RECOMMEND

2nd Working Summit

26 – 28 November 2012

Neil Darwin,Chief Executive

Opportunity Peterborough

What does Opportunity Peterborough do?

• Inward Investment – ensure the City is visible

• Economic Development – support local business ambitions

• Create conditions to increase skills levels• Increase our knowledge of the local

economy

- the City’s economic development company

Peterborough

• Population : 185,000

• Well connected!!

• One of the UK’s fastest growing cities

• Appetite to grow even faster

• Environment Capital

The old region – 1997 - 2009

• Regional Development Agencies

• Much like the rest of Europe

The Local Enterprise Partnership

• Our new regional ties

• No money!

An overview of the area

• A population of 1.3 million

• Estimated to grow to 1.5 million by 2031

Currently home to:

• 700,000 jobs

• 60,000 enterprises

• Generating £30billion per annum

Priority areas

• Skills and Employment

• Strategic economic vision, infrastructure, housing and planning

• Economic development and high growth businesses

• Funding, bids and proposals in conjunction with the private/public/voluntary sectors and business; including EU funding, regional growth funding, and private sector

Our barriers

• Infrastructure deficit, especially transport

• Not enough homes• Not enough affordable homes• Skills ‘coldspots’• Loss of funding and capacity to

address these

Our economy

• 5,500 registered businesses• Strong diverse economy• NCL manufacturing history• Strong, modern Environment sector –

300 companies• Large financial services; large

food/drink industry

The future

• 25,000 new homes; 20,000 new jobs• Growth of our ‘Enviro Cluster’• City as ‘market leader’• Exemplar for growth – ‘saying’ and

‘doing’