Strategy for Growth: Delivering Growth
Introduction to the Strategy for Growth: Delivering Growth
Launched on May 2 2013 following consultation and development with businesses, local authorities, third sector organisations, universities, colleges and representative groups, the Strategy for Growth is the plan which underpins all of the GBSLEP’s activity.
The mission set out in the Strategy for Growth is simple: to create jobs and grow the economy – and, in doing so, raise the quality of life for all of the LEP’s population.
The vision is to re-establish Greater Birmingham’s role as the major driver of the UK economy outside London.
This means overcoming the area’s output gap and establishing the preconditions for economic leadership on a worldwide scale.
Our strategy is built from the views of our stakeholders and is designed to apply focus on those things that matter most to unlock the jobs and growth the region needs.
Working as a partnership, between the private and the public sector, this means a clear focus upon six strategic ‘enablers’:
We believe, from extensive consultation with the region’s businesses and key stakeholders, that these are the six most fundamental issues which need to be addressed in order to bring long term prosperity to our economy.
Our approach to tackling them will be underpinned by our cross-cutting approach to our economy – through which we see as being supported jointly by the three pillars of business, people and place – we believe these six enablers contain within them the keys to achieving our vision.
Aims of the Strategy
To ensure we are delivering and that progress is transparent, we have committed to a set of stretching (yet deliverable) targets:
- A net increase of at least 100,000 private sector jobs by 2020
- A net increase of at least £8.25 billion GVA by 2020
- A decrease in unemployment across the LEP to fall in line with at least the national average by 2020
- An increase in GVA per-head across the LEP to meet the national average by 2020 and exceed the national average by 2025
- An increase in the percentage of the working-age population with NVQ3+ to be above the Core City LEP average by 2020 and out-perform the national average by 2025.
Monitoring Progress & the Strategy Portal
We will rightly be judged by our ability to deliver this ambitious strategy and recognise the need to further develop and improve our delivery capacity.
To do this we will provide the leadership and bring together the best of the public sector and the private sectors.
Together we will openly publish our delivery plans via an online portal which will allow anyone to access the activity underpinning our plans
The Strategy Portal, which is planned to be launched in June 2013, will create for the first time a online and live version of a delivery plan which will allow users to see the detail of activity taking place against each of our priorities and within every area of the GBSLEP.
As a live online tool the Strategy Portal will also contain an up-to-date analysis of how the LEP is performing against both the Key Performance Indicators set out in the Strategy for Growth, and the more detailed milestones contained within our delivery plans.