Cornwall & the Towards a RIS3 Strategy

Ponta Delgada, 4/5 June 2012 Jonathan Adey and Anne Carlisle The Presenting Organisations

Cornwall and Isles of Scilly at a Glance

• 535,300 - Total estimated population in Cornwall

• 697 - Total km of coastline in Cornwall

• 3,563 - Total square km of land in Cornwall

• £6.4 billion - Total value of Cornwall and the Isles of Scilly's economy in 2009 The Economy of Cornwall & the Isles of Scilly

Fig 13.7: % of working age with NVQ4+ Area Swindon Torbay Plymouth Cornwall Bournemouth Poole South Somerset North Dorset Wiltshire Bath and North Gloucestershire Bristol, City of Great Britain

0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 % Challenges and Opportunities

• Our geography has, in the past been a major advantage

• When the industries went so did the jobs Challenges and Opportunities

• Innovation has been the driver for change to address these challenges

• Peripheral regions have a culture of innovation

• We need to provide the tools

Vision

A confident, resilient Cornwall that is a leader in innovative business and low carbon technologies.

A bold, transformational framework that challenges current perceptions of economic success, whilst also building upon Cornwall’s strengths.

and

The natural place to grow great business

National & Local Governance Engagement in the Development of a Strategy

• A joint approach in the next round of structural funding and RIS3

• Triple helix approach

Working with Partners

• Start of the process – evidence gathering • Convergence LMC sub group • Thematic priorities • Scrutiny Committee • Specific events • Business workshop • Stakeholder consultations • LEP roadshows • Public consultation

Cornwall as a place for innovation – making the most of our location

• Cornwall as a test-bed and living laboratory

• Close links with businesses

• Encouraging new innovation and R&D into Cornwall

• As well as developing it ourselves

Entrepreneurial Process of Discovery

• Small businesses and few larger firms

• Strong partnership essential between public, private and third Sector (including universities)

• Started by building stronger and better links between education and businesses

• Businesses are at the heart of our plans and have contributed throughout

• But there are barriers to involving businesses

Convergence

• Significant investment in R&D and enterprise

• Business support that is right for businesses

• Flagship projects to increase investment and innovation Environment & Sustainability Institute

• University of Exeter

• Knowledge transfer and the commercialisation of intellectual property

• A high quality facility, to develop a world leading research centre focusing on areas of economic opportunity

• World class centre of research excellence in the environment and sustainability fields

Academy of Innovation & Research

• University College Falmouth

• Attracting world-class researchers

• Working closely with businesses

• A trans-disciplinary R&D lab and a creative facilitation space designed to raise levels of business innovation, competitiveness and productivity in Cornwall Innovation Centres

• Pool Innovation Centre

• Tremough Innovation Centre

• Health & Wellbeing Innovation Centre

• Providing high quality, flexible managed workspace

• Closer links between businesses and universities Superfast Broadband

• £132m ERDF programme

• Funded by the EU, BT and Cornwall Council

• Bringing superfast broadband to Cornwall and the Isles of Scilly

• Opening up opportunities for businesses throughout Cornwall Lessons Learnt

ERDF

Mainstream Funding / ESF Plans

EARDF Also:

• Improved links with training and businesses as well as education

• A continued focus on addressing low productivity, across all sectors is needed

• Particularly focussing on supporting high value businesses

• Business support needs to be: • Simple and effective • One route-way in • Responsive and led by the business Local Enterprise Partnership Strategy • Inspiring businesses to reach their national and global potential

• Creating great careers in Cornwall

• Creating value out of knowledge

• Using the natural environment responsibly as a key economic asset Priorities for Post 2013

• SME Innovation & Competitiveness • Green Economy - Renewable Energy and Energy Efficiency • Transformational Infrastructure

• Smart, sustainable and inclusive growth

• But what will set Cornwall apart and transform the economy?

Potential Specialist Areas

• Smart grid development

• Developing cutting-edge renewable energy technologies: marine energy, floating wind and bio fuels

• Future knowledge sectors: creative, biomedical, health & well being and digital

• Accelerating the journey between concept and commercialisation for business

• Or… A focus on a Thematic Area

Flexible and e-working: Digital Economy Smart Energy Systems: Allows organisations to get the best from their staff and Installation of a Smart maximise the opportunities Grid which can efficiently for growth, including deliver sustainable, remote offices and home economic and secure working connected through electricity supplies. Superfast Broadband.

Tele-health: Business Support: Education and Training:

Strengthen the economy Supporting businesses to and address Cornwall’s A more connected skills trade internationally through ageing population through base and improved improved broadband growth areas and digital education facilities, allowing connectivity and virtual links. innovations in healthcare. us to teach and train for the This includes taking care future in terms of both of more people in their skills and aspiration. homes and increased R&D.

Developing a Strategy

Community & Business Engagement Developing a Strategy

• Start with what we already know

• Data • Best practice – learning from others • Consultation and engagement • Lessons learnt

Developing a Strategy

• When we know our priorities

• Align local RIS3 priorities with national agenda Funding RIS3

• Aligned commissioning and governance of public sector funding Provide the Financial Tools for Growth

• Innovative use of public and private funding. Creating a greater legacy by embracing alternative financial mechanisms and moving away from a grant culture. Measuring Success

• Looking at new ways to measure innovation.

• Looking at the long-term – we may not see results immediately.

• Collective responsibility for measuring successes.

• Strong history of monitoring and evaluating the success of our programmes.

• Next EU programme – focus on measuring success.