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D2N2 Strategic Economic Plan Is Distinctive, Supporting Not Only Iconic Government and Communities

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D2N2 Strategic Economic Plan Is Distinctive, Supporting Not Only Iconic Government and Communities D2N2: The UK’s Most Inspirational Postcode – Final – VERSION FOR SUBMISSION TO GOVERNMENT Contents Foreword .............................................................................................. 3 Our Vision for Derby, Derbyshire, Nottingham and Nottinghamshire .................................................................................. 6 Priority Actions .................................................................................. 16 Understanding the D2N2 Economy ............................................... 22 Opportunities and Challenges for D2N2 ....................................... 42 Our Approach and Key Programmes ............................................ 46 Strategic Theme: Business Support and Access to Finance .... 49 Strategic Theme: Innovation ........................................................... 54 Strategic Theme: Employment and Skills ..................................... 61 Strategic Theme: Infrastructure for Economic Growth ............... 68 Strategic Theme: Housing and Regeneration .............................. 78 Governance and Implementation ................................................... 82 Headline Financial Proposals and Match-Funding ..................... 88 Freedoms and Flexibilities .............................................................. 90 2 D2N2: The UK’s Most Inspirational Postcode – Final – VERSION FOR SUBMISSION TO GOVERNMENT Foreword Our businesses, connectivity, innovation, natural environment, iconic It’s regions such as this and industries such as those that will determine the landscapes, exporting and cutting-edge manufacturing and engineering firms course of this recovery.” provide our competitive advantage. Implementing the key priorities of this Mark Carney, Governor of Bank of England, 28 August 2013, plan will accelerate the rebalancing of our economy and the creation of new Nottingham private sector jobs, new businesses and homes and share those benefits across our communities. It will increase productivity and raise living standards making D2N2 an even better place to live, work and invest. D2N2 is at the heart of rebalancing the UK economy, delivering high quality This plan is strategic - providing sustainable jobs to meet the challenges of private sector jobs to implement the Government’s Industrial strategy. We the future; tactical - targeting our distinctiveness through our competitive compete in a global economy – our competitors are in China, North America advantages and prioritised - identifying clearly the key priorities for 15/16 in and India. the context of a broad pipeline of activity which will be developed with This D2N2 Strategic Economic Plan is distinctive, supporting not only iconic Government and communities. D2N2 businesses, like Rolls Royce, Alliance Boots, Toyota, Speedo, British Local areas should be the beneficiaries of local growth with increasing local Sugar, Thorntons, Capital One and Bombardier, to compete but also our control over the public revenues raised from growth. This plan further small and medium sized business and start-ups to grow faster, access develops a framework of local freedoms and flexibilities to encourage action finance, innovate and export. Through a targeted accelerated development and incentivise risk and reward. programme we will provide the economic infrastructure to speed up delivery Finally, this plan brings together the leadership, know-how and drive of the of key development and affordable homes for people to live in. By acting private sector with the local knowledge and ethos of the public sector, Higher locally we can compete globally. Education, Further Education and the Voluntary and Community Sector. As This Plan is also a call for urgent action. such it is a shared plan of action, with clear priorities, which we are delighted As the birthplace of industrialisation, D2N2 has a proud heritage and is the to commend to government and to the many and diverse of communities of UK heartland for manufacturing, engineering and innovation. Making things Derby, Derbyshire, Nottingham and Nottinghamshire. is in our economic DNA but our economy has yet to achieve its full potential. 3 D2N2: The UK’s Most Inspirational Postcode – Final – VERSION FOR SUBMISSION TO GOVERNMENT Peter Professor John Dame Asha Chris Marples Liz Fothergill Richardson, Coyne Kemka Chief Executive, Chief Executive, Chairman Vice Chancellor, Principal and Inspirepac Ltd Pennine D2N2 University of Chief Executive, Healthcare Derby Vision West Notts Trevor Fletcher Richard Peter Gadsby Robert Cllr Roger Managing Horsley Chairman, Ark Crowder Blaney Director and Managing Capital Ltd Chief Executive, Leader, Chairman, Director, QED Rural Newark & Hardstaff Group Public Relations Community Sherwood Ltd Action District Council Nottinghamshire Cllr John Cllr Paul Cllr Anne Cllr Jon Collins Cllr Alan Burrows Bayliss Western Leader, Rhodes Leader, Leader, Derby Leader, Nottingham City Leader, Chesterfield City Council Derbyshire Council Nottinghamshire Borough Council County Council County Council 4 D2N2: The UK’s Most Inspirational Postcode – Final – VERSION FOR SUBMISSION TO GOVERNMENT 5 D2N2: The UK’s Most Inspirational Postcode – Final – VERSION FOR SUBMISSION TO GOVERNMENT Our Vision for Derby, Derbyshire, Nottingham and Nottinghamshire In D2N2 we… Innovation is in our DNA… From being the cradle for the industrial revolution and home to the world’s first factory, Derby, Derbyshire, Nottingham and Nottinghamshire (D2N2) remains a dynamic and diverse economy with enduring excellence in cutting- edge manufacturing and engineering, particularly transport, life sciences and construction. D2N2 combines the best of vital urban conurbations including the Core City of Nottingham and the Key City of Derby, with important sub- regional centres, attractive market towns and productive and diversified rural economies, within a high quality natural environment which enhances the quality of life for our residents as well as being a key economic asset. We have world-class universities and excellent innovative companies large and small, from Sygnature Discovery in Nottingham to Toyota UK, Alliance Boots, EoN and Rolls Royce. With developments like ‘BioCity’ and Infinity Park we can grow the firms of tomorrow. In D2N2, we create, we make and we connect. At the very heart of the UK, with excellent and improving transport and digital connectivity, we have real export strengths and make a significant contribution to the UK’s export earnings. Building on our skilled workforce, innovative capacity, high-quality locations and vibrant urban and rural environment, D2N2 is the competitive location for business investment and has the potential to increase its rate of economic growth and make a significant contribution to achieving the Government’s ambitions for creating a more balanced and sustainable UK economy. 6 D2N2: The UK’s Most Inspirational Postcode – Final – VERSION FOR SUBMISSION TO GOVERNMENT Our businesses say… “For a growing CleanTech business the area is an ideal base as Nottingham “Derby city and the surrounding region has rich industrial heritage upon University is a World authority on carbon fibre and that gives us access to which has been built an exceptionally strong Manufacturing and Engineering leading thinkers, highly skilled workers and technology development base which gives it great economic strength. Toyota understood these opportunities that make this an excellent place for advanced composites strengths when it decided to establish its first European car factory here over design and manufacture. Direct trains to London and East Midlands Airport 20 years ago, one that it has continued to invest in ever since.” plus the impact of the Web mean that we can reach customers anywhere in Tony Walker, Managing Director, Toyota UK the world with the technology we are developing.” Lyndon Sanders – Director and General Manager FAR Composites “Nottingham has been the home of the Boots brand for over 160 years and we remain committed to our presence in the region. The central location “The D2N2 region has the largest concentration of Rolls-Royce employees in works well for our logistics operations supported by the improving travel the UK and Derby is the HQ location for our Civil Aerospace and Nuclear infrastructure. Further, access to a highly educated workforce and a thriving businesses along with many other facilities. Innovation is the lifeblood of our economy makes it the perfect location for any business wishing to locate to a business which together with the skills of our employees is crucial to our world-class city. success. The focus of the Local Enterprise Partnership’s strategy on business-led growth and innovation, infrastructure investment and raising the standards of local skills aligns with our objectives and is welcomed by Rolls- We have a long history of innovation, particularly in Nottingham and the Royce.” area’s current development focus on Life Sciences supports the business in CP Smith CBE, Director – Engineering & Technology, Rolls-Royce plc achieving our vision for the Nottingham Enterprise Zone to be a UK centre of excellence for health, beauty and wellness, as well as encouraging new businesses into the Nottingham area.” “The D2N2 public/private sector partnership will play a key role in raising Mark Chivers, Enterprise Zone Director, Alliance Boots aspirations in its area, and in bringing together all the ingredients needed for local businesses and local people to succeed.” Terry Nash, Managing Director,
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