Going for growth in Hertfordshire

John GourdChairmanHertfordshire Local Enterprise Partnership

Growth has slowed

…is growing...

Growth has slowed

Growth has slowed

Growth has

varied

Growth : a

national priority

What has the LEP done so far?

• Established the evidence base• Invested in key infrastructure

– Business Park Broadband– Watford Health Campus– Elstree Studios– Maylands

• Established inward investment service• Lobbied UK & EU Government for funds

...but we need a long term plan for the economy

LEP vision for growth

• Three elements:– 20 year vision– 10-15 year strategy– 5 year delivery plan

• Consultation - spring 2013• Needs to be focused, prioritised and

resourced to secure further investment

Smart growth

• Key Messages:– High value sectors, jobs and skills– Maintaining a high quality of life– Improving connectivity– Making best use of technology– Being clear on what growth and where

Economic growth can also deliver...

Decent income levels (increasing

the tax base)

Good health (to be able to work, and work for longer)

A better work/life balance

Secure jobs (less unemployment)

Good quality transport systems

More affordable housing

A more sustainable environment

Reflections

• Whilst still strong, our economy needs renewed effort

• The resources and responsibilities are shifting to localities - it is up to us

• Our growth plan is a massive opportunity to secure our future prosperity IF we can agree a collective ambition for Hertfordshire

Thank You

www.hertfordshirelep.co.ukTwitter: @HertsLEP