Date: 16 Jan 2019 Version 1.0 Approved by KB 1

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Date: 16 Jan 2019 Version 1.0 Approved by KB 1 Date: 16 Jan 2019 Version 1.0 Approved by KB 1 ECONOMY AND REGENERATION – PORTFOLIO OVERVIEW Portfolio Summary This year’s Quarter 3 report is the first one reflecting a newer style of reporting activity “by exception”. This doesn't mean there will be any less scrutiny. We are still reporting on the same measures, but the new format should make it easier to identify where there are significant differences, good and not so good, between the targets we set at the start of the year and our current performance. Though I included this in my last report, it’s worth mentioning again that Quarter 3 saw the opening of the A6 to Manchester Airport Relief Road, which now provides a vital road link across Stockport, Manchester and East Cheshire. The Work and Skills Board, established following the Work and Skills Commission that took place in 2018, held its first meeting in October 2018 and it meets again in February. The Board is focussing in particular on how it can help some of our most disadvantaged residents to access work. Progress with the Working Well (Work & Health Programme) has been limited however and it is very unlikely that we will hit the 2018/19 targets set for job starts associated with the programme. The programme provider and Jobcentre Plus are working hard to address this and we expect performance to improve significantly in 2019/20. We will continue to scrutinise this work very closely. The proposed Mayoral Development Corporation (MDC) is set to move a step closer to being realised in January when Andy Burnham will launch a consultation on creating an MDC to lead the regeneration of Town Centre West. Stockport’s Cultural Network has been working to develop a Cultural Strategy framework for the Borough intended to facilitate access to external funding that will help to enhance the Borough’s cultural offer. For its part, the Council has bid for DCMS funding to develop digital arts spaces, primarily in the Market & Underbanks area. We should know the outcome of our bid in February 2019. As well as this potential development, facilities in the Market and Underbanks area are continuing to be improved. Market Place Management took on full responsibility for running the Market on January 1st, the Angel Inn and Blackshaws Café opened in December and the Produce Hall is scheduled to reopen in February. Encouragingly, footfall in Market Place increased this quarter, reversing recent trends, and we are confident that the enhanced facilities in the area will see these positive trends continuing. Finally, I wanted to mention the event on 7th January 2019 that marked the launch of a radical revision of the Greater Manchester Spatial Framework. The area of green belt proposed for development in this revised version is less than half that originally proposed – the latest iteration of the document places far more emphasis on development in town centres, on brownfield sites and on other sustainable locations. Consultation on this draft runs to 18th March 2019. Another draft and consultation on that will follow and the intention is that it will be formally adopted sometime in late 2020 or early 2021. Cllr Kate Butler - Cabinet Member for Economy and Regeneration 2 1. ECONOMY AND REGENERATION PORTFOLIO DELIVERING OUR PRIORITIES PI Status - Key 2018/19 actual / forecast is significantly below target 2018/19 actual / forecast is below target but within acceptable tolerance range 2018/19 actual / forecast is on or above target or within target range Priority 1 - Inclusive growth Highlights and Exceptions from Q3 Delivery Projects The creation of new co-working and additional flexible workspace for new businesses was completed at Stockport Business and Innovation Centre (SBIC) during Quarter 3. Six co- working desks will be available from January 2019. All three incubators are let and occupied, as is one ‘grow-on’ unit for an existing digital business. Monthly business planning and budget management continues. The centre now houses 53 small businesses across a range of sectors. The Strategic Housing Land Availability Assessment (SHLAA) for 2018 was published this quarter alongside the annual brownfield land register update. During 2018, the Stockport Work and Skills Commission identified the need for a new strategic partnership body for work and skills in Stockport. In response to this, following the conclusion of the Commission, a new Stockport Work and Skills Board was established. A senior business leader from Stockport chairs the Board and its membership includes representatives from other Stockport businesses (including SMEs), Council members and officers, education, skills, training and employability providers. The quarterly cycle of meetings for the Board started in October 2018 and the next meeting is set for 06/02/19. The Board has been looking at how employers can offer “good work” in line with the newly proposed GM Good Employer Charter, which will improve access to work for the most disadvantaged people in Stockport. In addition to this, the Board is looking at refining the work and skills priorities identified by the Work and Skills Commission to produce a realistic and manageable set of key actions to take forward. Wider Context and Challenges Greater Manchester Spatial Framework (GMSF) At an event on 7th January 2019, Mayor Andy Burnham and the Leaders of GM councils presented the revised draft of the GMSF. It is radically different from the original draft in that it places far more emphasis on use of brownfield sites, prioritising redevelopment of town centres and other sustainable locations. This revision proposes a net loss of green belt which is less than half that proposed in the original draft. The plan has a minimum target of 50,000 additional affordable homes, 30,000 of which will be social housing, over the next 20 years. The draft includes a summary of proposed developments in each of the GM districts. Stockport has eight allocations, providing land for 3,700 homes and 90,000 square metres of industrial and warehouse floor space. 3 These are: Bredbury Park Industrial Estate Expansion. Former Offerton High School. Gravel Bank Road / Unity Mill. Heald Green. High Lane. Hyde Bank Meadows / Oak Wood Hall. Griffin Farm, Stanley Green. Woodford Aerodrome. Consultation on the draft GMSF is open until 18th March 2019. Following this round of consultation, a further draft plan will be produced for consultation in the summer of 2019. This will be subject to approval by GMCA and all 10 GM Councils. It is anticipated that final plan will be submitted for examination in early 2020 and adopted late 2020/early 2021. Measuring Performance and Reporting Progress Good 2017/18 2018/19 PI Code PI Name perform- Status ance Actual Q3 Actual Forecast Target Number of breaches of 39.6% 45.6% planning control E&R1.1 Low 603 C 147C 44.4% 40.0% discovered as a % of 239 B 67B complaints received. Cumulative totals in Quarters 1-3 are 482 complaints and 214 breaches. Compared with Quarter 1, the number of complaints has reduced and the proportion of breaches remains at 44%. The forecast outturn therefore is 44.4% - above the 40% target. Number of breaches 90% 93% E&R1.2 resolved by negotiation, High 95% 80% (217) (62) and % of total breaches. Number of breaches where formal action was taken (including notices except for a Planning E&R1.3 Contravention Notice and Low N/A 5 (7%) 20 (5%) 20% prosecutions that have not resulted from a notice – i.e. trees, listed buildings etc.) % occupied managed workspace and incubator E&R1.4 floor space actively High 83.0% 87.0% 90.0% 91.0% managed for start-up/ micro-businesses Occupancy at SBIC rose to 90% in December following the occupancy of four newly divided units in a former larger and unlettable unit. The average over the quarter was 87% but it is hoped 90% or more will be sustained throughout Quarter 4. Pioneer 10 took place in November, with the winning business "Wattl" receiving space in the centre and support from partner businesses. 4 Good 2017/18 2018/19 PI Code PI Name perform- Status ance Actual Q3 Actual Forecast Target 118,312 Square feet of office, retail (465,814 E&R1.7 and industrial space let or High 1,034,994 800,000 800,000 year to sold to new occupiers. date) Number of FTE jobs 390 created in relation to floor E&R1.8 High 2060 (839 year 1,200 1,500 space let or sold to new to date) occupiers. Numbers of jobs created as a result of investment is projected to be lower than 17/18 and is unlikely to reach the full year forecast as there will be no developments as substantial as Stockport Exchange, Aurora or Redrock. Net number of business 2018 outturn will be Aim to E&R 1.9 start-ups – i.e. business High -145 available during maximise “births” minus “deaths”. 2019/20 Quarter 3 ONS survey data released during Quarter 3 indicates more business "deaths" than "births" in Stockport during 2017. This is a reflection of the trend nationwide during 2017 (reduction in business births and increase in business deaths). The ONS cites economic uncertainty as a possible reason, but it could also be a symptom of more people returning to positions of employment rather than self-employment. (Please note, the ONS periodically amends these figures as it incorporates some estimates, so the net figure may change). This data should be considered as an indicator and not in isolation of the broader range of economic data available. 2018 outturn will be Business start-up survival Aim to E&R 1.10 High 61.5% available during rates after 3 years (%).
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