Derbys strategy for economic growth and regeneration

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Derbys strategy for economic growth and
regeneration

• Jonathan Guest, Derby City Council

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Derbys strategic framework
National and regional strategies
Sustainable Community Strategy Social, economic,
environmental and spatial aims for Derby to 2020
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• DCP City Strategies
• - City Growth
• City for Children and Young People
• City for Stronger and Safer Communities
• Cultural City
• Healthy City

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Local Area Agreement Delivery plan with 57
performance indicators
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3
Regional Economic Strategy 2006-2020
By 2020 the East Midlands will be truly a
flourishing region
Ensuring sustainability
Achieving Equality
Raising productivity
8 Cohesive communities 9 Economic
renewal 10 Economic inclusion
4 Transport and Logistics 5 Energy and
resources 6 Environmental
Protection 7 Land and development

• 1 Employment, learning and skills
• 2 Enterprise and Business support
• 3 Innovation

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Sustainable Community Strategy 2006-2009
City for all ages by 2020
Opportunities in Derbys deprived neighbourhoods
that are the same as the rest of the city
A city centre which everyone can enjoy at any
time of day

• Reduce crime and anti-social behaviour
• Involve residents in decisions about services and
  their neighbourhood
• Improve access to the city centre
• Protect and enhance the environment
• Improve life expectancy and reduce health
  inequalities
• Support skills levels and increase opportunities
  in areas of high unemployment
• Provide high quality cultural and sporting
  opportunities
• Support the growth of the local economy
• Provide adequate and affordable housing

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DCP City Growth

• Vision
• To build Derbys portfolio of higher value,
  knowledge based employment
• To ensure Derby is a location of choice
• To energize all Derbys communities
• To respond to the opportunities and challenges of
  climate change

• Priorities
• Improving skills and expanding the employee pool
• Attracting investment and supporting businesses
  to start, survive and grow
• Support for growth through Derbys physical
  assets

• Challenges
• Low rate of enterprise and risk taking - reliant
  on well established employers
• Broader range of skill levels needed, better
  aimed at the future needs of employers
• A more vibrant city centre required to prevent
  leak of spend on leisure and culture
• Inspire young people to be ambitious for their
  career and their city
• Raise the profile of Derby nationally and the
  pride of those who live and work there
• Improve the connections to help improve movement
  across the city
• Lack of affordable space for small and medium
  sized business to grow into

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Local Area Agreement 2008-2011 City Growth
priorities
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How ERDF can contribute

• Derbys ERDF Local Investment Plan will
  contribute to the aspirations of our City Growth
  Strategy by
• Improving skills and expanding the range and
  quality of jobs
• Enabling better access to employment
  opportunities, particularly those from the most
  disadvantaged communities
• Supporting businesses to start, survive and grow
• Improving Derbys physical assets to meet the
  needs generated by new jobs and create
  opportunities for further economic growth

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Invitation to Bid Summer 2008

• Alan Smith, Derby City Council

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ERDF Priority Axis 2Derbys Local Investment Plan

• Derby ERDF allocation is 6.06m 2007-2010
• Derbys ERDF Local Investment Plan outlines local
  ERDF priorities/objectives and the process for
  selection of funded activity
• 62.7 ERDF intervention rate with 37.3 match
• No prescribed capital and revenue split
• Activity can be funded within and with impact on
  target geographical areas

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Invitation to apply for funding

• First call for projects launched 18th June
• Targeted approach initial focus on five
  priorities
• Enterprise Support
• Bespoke Business Support
• Local Procurement Opportunities
• Employment Land premises
• Local environments
• Geographical targeting based on Index of Multiple
  Deprivation
• Further call for projects later in 2008

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Geographical Targeting
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Priority 1 Enterprise Initiatives

• Activity to deliver Three Cities Neighbourhood
  Enterprise Strategy
• Raising interest in and awareness of enterprise
• Provide additional advice and support for target
  groups and communities (must be additional to and
  link with regional offer)
• Practical support to encourage moves from
  informal to formal economy
• Tackle business crime

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2 Bespoke Business Support

• Promote growth within City Growth Strategy
  clusters (creative industries, tourism, retail,
  manufacturing/engineering) and social enterprise
• Help businesses enter new markets and ultimately
  increase GVA

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3 Local Procurement

• support local businesses and social enterprises
  to develop their systems and enable them to
  participate in local supply chains contract
  with the public sector

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4 Employment Land Premises

• Enhance the supply of incubator space and
  follow-on accommodation
• Facilitate site infrastructure improvements to
  bring forward un-developed commercial sites
• Enhance the supply of city centre office sites

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5 Development of Local Environments

• enhance local green and built environments to
  create more attractive places for communities and
  investors
• Focus on projects that link with strategic
  Masterplanning for Derby, i.e.
• Locations in the World Heritage Site
• Rosehill and Osmaston Housing Renewal Area
• City Centre
• The New Growth Points Programme of new housing
  expansion

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What do projects need to achieve?

• Outputs for Derby
• Businesses assisted to improve performance
• Public and private investment leveraged
• People assisted to start a business
• New and upgraded floorspace
• Brownfield land remediated
• Results for Derby
• Jobs created
• Businesses improving performance
• New businesses

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City Growths Strategic Outcomes

• Increased economic productivity, innovation and
  enterprise
• Raised achievement in education and training
• Reduced disparities in worklessness between the
  most and least affluent areas of the city
• Raised confidence of residents and businesses in
  the sustainability of the local economy
• A positive external image of the city

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How to submit

• Closing date for Expressions of Interest
• 12 noon, Friday 18th July
• Expression of interest form and guidance
  available at
• www.derbycitypartnership.co.uk
• For further information contact
• Michelle Nally 01332 256903
• michellen_at_derbycitypartnership.co.uk