual-peak” income distributions Deprivation index Source: Scottish Index of Multiple Deprivation 2012 Source: Local incomes and poverty in Scotland”, Heriot Watt University and Improvement Service. Part of the solution could be to better utilise the well Enterprise & Environment Directorate educated population to address the productivity challenges the region faces . . . % population 60 % of population (18 – 64) educated to NVQ4+ level, 2014 50 40 30 20 10 - Source: ONS Source: Nomis, Annual population Survey . . . and build on planned investments inEnterprise physical andDirectorate & Environment digital infrastructure to address connectivity Travel times into Edinburgh city centre <1.5 hours 1 -1.5 hrs 30-60 mins <30 mins