John Peel OBE

Chairman Coast to Capital

Local Enterprise Partnership

Coast to Capital Local Enterprise Partnership

Expression of Interest

The latest map of all 34 LEPs

Why change?

Old approaches have not worked.

They have failed to:

• Rebalance the economy in the North

• Close the gap in regional economic performance

• Respond to political mandate

• Eradicate pockets of severe deprivation

Colin Lovegrove - DCLG

LEPS – what are they?

• Strategic bodies, setting a vision and overall economic priorities

• Creating the right conditions for business growth

• Permissive rather than prescriptive guidance - with a very broad brief

• Tackling a wide range of issues – but not taking powers or responsibility from other bodies

• Private sector focused

• Particular focus on enterprise and business creation

• 50/50 business & local authority partnership

• Every LEP will be different and do different things

Coast to Capital is not...

Coast to Capital is...

Coast to Capital

• 5 year goals

– Creation of an additional 4,500 new businesses

– Increasing the number of businesses that trade

internationally by 4,000

– The creation of 20,000 additional private sector jobs

Our (ruthless) focus

International Trade

Enterprise

25 year goal

100,000 jobs!

25 year goals

• The longer term goals over 25 years are:

• Increase GVA in the sub region by £1.3bn or 4% each

year

• Increase Exports by £910m or 10% each year

• Reduce dependence on public sector employment from

27% to 21%

• Increase tax take (Corporation tax, Employment taxes, VAT)

by £162m each year

• Increasing the level of entrepreneurship and business start-

up rate to above the regional and England average

Creating the right conditions

• Broadband is an imperative for business retention & growth

• Coast to Capital will work with BT, openreach and other telecom infrastructure providers to ensure that by 2020 the minimum speed to all key business locations is 100mbps (in and out) and that to 90% of all businesses in the area the speed is 20mbps (in and out).”

• Fully back the broadband improvement plan

• £500m government contribution will not alone deliver the infrastructure required

What our businesses are telling us The Recent Survey

What our businesses are telling us

• 80% said reliability is business critical

• Only 10% said their broadband was fast enough

• Of those with a poor connection:

– 50 % said broadband would increase turnover

– 65% said it would enable them to grow

The Commercial Gap

Coast to Capital will help by

Providing a coordinated approach to:

• Economic intelligence demonstrates potential growth / returns for the economy

• Lobby national government to make case for rural broadband in West Sussex

• Provide the means and expertise to bridge the short-term commercial gap:

– Lever-in private sector investment – Exploit commercial expertise and business innovation

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Q U E S T I O N S ?