Transcript Annual Business Coference 2015 Achievements

Welcome to our
Annual Conference
Introduction
Chris Garcia
LEP Chief Executive
Steve Hindley
LEP Chairman
#hotswlepconference
The Productivity Challenge
Chris Garcia
The Heart of the South West
Mission
Repositioning the Heart of the South West’s
profile and reputation, nationally and globally.
Connecting people, places, businesses and
ideas to transform our economy, securing
investment in infrastructure and skills to create
more jobs and enable rewarding careers
The UK’s economic growth is from
more people in employment
106
104
102
100
98
96
GDP
94
Output
per head
92
90
88
The HotSW Productivity Challenge
• LEP’s employment rate
for year to March 2016
is highest in current data
series – close to full
employment
• 32nd out of 39 LEPs for
GVA per hour worked
• 38th out of 39 LEPs for
GVA per job filled
HotSW GVA per full time employee
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
HotSW % growth in GVA per FTE
16%
14%
12%
10%
8%
6%
4%
2%
0%
Responding to the challenge
How the LEP focuses on these
drivers of Productivity
• Investment in
physical capital
• Skills
• Innovation &
enterprise
• Place
“Floating all
the boats”
• People
• Business
Our Golden Opportunities
What’s next - ‘Productivity Plan’
Single
Productivity
Plan
HotSW
investment
pot
People: who are healthy and
with skills they need access
higher value jobs and grow
their careers with Heart of the
South West businesses
Business: that are more
profitable with a GVA uplift of
£4 billion
Place: A long term plan for
sustainable growth supported
by modern infrastructure