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BERKSHIRE PROSPECTUS AMBITION, COLLABORATION and GROWTH Thames Valley Berkshire LEP Berkshire Prospectus Local Authorities As Well As Other Key Stakeholders

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BERKSHIRE PROSPECTUS AMBITION, COLLABORATION and GROWTH Thames Valley Berkshire LEP Berkshire Prospectus Local Authorities As Well As Other Key Stakeholders BERKSHIRE PROSPECTUS AMBITION, COLLABORATION AND GROWTH 02 THE BERKSHIRE Berkshire Prospectus Berkshire PROSPECTUS THE OPPORTUNITIES IN THIS PROSPECTUS It is no coincidence that this prospectus for Berkshire has been released in tandem with the Thames Valley Berkshire Local Enterprise Partnership (LEP) Recovery and REPRESENT A CHANCE Renewal Plan. The two documents sit alongside each other, evidencing the formidable collaborative nature of how TO RESET POST COVID the LEP is working in partnership with the six Berkshire Local Authorities as well as other key stakeholders. AND MAKE BERKSHIRE This prospectus clearly identifies several key schemes and projects which, when delivered, will greatly enhance Berkshire’s appeal as a place to live and EVEN BETTER work in the years ahead. The projects highlighted in this prospectus represent unique opportunities for new investment that will appeal to a wide range of partners, locally, regionally and nationally. The LEP and Local Authorities will work alongside private and public sector colleagues to facilitate the development and successful delivery of these great opportunities. COLLABORATIVE WORKING We should highlight the constructive partnership between the Local Authorities and the LEP, who together have forged a great working relationship with One Public Estate (OPE). Established in 2013, OPE now works nationally with more than 300 councils.These projects are transforming local communities and public services right across the country. They provide technical support and funding to councils to deliver ambitious property and place-focused programmes in collaboration with central government and other public sector partners. Thames Valley Berkshire LEP Berkshire Thames Valley 03 As highlighted in the Recovery and Renewal Plan, Thames Valley Berkshire is more than the sum of its parts. There is great diversity across our communities: seven major towns across the area, each Berkshire Prospectus Berkshire with an economy of its own, contribute to Berkshire’s strength. Our cutting-edge industries – such as digital technology and life sciences – are supported by institutions such as the University OUR CUTTING EDGE of Reading, Royal Berkshire Hospital and Atomic Weapons Establishment (AWE) to create thriving business eco-systems. Rural West Berkshire is home to many small and medium sized INDUSTRIES, SUCH AS businesses, again often specialising in future technologies. This area also offers access to green spaces that make Berkshire DIGITAL TECHNOLOGY a great place to live and visit, as well as to work. AND LIFE SCIENCES, MOVING FORWARDS TOGETHER ARE SUPPORTED BY Like all parts of the UK, we have our challenges. The cost of living – especially the cost of housing – is high in Berkshire, making it difficult for us to compete with London in attracting and retaining ANCHOR INSTITUTIONS young talent. Despite our overall economic success, we have deprived neighbourhoods where quality work opportunities have failed to materialise and unemployment is rising rapidly in some of TO CREATE THRIVING our localities, such as Slough, as a consequence of the economic downturn created by the COVID-19 pandemic. BUSINESS ECO-SYSTEMS This initial prospectus represents an opportunity to reset and rebalance our economy post COVID-19, making Berkshire even better, ensuring that no member of our community is left behind and becoming truly sustainable, in line with the government’s target of a ‘net zero’ carbon economy by 2050. We hope you find it of interest. Signed Alison Webster Nick Carter Chief Executive Thames Valley Chief Executive West Berkshire Find out more about how Berkshire is Berkshire LEP Council Lead representative for investing in the future: the Berkshire Local Authority of Chief Executives and OPE thamesvalleyberkshire.co.uk/investing-in-growth Thames Valley Berkshire LEP Berkshire Thames Valley 04 INVESTMENT Berkshire Prospectus Berkshire OPPORTUNITIES Bracknell Forest Council Slough Borough Council Reading Borough Council West Berkshire Council Royal Borough of Windsor Wokingham Borough Council and Maidenhead River Thames To Bristol 08 and Wales 27 13 24 Maidenhead To London Slough M4 M4 Windsor 12 20 09 M4 Heathrow Airport Reading M4 07 17 River 21 15 Thames 16 Bracknell 18 06 Wokingham Newbury 22 26 11 25 Digital Infrastructure 06 North West Quadrant 13 Minster Quarter 20 Commercial Depot 26 The Deck 07 Grazeley Farm 15 LRIE District Heat South West Network 21 Maidenhead The Nicholson Quarter 08 Leisure Centre Opportunity Area 27 Upgrades 16 Southern Quarter 22 The Science and Pan-Berkshire Projects 28 Innovation Park 09 Easthampstead House Britwell Hub 24 Bracknell Civic Quarter 17 Gorse Ride 11 North/South Active Ascot High Street 18 Travel Route 25 Reading Gaol 12 CONTENTS Thames Valley Berkshire LEP Berkshire Thames Valley 05 WHY INVEST A strategic location We are close to London and Heathrow Airport, as well Berkshire Prospectus Berkshire as to Oxford, which makes us an attractive destination IN BERKSHIRE? for foreign direct investment. We are also well placed to attract businesses looking to give up London HQs in response to post COVID-19 shifts in work styles. Collaboration is key to making the most of our considerable Vibrant lifestyle opportunities resources, which is why Thames Valley Berkshire Local Across the area, Berkshire offers a mix of vibrant towns, Enterprise Partnership (LEP), the six Berkshire Local Authorities cultural hubs, urban green spaces and rural areas. and other key stakeholders are committed to working together Berkshire’s residents have a wealth of arts, culture and to ensure Berkshire continues to thrive in the future. history on the doorstep, from world-famous attractions This prospectus is evidence of the commitment to greater such as Windsor Castle which provide a visitor economy collaboration across Berkshire. Working alongside private and to smaller arts venues and leisure facilities. public sector colleagues, the LEP and Local Authorities will help A skilled workforce to develop and deliver these inspiring schemes to enhance Berkshire’s status as a great place to be based. Berkshire residents are much more likely to possess a degree than the national average (49% of the working population versus 39% nationally). This is the third Our Recovery and Renewal priorities highest area in the country, after London and Oxfordshire. Our pipeline of future talent in the sub-region is abundant In our Recovery and Renewal Plan, also published in February and high performing in exams. 2021, we set out our plans for protecting and rebuilding our Thriving business ecosystems economy in the wake of COVID-19. Our seven major towns, each with an economy of their The actions in the Plan fall into three priorities: own, contribute to Berkshire’s strength in cutting edge Connected Berkshire – where physical and digital industries, such as digital technology and life sciences. connectivity give our businesses a cutting edge and the Those industries are supported by anchor institutions, Berkshire workforce enjoys greater flexibility in where including the University of Reading, Royal Berkshire and how they work. Hospital and Atomic Weapons Establishment (AWE), to create thriving business and innovation environments. Collaborative Berkshire – where businesses and other organisations including central and local Positioned for growth government work together to accelerate innovation and Data indicates that the Berkshire economy will grow in commercialisation. key sectors such as technology; engineering and science; Skilled Berkshire – where employers get the critical skills business and finance; healthcare and sales. The digital they need and employees can train and retrain in order to technology sector dominates our economy and is responsible navigate new career paths. for nearly a quarter of Berkshire’s economic output, compared to only 7% nationally. It is predicted this sector will continue to Running through each of the priorities are the cross grow, putting us in an excellent position. cutting themes of sustainability and inclusivity. The LEP area has a good record of employment in knowledge Each of the projects in this prospectus will play a role in helping and science-based industries and business and professional us reach our goals for recovery and renewal. We have indicated services. This resilient mix of skills and industries, many of on each page which priority that project reflects. which span international borders, should enable us to adapt Thames Valley Berkshire LEP Berkshire Thames Valley to the post COVID-19 landscape. 06 Connected Berkshire CONNECTING BERKSHIRE IN Berkshire Prospectus Berkshire THE POST PANDEMIC WORLD DIGITAL INFRASTRUCTURE – CONNECTED BERKSHIRE Post COVID-19, shifting working practices will require robust and rapid digital infrastructure. Thames Valley Berkshire’s post-pandemic Recovery and Renewal Plan places ‘Connected Berkshire’ as its first priority. World-class digital infrastructure in Berkshire is key to ensuring that it maintains its current strong social and economic position. With full fibre coverage at 11%, there is work to do to ensure that Berkshire catches up with, or overtakes, other areas of the UK. A positive start has been made with the impending roll-out of full fibre to 82 schools in West Berkshire and we aim to build on this by completing 4G coverage and expanding 5G. The Berkshire Digital Infrastructure Group (DIG) will oversee this project and its primary aims: • increase the percentage of Berkshire premises connected
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