Smart Economic Growth Presentation Sept 2011 Se Ed Network Launch
Transcript of Smart Economic Growth Presentation Sept 2011 Se Ed Network Launch
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SMART Economic DevelopmentSMART Economic Development……..forward through..forward through
Smart Economic GrowthSmart Economic Growth
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South EastSouth EastEconomic Development Economic Development
Network LaunchNetwork Launch28 September 2011
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Mark PearsonMark PearsonChief ExecutiveChief Executive
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28 September 2011
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“The most valuable commodity I know is information – wouldn’t you agree?” Gordon Gekko
“It’s the economy – stupid!” Bill Clinton
“A little less conversation, a little more action please” Elvis Presley
“Look and see what others are doing, adapt their innovations, borrow their brainwaves” Greg Clark MP
Quotationsfor smart economic development?
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Elements of smart economic growth
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“In a time of social fragmentation, vulgarity becomes a way of life. To be shocking becomes more important – and often more profitable – than to be civil or creative or truly original.”
A rationale forsmart economic growth?
Al Gore
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It is Not New!
Building Prosperousand Sustainable Communities
The new paradigm?
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The Third Industrial Revolution? – as issues of internet/ social media and renewable energy come together:
– driven by exports– powered by low carbon– fuelled by innovation– rich with opportunity
Evolving the renaissance of business (1)
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What is needed now is a different set of macro policies to reposition manufacturing and services for the economics of growth – a different kind of policy response:
– green production– low carbon buildings– deployment of inventions– new business models
Evolving the renaissance of business (2)
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"It’s an unprecedented opportunity for local leaders to take choices and make decisions. This is one of those points in history where individuals really do have a chance to make their mark. The next year has to be about turning ambition into results.""Government is ready to listen. There is no limit to what partnerships might want to propose but their own imagination and ambition, nothing is off the table.“
‘‘Just get on with it!Just get on with it!’’
National Economic Development Policy
Eric Pickles MP
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For the local community – however big it is!:– Encourages local enterprise– Serves local needs– Promotes stable employment and revenues – by building on
local competitive advantages– Promote open innovation and high value added activity– Protects the natural environment– Increases social equity– Is capable of succeeding in the global market place– Promotes a strong sense of place
Integrated approachfor smart economic growth
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Core tools (1)
Approaches to delivery:– Planning – mix land uses to support growth and development
and efficient use of land and premises– Direct investment to existing business locations – Incubation– Sense of place – distinctive and sustainable communities
(not ghettos!)– Housing– Communications networks – transportation/ superfast
broadband
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Core tools (2)
Approaches to delivery:– Environment – enhancement of quality of life– Promoting the low carbon economy– Technology – for flexible working/ internet use to drive
business growth– Inward investment – targeted and focused– Innovation – high growth, low impact– Finance – PE/ VC/ Banking
Partnership – collaboration in delivery decisions
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To achieve this
There is a need for:– Leadership and vision and energy – Focus – local to global and vice versa– Co-ordination and marshalling of resources– Influence and advocacy– Identification of key clusters/agglomerations– Skills development – education for business– Collaboration – business and public sector– Information – is power – get it out there
TrustTrust
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Surrey Connectsforward though Smart Economic Growth
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• will help to achieve a sustainable Surrey rather than growth at any cost.
• is about extracting ‘more from less’
• using technology, and innovative ways of working to increase productivity without damaging the quality of life or the environment in Surrey
Smart Economic Growth (1)
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• Surrey Connects will optimise the potential of people, land, space and technology
• a focus on sustainability creates business value, equally in times of economic difficulty as in periods of growth
• by driving innovation that can inform a market-leading position
• is a new and evolving approach
Smart Economic Growth (2)
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• Surrey Connects will explore, understand, and then drive forward, what this means in practice for economic development across Surrey
• it may include new forms of development and the application of local authority housing, transport and planning powers in new ways
• the aim of Surrey Connects is to create a new space in which business and local government can come together to develop and implement this approach
Smart Economic Growth (3)
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Growth Sectors – focus!
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Outcomes
Global Competitiveness100% super fast broadband coverage
Promotion of Surrey as a inward investment location
Delivery of major infrastructure projects –through Transport for Surrey
Driving EnterpriseHigher business survival rates
Stimulation of business creationDelivery of flexible workspace to accommodate
new businessesGetting the right local business support offer
Knowledge EconomyDevelopment of a world-class business/
management schoolIncreasing the number of people ready for
employment at all skill levelsMaximise university, education and business linkages through the Surrey Employment &
Skills Board
Innovation CultureHigher rates of R&D spend
Support for innovation agendaIncrease of patent/ IP applications
Development of the Community of Innovation and the Ambassador Academy
Smart Economic Growth
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Sit quietly, doing nothing, spring comesand the grass grows by itself
Zen
Do not let the fear take root– fear is part of the dark side
Yoda
Closing quotations!
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Surrey Economic Partnershipprogressing…..
Surrey Connects –forward through Smart Economic Growth
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Mark Pearsone: [email protected]
m: 07581 098 157 t: 01483 685230
@NMPearson @SurreyConnects
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