2. A New Approach
• ‘NOT Whitehall knows best’
• ‘An end to top down initiatives’
• ‘Shifting power to local communities and businesses
through bodies that represent real economic
geographies’
Local Growth White Paper, October 2010
6. Our Board of Directors
• Chairman – John Peel OBE
• Vice Chairman – Timothy Wates
• 6 Representatives from Business
• 5 Public Sector Council Leaders
• 1 HE/FE Representative
7. Infrastructure
Provided by:
• Brighton & Hove City Council
• London Borough of Croydon
• Surrey County Council
• West Sussex County Council
9. C2C Vision
• Growth will be driven by a clear focus on the twin
priorities of Enterprise and International Growth
• In this way, we will transform business and economic
performance
10. By 2035
The Coast to Capital Area and its businesses will
be able to compete in any International
Marketplace
11. Our Targets
Over 5 Years
• 4,500 new businesses
• 4,000 more exporting businesses
• 20,000 new jobs
Over 25 Years
• 100,000 new jobs
12. Enterprise
• In short, entrepreneurship coupled with high rates of
new businesses spurred on by dynamic trade-led
growth, will in the long term provide the right
competitive environment and source of future
business success
13. International Trade
• Businesses that trade internationally deliver 60% of
UK productivity growth. They will act as the engine
house for improved business growth and
performance across all parts of our economy and
ensure sustainable growth.
14. Finance
Our role is to create favourable conditions for
Private Sector Investment
15. Learning to Date
• We were only formed in January with a Board of Directors in
April
• The role of the LEPs has been well received by both the
Private and Public sectors
• Project funding has quickly become available from
government
• Business and the Area Partnerships are keen to work together
• We are currently identifying key strategic partners from
business
18. Tackling Areas and Groups with Low
Enterprise and Entrepreneurship
To define tightly targeted areas, population
groups and sector specific industries
19. Enterprise & Entrepreneurship
For Young People and Young Adults
Enterprise Education to be embedded
throughout Primary Schools, Secondary Schools,
Colleges and Universities
24. Responsive to Local Needs
• Supporting Local Authorities
• A strong focus on the needs of the local economy
• Finding new ways of tackling challenges in the local
economy
• Providing the right competitive environment and
sources of future business success
25. Wins to Date
• £15m Growing places allocation
• Capacity Grant of £45K for research
• Start-up Grant - £240K
26. The Challenges You Face
• Minimal growth in the economy
• Inflation
• Supplier costs increasing
• Slow decision making on the behalf of buyers
• Inability to raise finance
• Difficulties in recruiting the right staff
27. Supporting Business
• Driving national priorities such as broadband
• Providing the right competitive environment
• Promoting new business areas
• Introducing enterprise into schools and colleges
• Providing access to new markets
28. Planned Events
• Coast to Capital Forum
• Internationalisation Conference
• BDUK deadlines
• Growing Places
• Research issued.
29. Businesses Say
• The area now has a strong vision for economic development and a focus for
strategic investments into the area.
Thales UK
• Partnership working is an important part of the way we operate to support the
wider community.
Dave Shemmans, CEO Ricardo plc
• We especially support the emphasis on enterprise and entrepreneurship and the
education and development of the individual.
Clive Behagg, University of Chichester
Who We Are, How We Plan to Work With You What We Will Achieve
‘ It is the private sector that can best provide the most professional, customer focused help’ ‘ The government’s role is to facilitate that help and make the market work better for business
These Area Partnerships were selected as part of our bid: GATWICK DIAMOND – recognised as one of the South East’s key growth areas BRIGHTON & HOVE – significant local economy CROYDON – an important link to London COASTAL WEST SUSSEX – Huge potential for employment growth RURAL WEST SUSSEX – Thriving and diverse economy
Private Sector Led
5 (equivalent) Staff from West Sussex County Council Financial Contributions from Brighton & Hove and Croydon LAs 14 Board Members DMH Stallard – managed independent board recruitment Secretariat from Thomas Eggar & PWC Communications & Marketing help from Marketing Leadership Capacity Grant of £45K for research (confirmation of targets) Bid for a Start-up Grant - £240K ( Matched & spent by 03/12) Discussions with many potential partners, banks etc Ron Crank - Director of Coast to Capital Gary Rustell - Communications and engagement
Our Role is to Make Things Happen Our Vision and Strategies
We Will Release the True Private Sector Potential of Our Area Our vision is straightforward and exciting
We will have developed an economy that is trade-led with a business community that is outward looking, investment led and driven by the need to be innovative We will have a more skilled workforce delivering high value and knowledge-driven products and services
Growth is Central to the Success of Our Local Economy
Creating the Right Conditions for Business to Flourish
Internationalisation is Closely Linked to Innovation
We expect 90% of the investment we require to deliver our growth to come from the private sector We will work with businesses to create the right investment decisions and help source funding for growth
Tackling areas and groups with low enterprise and entrepreneurship Enterprise & Entrepreneurship For Young People and Young Adults Business growth through entrepreneurship
Juliette Green Planned outputs: Increase the levels of business formation Minimise business failure Embed enterprise into local communities Increase the overall levels of enterprise
Russell Strutt
Iain Shepherd
The Challenges Faced by Communities Are Not the Same