Lambeth Programmes Update Nathan Vasey Business Culture and

Lambeth Programmes Update Nathan Vasey Business, Culture and Investment Manager London Borough of Lambeth

South London Innovation Corridor

Lambeth is full of opportunity Lambeth is at the forefront of artistic excellence and business innovation in the creative and digital world. Working with employers to tackle inequality in the creative and digital industries is a key priority within ‘Creative Ways to Grow’ – Lambeth’s Creative & Digital Industries Strategy for Growth which was endorsed by Cabinet in late 2018. Slide

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But its creative economy lacks diversity • 42% of Lambeth residents BAME • 11% of creative jobs held by BAME employees • Women, people with disabilities, and those from lower income backgrounds underrepresented and less likely to be in senior roles • 92% of the creative workforce from more advantaged socio-economic groups, compared to 66% in the wider economy Slide

Meeting the challenges. • Employer practises and biases • Lack of social networks • Visibility and understanding of education and career pathways • Ebacc – take up of arts related subjects dropping Slide

What is the South London Innovation Corridor? Major new economic development partnership with potential for significance akin to a Local Economic Partnership (LEP) Driving inclusive creative and tech sector growth across inner South London, a geographical area of major significance Local authority led partnership involving public, private, education and not-for-profit sectors across Lambeth, Lewisham, Southwark and Wandsworth Allocation of £ 8 m SIP funding with a further £ 17 m of match funding Potential for collaboration on future funding opportunities including additional SIP finance Slide

Headline outputs and outcomes 120, 000 sq. ft. new or improved workspace Significant growth in rateable value 1, 200 new jobs in the South London Innovation Corridor 530 businesses supported 525 talent development opportunities including pre- apprenticeship, work experience opportunities and in-work progression 50% BAME beneficiaries Slide

Business Support Programmes One Tech For underrepresented tech founders (e. g. BAME, female and people with a disability) Local delivery partners in local venues with Capital Enterprise as coordinator and match funder Grassroots CDI Supporting 80 people from disadvantaged backgrounds to explore and develop business ideas Slide

Talent Development 525 talent development opportunities focussed on enabling disadvantaged groups to access employment and support career progression One or multiple local delivery partners in local venues. Activities: • Inspiring young people • Pre-apprenticeship training • Paid work experience • Apprenticeships • Job brokerage Slide

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