Project Project Phase 2015/2016 LGF Base Budget 2016/2017 LGF Base Budget 2017/2018 LGF Base Budget Total Key Milestones Significant Broadband Business Case £2,400,000 £0 £0 £2,400,000 Let Phase 2 contract 31 2015 2 will not start on site until Phase 1 complete Delays in letting contract due to issues identified during procurement process - e.g. response to clarification queries etc. Commence programme roll-out June 2016 Programme complete December 2017 Flood Alleviation Business Case £1,200,000 £2,000,000 £800,000 £4,000,000 Scheme agreed with WCC (New Road) August 2015 Delayed start due to design issues Failure to obtain Environment Agency approval Ability to work on site if it floods during proposed construction window Business Case approved (New Road) September 2015 Start on site (New Road) October 2015 Scheme complete (New Road) February 2016 Hoobrook Link Road Business Case £3,600,000 £0 £0 £3,600,000 Approval/Release of DfT Pinchpoint funding January 2015 Ability to acceptable target price Capacity of WCC contractor to deliver alongside other priorities Release of funding from GBSLEP Contract award 31st 2015 Commence scheme 2015 Diversion of overhead Power lines by Western Power 2015 Complete scheme March 2016
Kidd. Railway Station Business Case £0 £2,500,000 £0 £2,500,000 Seek agreement from GBSLEP to run project through WLEP Assurance Framework 2015 Securing match funding from GBSLEP Estimated costs of service diversions escalate scheme costs, forcing redesign. Feasibility Work complete June 2015 Detailed Design October 2015 Procurement June 2016 Construction commence June 2016 Complete July 2017 £13,400,000 £23,000,000 £10,600,000 £47,000,000
2 – Growth Deal 2 Proposals Programme Indicative Budget Focus Commentary Outputs and Outcomes Business Growth Fund £2,000,000 Capital grants to SMEs, largely in our key sectors, to remove barriers to business growth to include refurbishment of premises, new premises, new equipment, etc. The programme will be informed by, and on the best practice of, the Worcestershire Expansion Fund the Redundant Building Grant. £10 million Private Sector Investment by 2020 200 New Jobs by 2020 Skills Capital Fund £2,200,000 The programme will be run along similar lines to the SFA Skills Capital programme and will include investment in colleges and training providers to enable the delivery of skills programmes addressing LEP’s strategic objectives. The META project Worcestershire College) already proposed and well received by Government will be funded under this programme. The LEP executive will work with FE college principals to develop a programme of investment. 600 new Apprenticeships relating to Key Sectors by 2020 3000 Higher Level skills qualifications relating to Key Sectors by 2020 Employment and Housing Infrastructure Fund £3,000,000 The programme will be used to unlock the development potential of sites across the County though the provision of infrastructure. This relates to sites beyond the 4 Game Changers. The Vale Park project already proposed and well received by Government will be funded under this programme. Other sites supported by the programme will be consistent with the aforementioned SEP Transport Infrastructure Programme and the SEP City and Town Centre Investment Programme. 24ha of serviced development land by 2020 £90 million of private sector investment by 2025 6000 jobs on serviced sites by 2025. £7,200,000 6.0 DASHBOARD OF PERFORMANCE METRICS
Objectives Strategic Priorities Measures To build an internationally recognised, highly competitive, innovative business location with better productivity and sustainable economic growth. 25k extra jobs by 2025 £2.9 bn increase in GVA by 2025 21.5k extra homes by 2025 People: Employment & skills 1.Improve skill levels with focus on STEM, Cyber and Agri-tech skills Increase average salary levels by 3% by 2018 No. of residents with NVQ4+ increased by 4.5% by 2018 2. Provide businesses with the skills they need through better connections with education 750 businesses offering work placements by 2016/17 To ensure that the number of individuals participating in an apprenticeship remains at, or as close to, 10,000 each year. 3.Increase the number of opportunities with focus on disadvantaged groups Increase the proportion of economically active individuals by 2% by 2018 Business growth 1.Help businesses to grow through providing the right support, access to finance and reducing regulatory burden Proportion of surviving start-ups that reach £1m (metric growth TBC) Proportion of “high growth” businesses (metric growth TBC) Levels of exports increased from 17%, to 25% by 2025 2.Develop an environment where innovation can flourish with a focus on agri-tech, cyber and STEM % employees in knowledge-driven industries (metric growth TBC) Planning, infrastructure & development 1. Increase the quantity and quality of commercial floorspace across the County £750m private sector investment secured in commercial development by 2017 550,000 sqft of new or improved commercial floorspace (over 2013) 2.Develop transport infrastructure to allow business to grow and accelerate housing development Reduce congestion and travel time on key routes over 2014 baseline. 3. Improve non-transport infrastructure to businesses to grow Increase take up and use of superfast broadband by 20% of SMEs by 2017/18 Increase the options for renewable heat and energy supply for x % businesses by 2020 (metric growth TBC) 4. Increase the housing to support business growth Profiling and promotion Promote Worcestershire to encourage inward investment, retain businesses & raise the profile as a business location & tourist destination To create 1500 FDI jobs by 2018 Increase the economic impact of tourism expenditure (figure TBC) Delivery Framework for Employment and Skills Overall objective: To build an internationally recognised, highly competitive, innovative business location with better productivity and sustainable economic growth
Objectives Goals Strategic priorities Measures Increase the quantity and quality of commercial floorspace across the County £750m private sector investment secured in commercial development by 2017 550,000 sqft of new or improved commercial floorspace (over 2013 baseline) Implement Game Changer site development programme Commence construction of the Worcester Technology Park by Summer 2015 Commence construction of 4 of the Malvern Hills Science Park by April 2015 Develop prioritised locations for future Growth Deal investments Potential sites identified by July 2015 Establish a consistent and focused planning and development management process across Worcestershire that supports development Option for Local Development Order analysed by August 2015 Review the Planning and development Charter and Action Plan by July 2015 Develop transport infrastructure to allow business to grow and accelerate housing development Reduce congestion and travel time on key routes over 2014 baseline. Key roads: -Southern Link Road -M5 - A38 - A46 Key rail: -Worcestershire Parkway -Kidderminster Station Commence construction of Hoobrook Link Road in June 2015 Commence construction of Phase 3 of Southern Link Road in September 2015 Commence construction of Pershore Lane improvement scheme by June 2015 Secure property agreements in advance of construction of Worcestershire Parkway by December 2015 Secure match funding for Kidderminster Station improvement scheme by June 2015 Improve non-transport infrastructure to allow businesses to grow Increase take up and use of broadband by SMEs Increase the options for renewable heat and energy supply Increasing broadband availability Publicising benefits of broadband to SMEs Make broadband available to 95% of businesses and homes by 2017 Energy Security Complete Heat Mapping for potential Heat Networks by end of October 2015