Strategic Framework for Economic Growth and Local Industrial Strategy
Embrace a vision for the new Business Board focused on economic growth through strategic frameworks like the Local Industrial Strategy. Key areas of focus include skills development, key sectors, place-based growth, inward investment, and international trade. The Business Board will provide recommendations and support in areas such as job creation, job quality, and exports to drive economic prosperity.
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Presentation Transcript
Vision for the new BUSINESS BOARD
A strategic framework strategic framework for economic growth economic growth The new Business Board will be the custodians of the Local Industrial Strategy and supporting strategies and plans Local Industrial Strategy Skills Key Sectors Place Based Growth Strategic Inward Investment International Trade Key performance measures 1. Number of Jobs Created 2. Quality of Jobs (Productivity / Pay) 3. Exports per job
Place Place provides the anchor Key Sectors Place Based Growth Strategic Inward Investment Advanced Manufacturing Agri Tech & Food Digital Life Sciences A pipeline of major opportunities Strategy and Plans for: Core Cities Market Towns Rural Area Skills International Trade Business led programmes to provide the skills required United States of America China Europe Local Industrial Strategy
Business Board Business Board main areas of focus 1. Local Industrial Strategy development partner of CA, delivery, milestones and objectives 2. Place based growth strategies sign off; investment recommendations; Enterprise Zones 3. Key Sectors determine priority sectors; agree plans for growth; LEP products and services 4. International Trade agree export / import strategy; key places in the world for trade accords 5. Skills strategy and delivery plans to achieve pipeline of people with skills required by business 6. Major Investment Opportunities ongoing review of 8 -12 large scale inward investment pipeline 7. Recommendations to the Combined Authority Board on strategic and tactical investment to deliver Local Industrial Strategy
The Business Board Business Board and Combined Authority Combined Authority Transport Housing Spatial Planning Combined Authority Board Public Sector Reform Infrastructure Advice and Recommendations Local Industrial Strategy Skills Key Sectors Place Based Growth Business Board Strategic Inward Investment International Trade
Decision making Decision making framework Combined Authority Board Boards Business Board Skills Committee Employment Committee Audit Committee Scrutiny Committee Housing Committee Transport Committee Committees Independent Economic Commission Public Service Reform Commission Commissions Land Commission Economic development & Skills Homes Transport Cambridgeshire Delivery Cambridgeshire
Structures Structures aligned to core policies Non Statutory Spatial Plan Housing Strategy Core Policies Local Transport Plan Local Industrial Strategy Skills Strategy Strategic Planning PH Leadership and Direction Business Board Skills Housing Committee Transport Committee Committee Economic development and Skills Delivery Homes Transport Cambridgeshire Cambridgeshire
