Local Industrial Strategy

Help shape the development of the Cornwall and Isles of Scilly Local Industrial Strategy, our compelling case to government about how we can make the most of our distinctive strengths and opportunities to raise productivity in our economy.


Share your voice, help shape the future

Our aim is to develop a strategy which makes a compelling case to government and private sector investors, built on evidence of our county’s distinctiveness and future opportunities for economic development, jobs and wages growth. It will also set out how Cornwall and the Isles of Scilly can help contribute to national challenges and ambitions.

CIoS Local Industrial Strategy will not replace our other local strategies, such as 10 Opportunities and Vision 2030, but it will become our ongoing conversation with government.

What is the CIoS Local Industrial Strategy?

All Local Enterprise Partnerships are tasked with developing a Local Industrial Strategy which demonstrates how areas will raise productivity in the economy, in line with the Government’s national Industrial Strategy.

They should set out a small number of clearly defined priorities for how cities, towns and rural areas will maximise their contribution to UK productivity, and allow areas to make the most of their distinctive strengths.

They will promote the co-ordination of local economic policy and national funding streams, and be based on clear evidence. Local Industrial Strategies will inform Local Enterprise Partnerships’ approach to any future local growth funding deployed through them, and establish new ways of working between national and local government.

Contributing to the Local Industrial Strategy, CIoS LEP has its 10 Opportunities document ‘Towards a Local Industrial Strategy’ which was developed in 2018 in wide consultation with the business community. It identified nine industry opportunities and drivers of economic change and growth as well as identifying sectors such as construction and manufacturing which underpin the development of a strong economy.

In 2017 the LEP published Vision 2030 which was a revised and updated Strategic Economic Plan. This focused on People and Place, Innovation and Creativity, Productivity-Led Growth, Inclusive Growth, Building Great Careers, Vibrant Communities and Global Presence.

These documents and the consultation data which led to their development form part of the evidence base underpinning the Local Industrial Strategy.

How will we deliver it?

The first step is to compile evidence and data which will be submitted for independent economic review. The review may identify gaps in the data which we will address. The review will also indicate likely areas of focus and give us the initial framework of a draft strategy. From there we will consult on the draft to get feedback and critique from businesses and organisations which will then help shape the evolving strategy into a final document ready to be submitted early in 2020.

There is a requirement that the strategy helps to address the government’s four grand challenges:

  • Growing the artificial intelligence and data driven economy
  • A shift towards clean growth
  • A world leader in the future of mobility
  • Innovation in order to meet the needs of an ageing society

The government also want Local Industrial Strategies to respond to their five foundations of productivity:

  • Ideas: the world’s most innovative economy
  • People: good jobs and greater earning power for all
  • Infrastructure: a major upgrade to the UK’s infrastructure
  • Business environment: the best place to start and grow a business
  • Places: prosperous communities across the UK

Update 10 March 2020

LEP publishes draft Local Industrial Strategy

The Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) will soon submit its draft Local Industrial Strategy to government.

Every LEP has been asked to lead and develop a Local Industrial Strategy in their area.

This will decide local economic priorities for the next decade, in line with the government’s national Industrial Strategy, which aims to boost productivity and create high-quality, well-paid jobs.

It will also be the key document for LEP engagement with government and will set the framework for future investment, including the new UK Shared Prosperity Fund which is designed to replace EU funding post-Brexit.

Glenn Caplin-Grey, Chief Executive of the Cornwall and Isles of Scilly LEP, said: “The Local Industrial Strategy is built on a robust and open evidence base and can be used as a live document for all stakeholders in conversation with government, and for decision making around investments in the future.

“Our vision is that in 2030 Cornwall and Isles of Scilly’s creative and carbon neutral economy will be realising opportunities for its people, communities and businesses to thrive, benefiting the environment and providing an outstanding quality of life for all.

“And we want to move beyond the traditional economic metrics of ‘Gross Value Added’ (GVA). Economic growth should not be at the expense of our environment and our people, which is why this strategy is informed by four guiding principles of inclusive growth, clean and circular economic development, using the creative economy to drive innovation and environmental growth.”

The Local Industrial Strategy it is a product of extensive consultation and reflects shared ambitions for the future of the Cornwall and Isles of Scilly economy. It focuses on locally specific strengths and opportunities including clean energy, geo-resources, data and space, the visitor economy and agri-food.

In preparing the strategy the LEP hosted a series of roundtables with businesses or varied size and sectors, research institutes and public sector bodies.

Expert groups were convened to examine sector growth opportunities in more detail, including mining, energy, creative industries, tourism and food. And the strategy was stress-tested by a ‘critical friends’ panel comprising academics, politicians and Whitehall officials.

The LEP is seeking formal endorsement of the draft strategy this month from Cornwall Council and the Council of the Isles of Scilly, and will be working up an implementation plan with stakeholders in the coming weeks before a final draft goes to Government, with sign-off anticipated before the summer.

To view the draft Local Industrial Strategy click here.

Hear from Glenn Caplin LEP CEO

 

Page last updated: 08:56, 10th March 2020
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Cornwall and Isles of Scilly Local Enterprise Partnership, PO Box 723, Pydar House, Pydar Street, Truro, TR1 1XU
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