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Status and Challenges for LEPs - 18 months on.
1. Status and Challenges
for LEPs - 18 months on
17th May 2012
Dr Martin Dare-Edwards
Start-Up Chairman
Oxon-LEP
2. Status and Challenges for LEPs -
18 months on
ïŁ LEPs â Modus Operandi
ïŁ Oxfordshire LEP â Priority Themes
ïŁ Oxfordshire LEP Spatial Priorities
ïŁ Top Challenges for LEPs beyond Start-Up
3. LEPs â Modus Operandi
ïŁ LEPs were created to seize opportunities for Local Prioritisation
& Leadership in pursuit of Enhanced Economic Growth
ïŁ The Oxfordshire LEPâs Mission was established as:
â âThe Oxfordshire LEP exists to help create more high-
value-adding, sustainable jobs in Oxfordshireâ
ïŁ LEPsâ activities will focus on identifying and working to remove
barriers to economic growth
ïŁ With negligible operational funding, limited âin-kindâ and
voluntary resourcing, sharp prioritisation is necessary towards
maximum valueâŠ(cf. Row / Steer / Cheer approach)
4. Oxfordshire LEP â Priority Themes
ïŁ Supporting Inward Investment
â Marketing of the âInvest in Oxfordshireâ offering (also via UKTI)
â Oxfordshire Science Vale Enterprise Zone (OSVEZ)
â Identifying and Promoting âClusters of Excellenceâ and
Specialised Supply Chains in High Growth Sectors
â Supporting Existing Businesses to Innovate and Grow
(linkage to âBusiness Coaching For Growthâ programme)
â Access to Finance and Export Support
ïŁ Identifying and Securing Investment for Top Priority
Enabling Infrastructure Projects
â Also using GPF (~ÂŁ9M) and âTIF2â Pump-priming Funds
ïŁ Addressing Skills Mismatches
â A âSteeringâ activity through the (new) Oxfordshire Skills Board
5. Oxfordshire LEP â Spatial Priorities
ïŁ Oxfordshire Science Vale Enterprise Zone (OSVEZ)
â Local Operational Partner - SVUK Partnership Board
â National & International excellence for Science & Technological
Innovation
ïŁ Bicester
â Local Operational Partner â Bicester Vision
â Drive to establish coherent Housing and Employment-based
Development, inclusive of the Eco-exemplar
ïŁ Oxford City
â Local Operational Partner â Oxford Strategic Partnership
â Continue to support inward investment as world-class centre of
education, research and innovationâŠ
⊠including particularly in BioPharma & Medical Technology
6. Top Challenges for LEPs beyond Start-Up
ïŁ Sustaining passion for holistic benefits to the LEP area
ïŁ Turning aspirations & plans into delivery programmes
ïŁ Securing effective collaborative partnerships with
the competing local authorities (for Oxon = county &
districts), particularly for Infrastructure Development
ïŁ Making tough decisions on allocation of limited
capital investment funding (with prompt returns!)
(GPF, retained EZ business rates and other âlocal fundingâ)
8. Why Clusters?
ïŁ Good is not Good enough!
ïŁ No focus means invisibility!
ïŁ Clustering - proven basis to lead economic growth
ïŁ Specialised Supply Chains, including Specialist
Service Providers
ïŁ Fermentation of innovation (competitive &
collaborative) â global hotspots!
ïŁ âCatapultsâ are examples for coordination
ïŁ UKTI Inward Investment Support
ïŁ UKTI Export Support (especially for SMEâs)
9. Oxfordshireâs âPremier Leagueâ Clusters
ïŁ Satellite Applications
Earth-Observation Satellites: Upstream Technologies, Control &
Data Acquisition, Data Exploitation
ïŁ Cryogenic Technology
âCoolestâ parts of Oxfordshireâs (Globally) Brightest & Hottest!
Magnetic Resonance Imaging & Supply Chain
ïŁ Automotive Manufacturing & Motorsport Technology
ICE Vehicles, Low Carbon Mobility, Leading-edge Materials,
Engineering & Controls Innovations
ïŁ BioPharma and Medical Technology
Drug Discovery & Clinical Development (âBench-to-Bedsideâ)
10. Enterprise Zone bid
Leveraging an underutilised asset
ïŁ Existing centre of excellence
â World class facilities, research and reputation
ïŁ Need to compete on a world stage
â Raise the profile of Science Vale
ïŁ 92 ha ready from day 1
â Harwell Oxford 64ha + Milton Park 28ha
ïŁ Value for money
â Limited requirement of investment in infrastructure
ïŁ Existing Management
â Commercially managed parks
â Science Vale Board