Cornwall & the Isles of Scilly Towards a RIS3 Strategy Ponta Delgada, 4/5 June 2012 Jonathan Adey and Anne Carlisle
The Presenting Organisations
Cornwall and Isles of Scilly at a Glance 535,300 - Total estimated population in Cornwall 697 - Total km of coastline in Cornwall 3,563 - Total square km of land in Cornwall 6.4 billion - Total value of Cornwall and the Isles of Scilly's economy in 2009
The Economy of Cornwall & the Isles of Scilly
Area Swindon Torbay Plymouth Cornwall Bournemouth Poole South Somerset North Dorset Devon Wiltshire Bath and North Gloucestershire Bristol, City of South West England Great Britain Fig 13.7: % of working age with NVQ4+ 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 %
Challenges and Opportunities Our geography has, in the past been a major advantage When the industries went so did the jobs
Challenges and Opportunities Innovation has been the driver for change to address these challenges Peripheral regions have a culture of innovation We need to provide the tools
Vision A confident, resilient Cornwall that is a leader in innovative business and low carbon technologies. A bold, transformational framework that challenges current perceptions of economic success, whilst also building upon Cornwall s strengths. and The natural place to grow great business
National & Local Governance
Engagement in the Development of a Strategy A joint approach in the next round of structural funding and RIS3 Triple helix approach
Working with Partners Start of the process evidence gathering Convergence LMC sub group Thematic priorities Cornwall Council Scrutiny Committee Specific events Business workshop Stakeholder consultations LEP roadshows Public consultation
Cornwall as a place for innovation making the most of our location Cornwall as a test-bed and living laboratory Close links with businesses Encouraging new innovation and R&D into Cornwall As well as developing it ourselves
Entrepreneurial Process of Discovery Small businesses and few larger firms Strong partnership essential between public, private and third Sector (including universities) Started by building stronger and better links between education and businesses Businesses are at the heart of our plans and have contributed throughout But there are barriers to involving businesses
Convergence Significant investment in R&D and enterprise Business support that is right for businesses Flagship projects to increase investment and innovation
Environment & Sustainability Institute University of Exeter Knowledge transfer and the commercialisation of intellectual property A high quality facility, to develop a world leading research centre focusing on areas of economic opportunity World class centre of research excellence in the environment and sustainability fields
Academy of Innovation & Research University College Falmouth Attracting world-class researchers Working closely with businesses A trans-disciplinary R&D lab and a creative facilitation space designed to raise levels of business innovation, competitiveness and productivity in Cornwall
Innovation Centres Pool Innovation Centre Tremough Innovation Centre Health & Wellbeing Innovation Centre Providing high quality, flexible managed workspace Closer links between businesses and universities
Superfast Broadband 132m ERDF programme Funded by the EU, BT and Cornwall Council Bringing superfast broadband to Cornwall and the Isles of Scilly Opening up opportunities for businesses throughout Cornwall
Lessons Learnt ERDF Mainstream Funding / Plans ESF EARDF
Also: Improved links with training and businesses as well as education A continued focus on addressing low productivity, across all sectors is needed Particularly focussing on supporting high value businesses Business support needs to be: Simple and effective One route-way in Responsive and led by the business
Local Enterprise Partnership Strategy Inspiring businesses to reach their national and global potential Creating great careers in Cornwall Creating value out of knowledge Using the natural environment responsibly as a key economic asset
Priorities for Post 2013 SME Innovation & Competitiveness Green Economy - Renewable Energy and Energy Efficiency Transformational Infrastructure Smart, sustainable and inclusive growth But what will set Cornwall apart and transform the economy?
Potential Specialist Areas Smart grid development Developing cutting-edge renewable energy technologies: marine energy, floating wind and bio fuels Future knowledge sectors: creative, biomedical, health & well being and digital Accelerating the journey between concept and commercialisation for business Or
A focus on a Thematic Area Smart Energy Systems: Installation of a Smart Grid which can efficiently deliver sustainable, economic and secure electricity supplies. Digital Economy Flexible and e-working: Allows organisations to get the best from their staff and maximise the opportunities for growth, including remote offices and home working connected through Superfast Broadband. Education and Training: A more connected skills base and improved education facilities, allowing us to teach and train for the future in terms of both skills and aspiration. Business Support: Supporting businesses to trade internationally through improved broadband connectivity and virtual links. Tele-health: Strengthen the economy and address Cornwall s ageing population through growth areas and digital innovations in healthcare. This includes taking care of more people in their homes and increased R&D.
Developing a Strategy Community & Business Engagement
Developing a Strategy Start with what we already know Data Best practice learning from others Consultation and engagement Lessons learnt
Developing a Strategy When we know our priorities Align local RIS3 priorities with national agenda
Funding RIS3 Aligned commissioning and governance of public sector funding
Provide the Financial Tools for Growth Innovative use of public and private funding. Creating a greater legacy by embracing alternative financial mechanisms and moving away from a grant culture.
Measuring Success Looking at new ways to measure innovation. Looking at the long-term we may not see results immediately. Collective responsibility for measuring successes. Strong history of monitoring and evaluating the success of our programmes. Next EU programme focus on measuring success.