Download Dorset's Strategic Economic Plan 'Transforming Dorset'
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Transforming Dorset Strategic Economic Plan 2 3 Contents Contents 4 2.11. Growth Towns 103 2.12. Dorset Co-investment Fund 109 Contents 2.13. Dorset Proposition: Inward Investment 111 2.14. Destination Portland: Tourism 113 2.15. Jurassic Coast Studies Centre 115 1. Part 1: 2.16. Jurassica: Geological Park 119 1.1. Acknowledgements 7 2.17. Memo: Mass Extinction Observatory 123 1.2. Foreword 9 2.18. Holton Heath 129 1.3. Introductory Overview: 11 Connected 1.4. Executive Summary 13-18 2.19. Transport strategy 133-164 1.5. Overview 19-21 2.20. Portland Port 165 1.6. Future Growth Projections 21-22 2.21. Gillingham Southern Extension 173 1.7. Introduction: strategic themes 23-26 2.22. Littlemoor Urban Extension 177 1.8. This document: plans, themes, approaches 23 2.23. Broadband Development 181 1.9. Our Ambition 27 Responsive 1.10. Transformations 25 2.24. Housing Strategy 185 1.11. Sustainable growth 25 2.25. Unlocking Potential Fund 191 1.12. Evaluation and framework management 28 2.26. Dorset Green 197 1.13. The LEP Region: profiles, prospects and propositions 29 2.27. Gillingham Southern Extension 201 1.14. Dorset: Economic profile 29 2.28. Land south of Shaftesbury 203 1.15. SME economy: energising supply chains 29 Talented 1.16. Some weaknesses to address: protecting future growth 29 2.29. Skills strategy: linking people, places and growth 205 1.17. Weymouth and Portland 30 2.30. Silicon South 215 1.18. Rural Dorset: specialist economic needs 30 2.31. Business Growth Hub 223 1.19. The Demographic challenge 31 2.32. Integrated Business Incubation and social interaction hub 229 1.20. Sector-based Opportunities for Growth 31 2.33. Explora: STEM education facility 231 1.21. A Local industrial Strategy 33 1.22. Advanced Engineering and Marine Engineering 34 Part 2b Contexts: Partnerships and Framework Initiatives – embedding growth 232 1.23. Energy goods and services 34 2.34. Corporate CSR and Third Sector 233 1.24. Digital, Creative & Information Services 34 2.35. Creative and Cultural 237 1.25. Financial and Business Services 35 2.36. Health 241 1.26. Barriers to growth: unlocking 35 2.37. Tourism 245 1.27. Unlocking Transformation 35 2.38. Local Skills: Bournemouth Development Company 247 1.28. Barriers to housing growth 36 1.29. Barriers to business growth 36 3. Part 3: Management and Delivery 248 1.30. Barriers to Up Skilling the Workforce 37 3.1. The Dorset LEP: Strategy into action 249 1.31. Skills Capital Proposal (see also appendix 3) 37 3.2. Dorset LEP Board 249 1.32. Skills: Business as usual is not an option 39 3.3. Early Successes 249 1.33. Key Programmes 41 3.4. Structures for cross LEP working / Local Transport Body: ensuring partnership for transport planning 250 1.34. Unlocking Potential 41 3.5. Creative Industries Board. 251 1.35. Empowering Local Partners 41 3.6. An Outstanding Environment: structures for securing the growth value of Dorset’s environment 251 1.36. SWOT: Strengths Weaknesses Threats and Opportunities 42 3.7. Taking account of the rural economy 251 1.37. Transforming Dorset: linking strategy to projects, priorities and interventions 43-44 3.8. LEP staffing and resources 252 1.38. Key Sources of Finance 45 3.9. Dorset Governance and Delivery structure 253 1.39. Structure of Request: scalability and additionality 47-54 3.10. Local authority Collaboration 254 1.40. Capital v Revenue 50 3.11. Growth and Public asset Management 255 3.12. Dorset Cross LEP working 257 2. Part 2: Delivering Transformation through projects, programmes and 3.13. Transport 257 thematic interventions - An architecture for growth 55 3.14. Rural issues 258 2.1. Bournemouth Airport 57 2.2. Port of Poole 63 Appendices 2.3. Joint Universities Business Campus 67 Appendix 1 Transport 261 2.4. Bournemouth Seafront Strategy 73 Appendix 2 Transport (2) 285 2.5. Dorset Maritime: Sector Growth Programme 79 Appendix 3 Skills 287 2.6. Cobham Gate Business Park 85 Appendix 4 References 305 2.7. Lansdowne Business District 87 Appendix 5 Economic Methodology and Outputs 307 2.8. Living Labs for Wellness, Social and Healthcare 91 Appendix 6 Summary Ask of LGF (Dorset) 311 2.9. ODIAC (Orthopaedic Development and Innovation Cluster) 95 Appendix 7 Letters of Support 317 2.10. Western Growth Hub: Weymouth Town Regeneration 97 5 Contents Contents 6 Contents Tables Table 1.1 Summary Local Growth Fund “ask” 13 Table 1.2 Proposed local growth fund investment by strategic theme 14 Table 1.3 Annual average GVA growth 2006 -2021 22 Table 1.4 Key sources of finance 45 Table 1.5 Summary of outputs 46 Table 1.6 Summary: Additional Full-Time Equivalent Jobs 49 Table 1.7 Capital v Revenue 50 Table 1.8 Competitive, Talented, Responsive and Connected Full Time Equivalent jobs by strategic theme and year 52 Figures Figure 1.1 Transforming Dorset: project-based interventions where Local Growth Fund investments would 19 create or accelerate growth in Dorset are aligned with established and future strategic priorities: Connected; Competitive; Talented; Responsive Figure 1.2: Dorset: Growth and transformation across the region 20 Figure 1.3 Change in Gross Value Added Indexed to 2011 = 100 21 Figure 1.4 Transforming Dorset: partnership, investment and delivery 23 Figure 1.5 Competitive, Talented, Connected, and Responsive. 24 Figure 1.6 Transformation on the ground: examples of growth and outcomes for 2021 26 Figure 1.7 Maker up a quick logic figure? 27 Figure 1.8 Evaluations: 10 point plan: principles for progressing and evaluating projects 28 Figure 1.9 Projecting a future skills profile 34 Figure 1.10 Local areas of growth potential shared with national priorities 35 Figure 1.11 Projecting future skills 40 Figure 1.12 Strengths, Weaknesses, Threats and Opportunities: profile and potentials summary 42 Figure 1.13: Pathways to transformation and growth 43 Figure 1.14 Total Funding package 47 Figure 1.15 Leverage ratios 48 Figure 1.16 Additional Full-Time Equivalent Jobs 49 Figure 1.17 LGF Funding by funding type and year (capital versus revenue) 50 Figure 1.18 LGF Ask by Theme 51 Figure 1.19 Total investment (all sources) 51 Figure 1.20 Competitive, Talented, Responsive and Connected Full Time Equivalent jobs by strategic theme and year 52 Figure 1.21 Total FTE jobs created by 2021 projects 54 Figure 1.22 Total FTE jobs created by 2021 projects (summary) 54 Figure 1.23 Modelling scalability in scenarios 54 Part 2 Figure 2.1 An architecture for growth: projects 56 Part 3 Figure 3.1 An architecture for growth: projects and themes 248 Figure 3.2 Strategy into Action 253 Figure 3.3 Directions for Collaborations 254 7 Acknowledgements Acknowledgements 8 Acknowledgments We would like to thank the team at Bournemouth University Marketing and Communications for patient work with design and layout to finalise this document. We would like to thank Liam Toms for assistance with pictures and logos and Professor Adam Blake for consultation provided for economic analysis. We would like to thank members of the LEP board for oversight and advisory support and for their commitment to this project. Finally we would like to thank the representatives of local authority, housing, planning and transport departments who have advised on and supplied copy, images and text. Similarly local business leaders who have set out plans and projects for local growth. Lorna Gibbons, Director, Dorset LEP Professor. Iain MacRury, Head of Research and Knowledge Exchange, The Media School, Bournemouth University 9 Foreword Foreword 10 and connect urban and rural localities in the LEP region. transformation reaches far and wide. It demonstrates too, Unlocking stalled development is a central tenet in our a strong local appetite for innovation and inventiveness: Foreword strategic approaches, both for housing and for other both crucial ingredients for growth. Dorset’s is a wide- land-based economic developments. We have developed ranging and flexible offer. It blends programmatic funding frameworks to exploit untapped potential in schemes for deep-rooted development with some As Chair of the Dorset LEP, I take great pride in economy. We have identified potential to increase FDI by the region’s coastal and rural towns and across the opportunities offering potential high returns from well- submitting Transforming Dorset to government. Our £160million in five years. At the same time an additional region. Dorset’s Growth Towns programme will mobilise specified local investments in growth. Strategic Economic Plan encapsulates our core themes 400, 000 International tourists would enjoy Dorset’s resources to re-invigorate our smaller towns, amplifying And finally to the Local Growth Fund: The Dorset LEP of Talented Dorset, Competitive Dorset, Connected natural assets, joined by over 2,900,000 new domestic contributions they can make in the local and national and local partners request is simple, provide us with the Dorset and Responsive Dorset. These have guided visitors. economy. We believe this work will set a template for Board members from the start of the Dorset LEP. Lately, resources and tools to do the job we have been entrusted We want to seize this opportunity. We are optimistic, but town-based renewal across the south of England. they have framed discussions with partners across the to do, and we will deliver the accelerated growth and we are also alert to threats. We must support our ageing LEP region as we have worked to develop a shared Our Unlocking Potential Fund will focus and co-ordinate rebalancing of the economy that the UK needs. population. We must address pockets of unemployment approaches across local government functions in order vision, a shared framework for growth and, now, this, our We ask that Government looks at our proposals free and decline (notably around Weymouth and Portland).