Strategic Economic Plan
GBSLEP submitted its Strategic Economic Plan (SEP) to Government on Monday 31st March 2014.
In it, the GBSLEP asked for funding of £86.3m for 35 projects in 2015/16. In total, the SEP identifies 52 projects which will deliver an additional 50,000 jobs, 14,315 new houses, 1.7m sqm of commercial space, £2.3bn of GVA over ten years and £1,100m private sector leverage.
The SEP is the next stage on the journey that begun with the Greater Birmingham Project and the Strategy for Growth and sets out how we plan to deliver:
- An additional 50,000 jobs (on top of the 100,000 to which we have already committed);
- 14,315 new homes;
- 1.7sqm of commercial floorspace;
- £2.3bn GVA over ten years; and
- £1,100m private sector leverage.
Our SEP will implement the Strategy for Growth, drawing on the strategic pillars of Business, People and Place, through a series of programmes that have either a thematic or spatial focus:
- Growing Business – supporting the provision of activity to enable the formation, growth, attraction and retention of businesses across Greater Birmingham.
- Enhancing the Regional Economic Hub – strengthening Birmingham City Centre as the regional hub for economic activity
- UK Central, the Enterprise Belt and the wider Birmingham area – unlocking long-term growth potential on a national scale and targeting early investment to create housing and hobs
- Enhancing our Growth Sectors – supporting delivery of key sites , infrastructure, skills and innovation
Key to these programmes are the Game-changers – hugely significant projects that are both utterly aligned to national policy, but unique to Greater Birmingham:
1. The Greater Birmingham Growth Hub – a single front door through which businesses, including social enterprises, can access a world-class business support ecosystem
2.Birmingham Curzon – a truly international station
3. UK Central and the Interchange – a world-class international gateway, and unlocking the growth potential of a unique concentration of strategic economic assets
4. HS2 Connectivity Package – a £2bn package of infrastructure investments across the West Midlands; and
5. “Birmingham Trained Me to Compete” – mobilising resources to capitalise on opportunities around our key growth sectors