Diamonds for Investment and Growth Reading Opportunities

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Diamonds for Investment and GrowthReading
Opportunities

• Emma Hodgkinson Pam McHale
• SEEDA

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• What is a Diamond for Investment Growth?
• Key Drivers for Diamonds
• SEEDAs Corporate Priorities
• Opportunities

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1. What is a Diamond for Investment and Growth?

• Major concentrations of economic growth
• Characteristics
• Urban core or network of urban areas
• Lead economic vitality of wider sub regions
• Larger than one local authority area

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Genesis

• Gatwick Diamond, Urban South Hampshire
• City Regions
• Regional Funding Allocation priorities
• Aligning RES and South East Plan

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(No Transcript)
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2. Key Drivers for Diamonds

• Growth in Working Age Population
• Skilled Workforce
• Favourable Industrial Mix
• Strong University Presence
• Collaborative culture business/research
• Proximity to very large well performing area -
  London
• Inclusive governance models needed

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Population and GVA share
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GVA per head
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Productivity per employee
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Labour Market
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Deprivation IMD 2007
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GVA per head growth rates
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Skills performance NVQ4
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Readings Industrial Mix
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3. SEEDAs priorities

• Policy Focus innovation, enterprise, skills and
  environmental initiatives
• Funding Focus Corporate Plan
• Sub Regional Partnerships reinforce diamond
  approach
• Organisation strengthening area teams
• Internal Task Groups

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4. Opportunities just some..

• Stand up and be counted
• Profile Changing peoples view of Reading
• Business Involvement how utilise?
• Existing Business Base preserve
• Inward Investment
• University links