Local Industrial Strategy
Developing a Local Industrial Strategy for Norfolk and Suffolk
New Anglia LEP is working with Government to develop a Local Industrial Strategy for Norfolk and Suffolk.
The Local Industrial Strategy is the next stage in the evolution and implementation of the Norfolk and Suffolk Economic Strategy. It will build on the Economic Strategy but be a deeper and more focused piece of work. It will look in more detail at our competitive strengths and the high growth sectors clean energy, agri-food and ICT/digital.
Collaborative ownership of the strategy is imperative. Therefore, stakeholder engagement and communications play vital roles in each stage. We recognise that there is a wide variety of stakeholders with a diverse range of aims and objectives. Consensus and prioritisation of aims and objectives will be essential.
Throughout the process there will be a range of opportunities for partners to input and influence the development of the strategy. Work is currently underway on stress testing existing evidence and mapping the evidence to identify gaps and appropriate methods to fill them.
Much of the evidence work required to develop the Local Industrial Strategy will be focused on qualitative evidence. One of the ways the LEP will gather this evidence will be through a range of events and engagement activities. These include:
• Leaders Events – three sessions (March/June/October) for Local Authority Leaders, Business and Education Leaders to oversee and guide the development of the Local Industrial Strategy. The first session was held on 5th March and the second session will be held on 19th June.
• Core Engagement Events – a series of events, aimed at business and academia which will focus on developing qualitative evidence and specific interventions within Norfolk and Suffolk’s areas of competitive strength (Clean Energy, Agri-Food and ICT) and the Government’s Grand Challenges. Details of Core Events are included at the end of this bulletin.
• Partner Summit – a session with Local Authorities, education institutes, business intermediaries and the voluntary and community sector on 11th June. This session will consider the evidence and interventions that have emerged from the core events and provide an opportunity for partners at an officer level to provide input ahead of the second Leaders conference the following week.
• Partner Events – The LEP has developed an engagement pack for partners to use at their own meetings/events if they wish to include a short session on the Local Industrial Strategy and the LEP can provide support to these sessions, resources permitting.
The Engagement Pack includes:
We are holding on a number of events throughout May and June to engage with businesses and academia to help shape the Local Industrial Strategy and deliver actions to make then grow.
To book, click on the event name.
9 May 2019- Artificial Intelligence / Data & ICT / Digital – Event full
10.00am – 12.30pm The Ideas Factory, Norwich
21 May 2019 – Ageing Society - Event full
10.00am – 12.30pm Wherstead Park, Ipswich
RSVP by 13 may
21 May 2019 – Future Mobility - Event full
2.00pm – 4.30pm Wherstead Park, Ipswich
RSVP by 13 May
22 May 2019 – Business Environment - Event full
2.00pm – 4.30pm Hethel Engineering Centre, Norwich
RSVP by 14 May
18 June 2019 - Clean Energy & Clean Growth
10am - 12.30pm, Orbis Energy, Lowestoft
RSVP by 11 June
What is a Local Industrial Strategy?
A Local Industrial Strategy should bring together a strong, well-informed evidence base about an area’s economy and outline a long-term set of priorities that capitalise on existing opportunities in the economy, address weaknesses and resolve an area’s needs.
Government’s Industrial Strategy White Paper was published in November 2017, setting out a long-term plan to boost the productivity and earning power of people throughout the UK.
The components of the Industrial Strategy include:
- Five foundations of productivity
- Four grand challenges + Industrial Strategy Challenge Fund
- Sector deals
- Local Industrial Strategies (LIS)
- Links with UK Shared Prosperity Fund (UKSPF).
One of the five foundations of productivity is places. The vision is to drive towards more prosperous communities and tackle the regional and local disparities that exist across the UK. Local Industrial Strategies are central to this focus.
Who will lead on the development of Local Industrial Strategies?
LEPs and Combined Authorities have been asked to co-develop Local Industrial Strategies with Central Government and will be responsible for delivering them alongside local partners, who will be integral to the process.
What is our approach and timeline to developing a Local Industrial Strategy?
We are in a strong starting position in developing a Local Industrial Strategy, having already developed and published the Norfolk and Suffolk Economic Strategy, which is supported by a robust evidence base.
The approach to developing our Local Industrial Strategy has been broken-down into six stages:
In October 2018 Government published the Local Industrial Strategy Policy Prospectus which sets its expectations on Local Industrial Strategies.
Is there funding attached to Local Industrial Strategies?
The Local Industrial Strategies will become a key element of the delivery of the Economic Strategy, therefore it will help guide the strategic use of local funding streams. They will also act as a gateway to any future local growth funding being deployed through strengthened Local Enterprise Partnerships.
Local Industrial Strategies should, however, remain strategic documents and not contain any proposals that require new funding or have spending implications outside of existing budgets available to local areas.
The UK Industrial Strategy states that Government will ensure that local areas continue to receive flexible funding for their local needs. Government seeks to launch the UK Shared Prosperity Fund in 2019. Consultation on the design and priorities for the fund starts in autumn 2018.
It is understood that LEPs will be responsible for delivering the fund. The fund will be linked to the delivery of the Economic Strategy and Local Industrial Strategy.
If you have any questions or would like to provide any views on the Local Industrial Strategy for Norfolk and Suffolk email LIS@newanglia.co.uk.
Regular updates will be published on this page so please check back.