HS2 in the

An Assessment of the Economic Development Opportunities Presentation

• Where we are up to • Context on HS2 benefits • Summary findings on baseline • Emerging Issues • Next steps Recap on study objectives

• Provide an evidence-based understanding of the potential for economic development from HS2 investment in Toton • Consider the connections to surrounding sites and centres • Understand the change that HS2 can bring about • Identify the actions necessary to enable this economic growth • Prioritise actions to bring these opportunities to reality Work Programme

1. Economic Baseline & Policy 2. Spatial Baseline & Assets Review 3. Connectivity Baseline & Policy

Partner Workshop

Stage 1: Baseline & Scenarios 4. Position Statement

5. Production of Draft Scenarios Work Programme

6. East Midlands HS2 Futures Workshop

Stage 2: Preferred scenario & analysis of costs, benefits and risks.

7. Assessment of Costs, Benefits & Risks

Stage 3: 9. Prioritised Interventions Report Identify the key prioritised interventions to drive growth. Potential Economic Benefits of HS2 to East Midlands

• Productivity & Direct employment - journey time savings and new connections -doing business more efficiently, quicker with more people in more markets • Growth in sectors that will benefit from proximity to HS2 – Business & Professional Services, Financial & Legal, Digital and Creative, Property, Accommodation • Catalytic job growth at hub but also in connected Enterprise Zones, business parks, University innovation districts • Freeing up capacity on freight lines and roads helps, distribution, manufacturing, energy • Freeing up capacity on commuter lines enables options for improving access to employment centres in non HS2 areas • Procurement and supply chain benefits - significant in this region - engineering and rail engineering etc • Medium to long term skills uplift creating more flexible and valuable workforce Maximising Economic Benefit Four recurrent themes:

1. Capturing impact around the hub 2. Increasing connectivity to HS2 – integrated City Region Transport System 3. Aligning policy and investment with HS2 – especially tech, R&D and Innovation 4. Creating the conditions for wider growth Evidence Base Summary Findings

What economic, spatial and connectivity assets can be built on through HS2? Overview of the Study Area

• 3.15m population • Nearly 1.45m in employment • 109,000 businesses • £65bn GVA • 76,000 unemployed, plus 473,000 economically inactive Relative Economic Performance and Trends

• GVA per head in mid-range of core city LEPs • Growth slower than average over past 20 years, but faster than other core city LEP areas since 2009 • Manufacturing remains important to local economy • Private sector services driving recent growth

GVA per head, 2014 GVA Growth 2009-2014 30000 25.0% 25000 20.0% 20000 15.0% 15000 10.0% 10000 5.0% 5000 0.0% 0 Employment Location - Overview

• Employment is dispersed with a few areas of concentration: Around city centres - professional services, creative and knowledge, education and public sector Manufacturing, engineering – central and western parts of D2N2 R&D, Science and Technology – + smaller concentrations, inc. MIRA Enterprise Zone Logistics - around the airport and motorway corridors • Other employment distributed Employment in HS2 Sensitive Sectors • Sectors expected to benefit most from HS2 include: Producer services – finance, insurance, IT, other business services, legal and accountancy, business and management consultancy, media services, real estate • Employment-concentrated in major centres and the central parts of the study area, along the motorway corridors • Strong growth expected in many of these sectors to 2030 • Currently employs 368,000-with 12% growth projected to 2030 (20% in BPS) Potential Growth Sectors – Life Sciences

Employment 7,000-10,000 (depending on definition) Growth forecasts Varies by sub-sector

Key locations Concentrations across study area reflect location of key businesses and research bases

Key concentrations in Nottingham - Boots Enterprise Zone, Bio-City, Science Park Potential benefits Proximity to clusters at from HS2 Birmingham / Leeds / Euston Scale of benefits Medium Sector Opportunities Summary

Sector Potential Benefits from HS2 Scale of Impact Financial and Proximity to London and other FPS clusters High – potentially large number of Professional Services Greater access to skilled labour jobs and above average GVA Creative and Digital Interaction with clusters in Leeds, Birmingham and London High / Medium Science / R&D inc. Life Proximity to other clusters – Birmingham, Euston Small in scale, but strategically Sciences Attract high quality labour important / high GVA Logistics and Opportunities around airport and road investment, strong in Medium Distribution the overall EM economy – not rail freight Transport Equipment Growth - supply chain opportunities and on-going maintenance Medium / High Manufacturing Construction Supply chain opportunities Medium

Visitor Economy Accommodation specifically high, specific attractions- May not generate high value depending on location to be tested employment / GVA Advanced Manuf. Indirect growth through regeneration – freed capacity Low Food and Drink Limited Low Manufacturing Businesses affected Opportunity to re-locate to new facilities Small but important at local level by route of HS2 line Spatial Assets & Current Development Proposals Leicester & Leicestershire • Existing employment locations • Leicester CC, M1 J21 business parks • Development priorities • East Midlands Enterprise Gateway (Airport & Strategic Rail Freight Interchange); Leicester Urban Area; Coalville Growth Corridor; Loughborough; SW Leics • Enterprise Zone sites • Horiba/MIRA Technology Park: transport engineering • Loughborough & Leicester: science & hi-tech manufacturing • Housing Growth Areas • Extensions to existing Principal Urban Area; need for additional housing capacity? Derby & • Existing employment locations • Derby CC, Chesterfield • Development priorities • Infinity Park; Pride Park; Markham Vale (J29/M1; Derwent Valley Corridor • A52 Corridor and former Courtaulds Site • Staveley Maintenance Depot • Enterprise Zone sites • Infinity Park, Derby • Markham Vale • Housing Growth Areas • Derby & sustainable extensions into South Derbyshire/Amber Valley Nottingham & • Existing employment locations • Nottingham CC, , Bassetlaw business parks, A617 corridor • Development priorities • City Centre extensions, including Waterside & EZ sites • Key sites at Gedling & Hucknall; A617 & A57 sites • Enterprise Zone sites • Boots Campus; Beeston Business Park; Nottingham Science Park; MediPark • Housing Growth Areas • Newark & Sherwood; Rolls Royce Hucknall; Boots Campus; Gedling & Broxtowe sites Broxtowe, Erewash & Station Area

• Existing employment locations • Beeston Business Park • Development priorities • Toton HS2 station site; Stanton Regeneration site (inc. rail park); Mark St, Sandiacre; industrial areas • Enterprise Zone sites • Beeston Business Park • Housing Growth Areas • Station area Connectivity HS2 Connectivity Layers

• HS2 Station at Toton: A multi-modal transport hub with high speed and classic rail links, adjacent to M1

• Linking Toton with Economic Centres / Assets – Derby, Nottingham, Leicester and East Midlands Airport: High quality, fast, frequent connections via public transport and key road network

• Supporting Logistics / Advanced Manufacturing Sectors: Reliable, efficient highway network along M1, A50, A38 and A46 corridors

• Providing Benefits for other Key Sectors and Locations: Capitalise on opportunities that will become available on existing networks HS2 Toton – Emerging Service Patterns

Outstanding connectivity for Toton HS2 Connectivity – requires a strategic approach

• National Rail: HS2 itself, Midland Mainline, East Coast Main Line

• National Road: M1 (particularly Junction 25) , A38, A46, A50, A52

• Regional Transport: Derby-Nottingham-Leicester Rail, EMA Connections, Derby/Nottingham Ring Roads

• City Regional Transport: NET Extensions and Park and Ride, Bus Rapid Transit, Heavy Rail Links (eg , Newark) Emerging Issues Economic Benefits of HS2…beyond the Hub

• HS2 not the only driver – necessary but not sufficient for growth • Not just development of the Hub station site • Strengthen connectivity between East Midland’s core economic assets Toton with Derby / Nottingham / EMA / Leicester • Enhanced connectivity (across the region, and for all parts of the region to London and other major conurbations – not only via HS2 but through freed up capacity on existing infrastructure) • Not currently set up to deliver strategic infrastructure • Strategic Delivery Vehicle, and a strategic masterplan/development framework beyond the hub.. East Midlands Core Area Masterplan/Development Framework • HS2 can facilitate greater integration between EM’s key economic drivers – the three cities, EMA • Potential to facilitate the development of major sites – EMA and East Midlands Gateway; Ratcliffe-on-Soar power station; Trent Valley Corridor inc. Infinity Park; Stanton; Staveley; etc A 52 Corridor • Masterplan / development framework for the wider area would provide a strategic approach to maximising benefits, and ensure local areas were able to secure benefits from HS2 Station Hub Site

• Doesn’t have the scale of a Solihull or Basford but… • Still ambitions and distinctive at a super connected location Knowledge Business District High end office park for HQs / Civil Service re-locating from London? International University inward investment & business co-location Innovation Campus – incubator facilities and start-up space Housing – retain highly skilled mobile workforce- attractive connectivivty Visitor attraction? Further testing ? Next Steps

• Complete baseline and produce the Positioning Report by end July • Next task is to start looking in detail at the growth scenarios • In parallel – look in more detail at Innovation/Higher Education/Tourism opportunity • Futures Workshop 17th August