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Swindon and Wiltshire Strategic Economic Plan Which Was Approved by Government in April 2014

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Swindon and Wiltshire Strategic Economic Plan Which Was Approved by Government in April 2014 Using our pivotal location Swindon and in southern England to Wiltshire create wealth, jobs and new Strategic business opportunities Economic Plan January 2016 Skills and talent Transport infrastructure Digital capability Place shaping Business development Swindon and Wiltshire | Strategic Economic Plan 1 Introduction This document updates and revises the Swindon and Wiltshire Strategic Economic Plan which was approved by Government in April 2014. It builds on the work achieved to date in bringing forward key developments approved through rounds 1 and 2 of the Local Growth Deal as well as progress towards the delivery of the European Structural and Investment Fund, the Higher Futures Programme (our City Deal Skills Brokerage Programme) and the Swindon and Wiltshire Growth Hub. Five strategic objectives have been identified in this Strategic Economic Plan extending across the Swindon and Wiltshire Local Enterprise Partnership (SWLEP) area. In addition, we have reviewed the geographic coverage of the three Growth Zones which were originally identified in 2014. The Growth Zones remain our focus for targeted investment; these are Swindon-M4 Growth Zone, the A350 Growth Zone and the Salisbury-A303 Growth Zone. Each Growth Zone has its individual strengths, characteristics and investment needs which are reflected in our Investment Plan. The 2016 Strategic Economic Plan therefore highlights the priorities and future opportunities for investment through to 2026. Our key priorities for investment are focussed on making Swindon and Wiltshire the best location for business across central southern England. 2 Strategic Economic Plan | Swindon and Wiltshire Contents 02 Dstl Crown Copyright Introduction 04 Swindon and Wiltshire: Our place 12 From vision to action 18 Priority sectors 19 Our Growth Zones 22 Governance Swindon and Wiltshire | Strategic Economic Plan 3 Swindon and Wiltshire: Our place We want to use our pivotal location in southern England to create wealth, jobs and new business opportunities set within a spectacular landscape that provides an exceptional quality of life. We will focus on our existing strengths and our base of established business sectors to build an outstanding, sustainable business environment in which our economy will thrive. Our competitive advantage is based upon: • A pivotal central southern location with • A resilient and attractive rural economy with geographic proximity to major economic world class landscape, heritage and visitor centres including London, key airports, and attractions; coastal ports; • An economically significant military presence; • A dynamic, knowledge-based economy with • Strong small and medium sized enterprise nationally important clusters in life sciences, (SME) growth with high levels of innovation and advanced manufacturing, financial and business survival; and professional services, digital and information and communications technology (ICT) and • A vibrant economy with a skilled workforce land-based industries; and low unemployment. By 2026, we want to be world- The strength of our proposal • Align the acceleration of renowned for innovation, lies in how we will accelerate economic growth i.e. jobs and entrepreneurialism and our great economic growth by smarter use investment with the housing quality of life. Our population of our resources. We have a very growth, infrastructure and will have increased from 699,000 clear idea of what we want to utilities needed to satisfy in 2014 to 764,000, matched by achieve: existing and future need; employment providing higher • Support the Swindon-M4 • Get ahead of the skills deficit skilled jobs and high value Growth Zone into a new ‘curve’ so that we have a economic growth. phase of growth, building on workforce that provides a its strengths in manufacturing competitive advantage by and commerce and making being fit for the future by its urban areas attractive to improving access to higher investors; education through our innovative Higher Futures • Deliver the significant Programme; growth planned for the A350 Growth Zone, exploiting the • Use our military unique digital cluster and advanced selling point (USP) as an manufacturing capacity, and enabler in achieving the investing in the regeneration of economic growth we the urban areas; intend to deliver; and • Restructure the Salisbury A303 • Ensure publicly Growth Zone’s economic base, owned land is freed leveraging the opportunities for use to facilitate provided by the presence economic growth and of the Military, Life Sciences increase the area’s and Defence Technologies contribution to the specialisms at Porton, and wealth of the nation. building on its world class reputation as a visitor destination; 4 Strategic Economic Plan | Swindon and Wiltshire Set within a spectacular landscape that provides an exceptional quality of life Swindon and Wiltshire | Strategic Economic Plan 5 • Sustain the number of across Swindon and Wiltshire patents granted per 100,000 whereas they actually fell population. Between across England2. By 2014, October 2014 and October 85.4% of 19 years olds in 2015, 670 patents were England had achieved a Level granted to businesses based 2 qualification; in Wiltshire in Swindon and Wiltshire this stood at 86.1% and 83.3% which is 95.8 per 100,000 in Swindon compared to 81%, population1 . In addition, 81.8% and 75.9% respectively the area has seen significant in 2011; and growth in employment in • Ensure 100% superfast knowledge-based businesses broadband coverage across (an increase of 22.7% the area including all strategic between 2011 and 2014); sites. Work is underway to • Increase the proportion of improve access to broadband Our economic the workforce (resident and across Swindon and Wiltshire. non-resident) with a Level By March 2016, phase 1 of the opportunity 4+ qualification from 33% Wiltshire Online programme In 2014, we identified five to 52%. We recognise that will be complete and there SMART objectives which we we have more to do here; by will be the opportunity for aspired to achieve by 2026 December 2014, 36.8% of 91% of premises to connect in order to capitalise on our the Swindon and Wiltshire to superfast broadband. The strengths and address our workforce was qualified to Swindon Superfast Broadband weaknesses through strategic this level; programme aims to improve investment and intervention. current coverage (>24mbps) • Improve young people’s These were to: of 80% to 99.5% by June 2016. attainment at 16 (including • Increase the employment rate English and Maths) and 19 to We will continue to monitor to 80%. This has nearly been beyond the national average. these SMART objectives but achieved. For the year to June GCSE attainment levels given the significant progress we 2015, the employment rate between 2011 and 2015 have have made already, we aspire to stood at 78.6%; remained relatively static do more. We have re-defined the three Growth Zones within each of the broader economic corridors which transect the Indicator Target Actual SWLEP area. These Growth % Employment Rate 80 78.6 Zones are where we have the potential to have the greatest Patents per 100,000 83.2 GB 95.8 economic impact not only population in terms of the growth of % Workforce with a 52 36.8 Swindon and Wiltshire but also Level 4 Qualification contributing to the growth and reputation of UK PLC. % 19 year-olds with a 85.4 83.3 Swindon Level 2 Qualification 86.1 Wiltshire % Superfast broadband 100 99.5 Swindon access 91 Wiltshire 1In 2009, the figure was 38.1 per 100,000. Source https://www.gov.uk/government/publications/ipo-patent-data 2https://www.gov.uk/government/publications/local-authority-interactive-tool-lait. GCSE 2011: Swindon 52.4%, Wiltshire 60.5% and England 59.0%; 2015: Swindon 52.2%, Wiltshire 59.6% and England 52.8%. The way in which education data are collected changed in 2013 with the result that levels appear to have fallen for England. For attainment levels to remain static locally is therefore a reflection of improved performance. 6 Strategic Economic Plan | Swindon and Wiltshire Swindon and Wiltshire as a internationally, the economic 2012 and 2014 to 65,600, nearly hub for innovation potential of this infrastructure to twice the growth experienced create a leading digital economy nationally (8.2% across Great Innovation continues to be cluster is evident. Britain). Continued growth in central to our Strategic Economic these industries will be important The presence of the military in Plan. It is typified by the number to underpin the development of south Wiltshire at Porton has of global innovators who have new high value activity and job led to the development of a invested and prospered in the creation. Swindon and Wiltshire area cluster of health and life sciences such as Honda, Intel and Dyson companies adjacent to the as well as the presence of a Defence Science and Technology number of innovation-driven Laboratory (Dstl) and Public Home to Innovation sectors including health and life Health England with specialisms sciences, pharmaceuticals, mobile in microbiology, immunisation • Global innovators and medical care. Leading edge telecommunications, digital • 7 national research work is also undertaken by Dstl and high value manufacturing. councils They actively continue to in cyber-security at the site. The • Space Agency invest in research, design and availability of strategic sites across development, create new Swindon and Wiltshire plus the • Sustainable Technology employment and offer supply growing network of development Centre sites across Corsham, Porton, chain opportunities for smaller • Unique ICT infrastructure companies in the local area and Salisbury and Swindon therefore beyond have the potential to draw in • Secure communications new investment nationally and and data storage facilities Swindon is also home to seven from overseas. These investors • 100,000 Genome Project national Research Councils as will benefit from our unique well as the Space Agency and combination of expertise with the • Military presence the presence of the University potential to foster collaborative • Public Health England of Bath’s Sustainable Technology activity and spur further Centre at Wroughton all add to innovation and invention.
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