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Neil Rousell Director of Regeneration, Leisure and Culture Future of London Workshop

Localism and Economic Development

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Page 1: Localism and Economic Development

Neil Rousell Director of Regeneration, Leisure and Culture

Future of London Workshop

Page 2: Localism and Economic Development

Aims and Objectives1. To provide an update on the Economic position of Enfield

2. To explore the importance of scales and levels when exploring potential interventions towards Economic development issues.

3. To take a look at projects being undertaken towards building a Vibrant local economy.

4. Investment !!!!

5. Growth !!!!

Page 3: Localism and Economic Development

Enfield’s Position Borough

Neighbourhood

Family

Individual

• Enfield 12 miles from centre of London, pop: 291,000• Enfield now ranked as 64th most deprived local authority• Enfield is ranked 11th worst in the country on child poverty

• 33% of Enfield’s households are claiming workless benefits (JSA, IB, IS, CA)

• 22% of Enfield’s households are claiming Working Benefits (WTC, CTC) Both higher in comparison to England, London & Outer London statistics

• 3,510 children in Enfield have at least one parent in work, yet are still in poverty – the so called “working poor”

• Over 1 in 3 of Enfield’s dependents under the age of 20 years of age live in poverty

• 20,000 lone parent families are living in poverty• 48% of households with 3 or more children are living in poverty

Source: Enfield Profile

Page 4: Localism and Economic Development

Regeneration Delivering the Future of Enfield

Economic & Social RegenerationManchester University / CRESC1. CSR – Big Business2. Collective purchasing3. Pension funds

Physical Regeneration1. Meridian water and Edmonton2. Ponders End3. New Southgate4. Enfield town

Page 5: Localism and Economic Development

Decentralised Energy

Economic Development

• DEN – pre feasibility indicates viability• Links to NLWA Plant as power source• Joint venture with Commercial Interest• Green energy for business• Municipal Power Company ?

Page 6: Localism and Economic Development

Meridian Water

• Master plan Options now available• 5000 Homes• 3000 New Jobs• Stakeholder Discussions• LDF Sub Committee approved

consultation