Introduction 1.1 This document constitutes the Transition and Delivery Plan for the Economic Development Delivery Panel.

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1 Introduction 1.1 This document constitutes the Transition and Delivery Plan for the Economic Development Delivery Panel. Review of Current and Future Work plan 1.2 Over the previous year, the ED Panel has made progress on a number of initiatives which support the priorities set out in the Economic Development Strategy including the development of a Single Gateway for Inward Investment and the delivery of a number of skills initiatives under the remit of the Employment and Skills Board, including the launch of Solent A4B (Apprentices for Business) and Guidance on Securing Training Through S106 Agreements. The ongoing recession and the rebalancing of the economy away from the private sector means that it the need for a sustained and focussed economic development delivery effort is as great as ever. The Solent LEP is now the primary vehicle of that delivery. The last year has been a transitional one as the LEP has become established. However, they have now set out their priorities and the ED Panel have been reviewing their own work plan as a result of this. 1.3 It is the aim of the ED Panel to work in collaboration with, to complement and to add value to the LEP and there will need to be ongoing dialogue around this. Both the Inward Investment Panel and the Employment and Skills Board have adapted to the new arrangements and are a partnership activity between the LEP and PUSH. Both the ED Panel and the LEP will want to keep the Boards under review in to ensure that the governance arrangements remain fit for purpose and there may well be a greater transition of these activities to the LEP over time, starting with the ESB in If this is the case, it will be important not only to ensure that these responsibilities are handed to the LEP in good order but also to secure a smooth handover so as to eliminate disruption to front line delivery. 1.4 PUSH s ongoing roles in economic development are likely to include: A leading role in maintaining the evidence base and business intelligence and ongoing strategy development and monitoring the impact of actions to support the strategy and specific initiatives Development and delivery of projects and initiatives which support the Economic Strategy for the Solent either singly or in collaboration with the LEP or other partners Continuing to play an active role in partnerships or bodies (such as the Inward Investment Board and the Employment and Skills Board) which are important to the delivery of the economic priorities of the sub region A continued brokerage role as required between delivery agencies (including the Solent LEP) and Government policy makers, both to support and enable delivery and to ensure effective development and implementation of shared vision and strategy for the Solent area. This is likely to include providing a gateway for delivery 1

2 by public sector partners of key Solent LEP sponsored projects/activities (such as Inward Investment) Securing collaboration and joint working on economic development and related policy matters within local authority and other public sector partners Developing the capacity to secure external funding and new funding models for economic development related activities Overseeing the Stewardship Agreement with the HCA on behalf of the Joint Committee 1.5 The table below summarises the revenue and capital resources to the Economic Development Delivery Panel for Resource allocations for Revenue 000 Revenue budget 260 Capital 000 Eastleigh Riverside 107 Development & Infrastructure Manager 60 Sites and Regeneration (incl HCA Stewardship Agreement) 382 Swan Studios 150 Gosport Waterfront DHF Capital Total 733 Grand Total 993 Key activities 1.6 The key activities/projects have been identified for are set out in the table at the end of this plan. 2

3 EMPLOYMENT AND SKILLS To play an active role in the Employment and Skills Board supporting the development and delivery of the Workplan for 13/13 as agreed by the PUSH Joint Committee on 7 June ESB Priorities: The promotion of apprenticeships The promotion of STEM Self Employment The development of a skills strategy for the Enterprise Zone ESB Workplan for 2013/14 The Skills Challenge Communications KEY SITES AND REGENERATION To oversee the delivery of the Stewardship Agreement with the HCA on behalf of the Joint Committee & investigate new funding models and funding streams in order to bring forward delivery (with ExternalFunding Panel) 382 Stewardship Group / HCA / Individual local authorities External Funding Panel New sites developed. Employment space created New residential units created External funding secured Stewardship Agreement and respective Action Plans for key sites 1 23,500 remains un as contingency. 3

4 To support delivery of the regeneration and redevelopment projects for Eastleigh Riverside, Gosport Waterfront and The Sorting Office (previously Swan Studios). (Note: The Sorting Office is a shared project with the QPDP) 376 Lead authorities To provide financial contributions and other resource to secure the implementation of these redevelopment projects. See detailed project plans Swan Studios planned opening in November 2012 Support the redevelopment and regeneration of the cities of Portsmouth and Southampton N/A Portsmouth and Southampton City Councils To set up appropriate public and private arrangements to achieve the aims of the Shaping of the Future of Portsmouth Strategy and ensure strategic sites are brought forward for development through the delivery of key infrastructure, using innovative funding arrangements where applicable To support delivery of the Southampton City Centre Masterplan and the City Centre Area Action plan including the delivery of the Central Business District and secure a minimum of 10,000 jobs for the Central Business District and 1.5m sqft of office development. See detailed project plans INWARD INVESTMENT 4

5 To develop a unified single gateway inward investment service for the Solent Area and to support the MoU with UKTI 54k local authorities contribution 30k ED Panel IIB To inform businesses within the priority sectors that are based beyond the Solent area or already here of the opportunities within the Solent area To inform intermediaries (inc UKTI) that act for businesses within the target sector of opportunities within the Solent area To create a responsive, well informed and approachable service within the budget available that is valued by customers and stakeholders alike To develop and promote a coherent identify and brand that is recognised within the UK and internationally Inward Investment Workplan To develop phase 2 of the Solent Value Proposition To investigate the most appropriate long term business model EUROPEAN FUNDING To establish a PUSH European Funding Collaboration Sub-Group. 20 European Funding Group To identify appropriate EU funding and develop bids that support the PUSH Economic Development priorities and maximise any sub-regional local funding that is secured. Officers group to meet regularly and report activities back to Economic Development Delivery Panel Membership of the Southern England Local Partners (SELP). 13 European Funding Group Maximise the benefits that membership of SELP offers. PUSH representatives joining the SELP Board and Officers Working Group. 5

6 KEY SECTORS & BUSINESS SUPPORT To support the development of key sectors as identified in the ED Strategy and complementing the work of the LEP and other PUSH Delivery Panels 20 ED Panel / SCIDPAN To support the development of the Low Carbon Economy as agreed by the PUSH Joint Committee on March 2012 Other key sector actions to be agreed report to the Joint Committee To develop a coordinated approach to support business growth working with the intermediaries to provide highly commercialised support. PUSH ED Panel Increase in number of enterprises per 10,000 residents Increase in survival rates for businesses at 12 and 36 months TBC pending dialogue with the Solent LEP Un and contingency revenue funds 63 N/A N/A N/A 6