GRAHAM HAYWOOD CUMBRIA LEP DIRECTOR STRATEGIC ECONOMIC PLAN
GRAHAM HAYWOOD CUMBRIA LEP DIRECTOR
STRATEGIC ECONOMIC PLAN PRIORITIES • • Nuclear and Energy Excellence Advanced Manufacturing Rural and Visitor Economy M 6 Strategic Connectivity
“NEW WORLD” • • BREXIT INDUSTRIAL STRATEGY LOSS OF EU FUNDINGTO CUMBRIA FUTURE CURRENCY LEVELS
OPPS • NUCLEAR & ENERGY -- Global Capability/ Key Energy Assets -- Foreign Investment/ Supply Chain • ADVANCE MANUFACTURING -- Currency Exchange/ Export Benefits -- UK Self - Dependency
• RURAL – Move to less imports more home grown high quality products. Look to more added value within Cumbria. • VISITOR - Currency Exchange/ Attract International Visitors / Global Products / World Heritage Sites.
THREATS • LABOUR SUPPLY / SKILLS • CURRENCY EXCHANGE INCREASES IMPORT COST • LOSS OF EU FUNDS – NOT REPLACED BY UK FUNDS OR DISTRIBUTED DIFFERENTLY TO CUMBRIAS DISADVANTAGE • LESS ATTRACTIVE TO NON-UK INVESTORS WANTING TO HAVE “FOOTHOLD” IN EU
SO? • Refresh Cumbria SEP – to reflect new and emerging Government policies and post BREXIT economic funds • Work with Sectors to maximise OPPS and minimise threats/risks • Continue to press on with improvements to Economic Infrastructure – Roads, Rail, Ports/Airports, Digital; Skills; Science and Innovation; Housing that directly support our strong Sectors • Collaborate with other areas – Borderlands, LEP’s across the Northern Powerhouse and across specialist sectors (Nuclear New Build – Advanced Manufacturing)
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