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Enterprise, Planning & Protective Services SESSION 2 MATCHING FIFE PRIORITIES TO EUROPE 2020 TARGETS Fife Economy Strategy 2023/Europe 2020 Morag Millar 27 November 2013 Review process (May 2012) Enterprise, Planning & Protective Services • FES existing economic priorities; economic performance; outcome work. • Europe 2020 Priorities; EU Flagship Initiatives; EU Policy Priorities relevant to Economic Strategy. • Worked with Scottish targets*/GES. • Potential policy priorities relevant to Fife. • Included in draft Economic Strategy, if not already there. An example Enterprise, Planning & Protective Services Fife Economic Strategy Long Term Outcome More Dynamic Businesses Europe 2020 Priorities EU Flagship Initiatives Industrial Policy for Globalisation Smart Growth (Note – its priorities are out for consultation until Aug 2012) EU Targets EU Policy Priorities Potential policy priorities relevant to Fife Access to finance and risk capital. A SME-friendly business To improve the environment. Support business environment for entrepreneurship. particularly for SMEs. Resource-efficiency and recycling 3% of To support the International market EU's GDP development of a access- facilitating the to be strong and sustainable internationalisation of invested industrial base able to SMEs. in R&D compete globally. Raw materials e.g. initiatives to develop To support alternative sources of entrepreneurship. supply and potential substitutes, as well as strategies for improving resource efficiency. Fife Economic Strategy 2013-2023 Enterprise, Planning & Protective Services Sustainable Economic Growth Tackling Climate Change Invest in key sectors Low Carbon economy 1. A Skilled Workforce for the Future Removing barriers to employability Increasing Employment Reducing Inequalities 2. Competitive Business Location A Modern Business Infrastructure Making Fife the best place to do business 3. Business Growth More Dynamic Businesses 1. A Skilled Workforce Enterprise, Planning & Protective Services Key challenges: To respond effectively to: • Increased demand for work placements and jobs due to welfare reform. • More than 3,000 18 – 24 year olds in receipt of Job Seekers Allowance. • The need for more science, technology, engineering and maths skills. Priority Activities: • Employability Services. • Youth Employment. • Sector and STEM Skills. • Culture of Enterprise. • College Regionalisation What might success look like? An easily accessible employment pathway delivers the best outcome for our people by removing barriers to employment so that all Fife’s residents participate in the economy. 2. Competitive Business Location Enterprise, Planning & Protective Services Key challenges: • Regenerate and revitalise Fife’s key town centres; • Increase the supply of immediately available employment land; • Achieve at least 85% coverage of Next Generation Broadband; • To make Fife’s planning, regulation and licensing processes the best in Scotland. Priority Activities: • Town Centres. • Energy Park Fife/Fife’s coastal assets. • Digital infrastructure & economy. • Making Fife the best place to do business action plan. What might success look like? All areas of Fife and their residents to make a greater contribution to improving the economic, business and environmental performance of Fife. 3. Business Growth Enterprise, Planning & Protective Services Key challenges: • More than 9,000 jobs are needed to exceed 2007 employment. • Too many of Fife’s businesses rely on local markets and do not export. • Low levels of business start up and self employment. • Sectors dependent on public sector investment such as defence. Priority Activities: • Business enterprise support. • Market development. • Sector action plans. • Invest in Fife. • Innovation. • Business property What might success look like? There are more businesses in Fife and they are more dynamic in sectors with export potential and able to reach world markets through the web. Fife is an active participant in Scotland’s city regions, sharing in and contributing to their economic growth. Supporting Themes Enterprise, Planning & Protective Services • Invest in Key sectors: – Fife as a Centre of Excellence for Energy and Renewables; – Tourism; – Other sectors. • Transition to a Low Carbon Economy. • Making Fife the best place to do business action plan. Enterprise, Planning & Protective Services Questions?