Nottingham. Silverstone. Banbury. Oxford

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1 Newark Nottingham Leicester Birmingham Corby Milton Keynes S t r ate g i c Economic Plan Cambridge Bedford Luton Oxford London S u mma ry The South East Midlands is an area of exceptional opportunity combining world class a s s ets w i th superb access to mar k e t s a n d qu a lit y o f lif e. T h e St r a t e g ic E c o n o m i c P l a n b u i l d s o n a s t ro n g t r a c k re c o rd t o d e l i v e r g ro w t h i n j o b s a n d h o m e s t h ro u g h planned targeted interventions that have been rigorously appraised and prioritised u s i n g Tre a s u r y Green B o o k criteria. Track Record of Growth Base position 00 with no LGF investment Growth with 0m of LGF investment in 0/ Additionality Population increase of 0.% Population increase of.% Population Increase of.%.% population increase,00 new homes,00 new homes 0,00 new homes,00 new homes,00 new jobs,00 new jobs,00 new jobs,00 new jobs GVA increase of bn GVA increase.bn GVA increase of 0.bn GVA increase of.bn Significant Government investment in Growth Funds No Government Investment through LGF Government investment of 0m in 0/

2 G AT E W AY T O B R I TA I N A N D E U R O P E BY 00 WILL BUILD MORE NEW HOMES,00 BY 00 N at io nal This builds on s strong track record of growth. In 0/ 0,0 new homes were built in England,.% of which were in compared with s share of the population, which is.%. Between 00/0 and 00/ housing starts in increased by % compared with % for England over the same period. CREATE MORE SUSTAINABLE JOBS,00 NET NEW JOBS BY 00 has delivered new jobs at a faster rate than the national economy over the last decade with over,00 jobs created since 000. The Waterside Enterprise Zone will deliver,00 new jobs between 0 and 00. Area ATTRACT AND CREATE,00 NEW BUSINESSES NORTHAMPTON MILTON KEYNES Int e r nat i o nal There are, businesses in the area, the majority of which are small (.%) employing fewer than 0 people. The number of businesses increased by.% from 0 to 0. SHIRE Manchester Liverpool Grow existing businesses In 0, the total turnover for businesses was.bn. This represents a.% increase from the previous year. A(M) M INCREASE INWARD INVESTMENT FROM OVERSEAS AND EXPAND FOREIGN TRADE Newark Nottingham is well represented by global businesses in our key sectors of High Performance Technology, Logistics, Manufacturing and Advanced Technology, including food and drink. Between June and December 0, we attracted around 0m of inward investment from companies located outside the area and from overseas. East Coast Mainline Leicester Birmingham Birmingham Airport Midland Mainline West Coast Mainline M0 Bedford INCREASE THE NUMBER OF APPRENTICESHIPS BY,000 by 00 Cambridge Cran eld Airport Milton Keynes London Luton Airport Luton London Oxford Airport delivered,00 new apprenticeships in 0/ and have plans in place to increase this number by around % each year. Stansted Airport Oxford M INVEST PUBLIC AND PRIVATE MONEY IN PRIORITISED, DELIVERABLE AND KEY STRATEGIC INFRASTRUCTURE PROJECTS London Heathrow Airport Gatwick Airport Eurostar The list of prioritised projects on page provides details of our plans for investing around 0m of Local Growth Fund resources in 0/ alongside over 00m of local contributions from the private and public sector. To Brussels RAISE THE ECONOMIC PROFILE OF NATIONALLY AND INTERNATIONALLY Brighton To Paris Building on our existing assets of, Millbrook Proving Ground, Bletchley Park, National Skills Academy for Rail Engineering, National Transport Systems Catapult. We have aspirations to secure the new HS Academy, Advanced Propulsion Centre and Alan Turing Institute.

3 KEY ASSETS* *as detailed in Case Studies at Annex C of main document Priors Hall Park Corby Waterside Enterprise Zone PETERBOROUGH International Rail Freight Terminal Colworth Science Park icon BUNTINGTHORPE AIRFIELD & PROVING GROUND M Bedford i-lab M NORTHAMPTON CAMBRIDGE EAST WEST LINK Area M Local Authorities 0 Towns within Main Rail Routes 0 Motorways Biggleswade Major A Roads Waterways Brackley ecotown Airports EA ST WE INK ST L Millbrook Proving Ground Hospitals Colleges Science/Technology/Business Hubs Enterprise Zone LONDON LONDON STANSTED LONDON OXFORD Stotfold SHIRE Buckingham Priors Hall Park Corby Cran eld Technology Park Sandy MILTON KEYNES Towns and Cities outside Butter eld Enterprise Hub Millbrook Proving Ground Arla Dairy University of Buckingham Cran eld University University of Open University University Campus Milton Keynes Bucks New University at Central Bedfordshire UTC Buckinghamshire UTC 0 UTC UTC OXFORD M) University of Bedfordshire A( Universities / University Technical Colleges (UTC) M0 London Luton Airport HEATHROW CITY LONDON Arla Dairy

4 PRIORITISED PROJECTS Project Name Prioritised Projects Lead Authority Total LGF cost Total project costs ( m) LGF / ( m) Other Public Sector ( m) Total Private Sector ( m) % Private Sector Outputs Joint Bid Local Transport Board Priority Projects (ranked by LTB Priority) PETERBOROUGH Woodside Link (Dunstable) Central Beds %, jobs (, construction),0 homes Bedford Western Bypass Northern Sect London Luton Airport Highway Access Bedford ,000 jobs (00 construction),00 homes Luton %,00 jobs (0 construction jobs) M A Dualling from Fen Farm to J Milton Keynes %,00 jobs (00 construction),00 homes Other Transport and Infrastructure Projects ranked as independently assessed M Abthorpe Roundabout () South Northants %,00 jobs (00 construction),0 homes 0 NORTH- AMPTON DISTRICT CAMBRIDGE Routes into Employment (Sustainable Transport) Central Beds % jobs ( construction) A Development Link %,000 homes,00 jobs (,00 construction) NEP funded support M0 Brackley Buckingham MILTON KEYNES 0 SHIRE Sandy Biggleswade Stotfold Energy and SUE ,0 jobs ( construction),00 homes Working Woodland Centre Central Beds % jobs ( construction) NEP bid ( m) ( m) 0 Joining up St James Mill Road jobs Waterside North jobs (00 construction) icon jobs (00 construction) BTVLEP bid (.m) SEM- LEP bid (.m) Winslow Superfast Broadband Local Broadband Partnerships % 00 jobs DISTRICT Eastern Link Road including Stocklake Link Road () %, jobs ( construction), homes BTVLEP bid support A Corridor Bedford ,000 jobs (00-,000 construction) ilab Bedford ,00 jobs (00 construction) London Luton Airport Surface access Luton %,00 jobs OXFORD A(M) Bletchley Station Milton Keynes jobs (0 construction) Skills Capital Projects ranked as independently assessed College ( Campus) College % 0 jobs (0 construction) 0 Engineering Futures Milton Keynes College / OU jobs ( construction) Area Local Authorities Towns within Towns and Cities outside Main Rail Routes Motorways Major A Roads Waterways Strategic Housing and Mixed Use Schemes Strategic Employment Sites Waterside Enterprise Zone East West Rail M0 LONDON Advanced Integrated-Engineering Centre for Transport Engineering and Construction Skills Centre University Central Beds College % jobs (0 construction) % 0 jobs (0 construction) Smart City Thinking Milton Keynes % 00 jobs and College Activate Learning jobs TOTALS 0.m.m 0.m.m.m % LTB Allocation: 0m, Note: Central Beds now requires an additional 0m as there are no further available sources of funding for transport projects. LTB Allocation m. The total project cost of m is split into m for Junction 0a and m for Weekley Warkton Avenue. This project will enable.bn of economic benefits. This project is seeking EU funding.. million Local Authority (Central Bedfordshire Council, Milton Keynes Council and Bedford Borough Council) and Broadband Delivery UK funding of. million. Figures quoted are indicative only and subject to procurement. Notes: Total Costs rounded in m to decimal place

5 Governance and Delivery has a strong governance structure that ensures we are able to deliver our programme of projects efficiently and effectively. The joint public private sector Board is the key decision making body informed by our wider private sector business community and local authorities. To ensure that the projects contained in this SEP are delivered we have established a Growth Fund Task Group that will manage and monitor the programme of Local Growth Fund projects on behalf of the Board. This group will include representatives from overlapping LEPs in a similar way to the proposals for managing European Funds. Engagement & Advisory Pre-Board Review Decision Implementation Private and Third Sector Business Engagement Group/Survey Accountable body (Luton Borough Council) Company Members SEM Universities/SEM Further Education Voluntary and Community Private Sector Directors Growth Fund Task Group Public-Private Engagement/Advisory Groups Property Development Infrastructure Implementation and Delivery Creative & Cultural Enterprise Zone Local Authority Leaders Chief Executives BOARD Delivery High Performance Technology Logistics & Supply Chain Manufacturing & Advanced Technology Skills Forum Sports Public Economic Development Officers Planning Officers Transport Officers Board Sub-Groups European Union Sub Group Finance & Remuneration Committee Growing Places Fund Task Group Inward Investment & Retention Progress reports Provided to all stakeholders Received formally by local authorities Public publication via internet Freedoms and Flexibilities We have identified some high level suggestions for Freedoms and Flexibilities, which focus on housing delivery and planning powers. We are seeking more flexibility within the planning regime to enable growth. This would require a commitment by Government to work with us across Government Departments and Agencies to deliver exciting projects such as the Energy Park. We would also seek greater flexibilities around pooling of S0 contributions to deliver infrastructure. mapping and graphic design by:

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