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Strategic Economic Plan

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Strategic Economic Plan Made in the Black Country: Sold Around the World Black Country Strategic Economic Plan ‘Made in the Black Country: Sold around the World’ 31st March 2014 1 Made in the Black Country: Sold Around the World 2 Made in the Black Country: Sold Around the World EXECUTIVE SUMMARY ..................................................................................................................................................................... 4 1 THE BLACK COUNTRY STRATEGIC ECONOMIC PLAN .............................................................................................................. 10 1.1 A GUIDE TO THE BLACK COUNTRY STRATEGIC ECONOMIC PLAN ............................................................................................................ 10 1.2 THE BLACK COUNTRY STRATEGIC ECONOMIC PLAN ............................................................................................................................ 11 1.3 THE BLACK COUNTRY – OUR OPPORTUNITY ..................................................................................................................................... 11 1.4 THE BLACK COUNTRY IN 2033 – OUR OVERARCHING LONG TERM STRATEGIC FRAMEWORK ...................................................................... 12 2 OUR GROWTH STRATEGY ..................................................................................................................................................... 14 2.1 OUR STRATEGIC PROGRAMMES ..................................................................................................................................................... 16 2.1.1 Strategic Programmes to Raise Employability, Education and Skills ............................................................................... 16 2.1.2 Strategic Programmes to Transform the Black Country Infrastructure and Environment ............................................... 25 2.1.3 Strategic Programmes to Improve Black Country Business Competitiveness .................................................................. 38 2.1.4 Cross-LEP & Cross Organisation Aligned Activity ............................................................................................................. 44 2.2 OUR LOCAL GROWTH DEAL PRIORITIES ........................................................................................................................................... 47 2.2.1 SWOT analysis ................................................................................................................................................................. 47 2.2.2 Our Skills Challenge ......................................................................................................................................................... 50 2.2.3 Spatial Focus .................................................................................................................................................................... 51 2.2.4 Our Local Growth Deal Priorities for Enabling Additional Growth ................................................................................... 52 2.2.5 Process of Prioritisation ................................................................................................................................................... 52 2.2.6 Priority Projects Overview ................................................................................................................................................ 53 2.3 IMPLEMENTATION PLAN – OUR LOCAL GROWTH DEAL PROJECT DELIVERABLES ....................................................................................... 57 2.3.1 Our Financial Growth Fund asks of government .............................................................................................................. 58 2.3.2 Priority Projects by Theme ............................................................................................................................................... 64 2.3.3 Links to priority growth network ..................................................................................................................................... 70 2.3.4 Freedoms and Flexibilities to enhance local delivery ....................................................................................................... 71 2.3.5 Economic Impact ............................................................................................................................................................. 74 3 MEDIUM TERM PRIORITIES ................................................................................................................................................... 75 3.1 INTRODUCTION .......................................................................................................................................................................... 75 3.2 FLAGSHIP PROJECTS .................................................................................................................................................................... 75 3.3 MEDIUM TERM PRIORITIES .......................................................................................................................................................... 77 3.4 SITES AND PREMISES ................................................................................................................................................................... 79 3.5 ENVIRONMENT AND DISTINCTIVE STRATEGIC CENTRES ........................................................................................................................ 80 3.6 LOW CARBON ECONOMY ............................................................................................................................................................. 80 3.7 PIPELINE PROJECTS ..................................................................................................................................................................... 80 4 GOVERNANCE AND ACCOUNTABILITY ................................................................................................................................... 86 4.1 INTRODUCTION .......................................................................................................................................................................... 86 4.2 GOVERNANCE ........................................................................................................................................................................... 86 4.3 DELIVERY ARRANGEMENTS ........................................................................................................................................................... 88 4.4 ALIGNMENT .............................................................................................................................................................................. 89 4.5 PERFORMANCE MANAGEMENT AND REPORTING ................................................................................................................................ 89 4.6 FINANCIAL PLANNING MONITORING AND MANAGEMENT .................................................................................................................... 90 4.7 PROJECT RESOURCES .................................................................................................................................................................. 90 4.8 PUBLIC SECTOR ASSETS ............................................................................................................................................................... 90 4.9 EVALUATION ............................................................................................................................................................................. 91 4.10 PROGRAMME APPRAISAL ............................................................................................................................................................. 92 4.11 EQUALITIES ............................................................................................................................................................................... 92 4.12 MARKETING AND COMMUNICATIONS ............................................................................................................................................. 92 4.13 RISK ANALYSIS........................................................................................................................................................................... 93 5 STATEMENT ON WEST MIDLANDS LEPS JOINT WORKING ...................................................................................................... 94 6 PRIORITY PROJECT OUTLINES ................................................................................................................................................ 97 7 APPENDIX ........................................................................................................................................................................... 128 7.1 SUMMARY OF STAKEHOLDER CONSULTATION ................................................................................................................................. 128 7.2 LEP BOARD MEMBERSHIP ......................................................................................................................................................... 131 7.3 LOCAL GROWTH FUND OUTPUTS AND FINANCIAL SUMMARY TABLES ..........................................................................................................
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