DRAFT. Investment Framework Luton. Fiona McGlone

Transcription

1 DRAFT Investment Framework Luton Fiona McGlone

2 Prospectus Investment Framework Increase Luton s ambition/vision Growing numbers of successful businesses Job opportunities for Luton residents Focus public sector on keeping the most vulnerable safe Achieve wellbeing outcomes Enable / attract businesses to invest Develop strategic/brownfield sites Increase Jobs for Luton people Develop skills to match jobs pipeline Utilise/maximise Luton assets Increase revenue through business rates Increase revenue from airport Invest in early prevention agenda Support independent living/better parenting Improve life opportunities / housing choices

3 Business and Growth Short term M1 Junction 10a, Infrastructure Busway and inner-ring road Connectivity - rail and technology High-technology engineering Aviation related engineering Sub-region business and office market Vauxhall, Selex Galileo, Enval, 2K easyjet Increase occupancy at Butterfield Green Napier Park light industry Airport related business park - density Prestige office development Light industry - airport Leisure/ hotel / retail

4 Business and Growth Medium Infrastructure Increased airport connectivity - new routes Road to East High-technology engineering Aviation related engineering Sub-region business and office market Connectivity to airport - transit Stirling Place development Napier Park office development Century park early phasing Power Court early phasing Junction 10a gateway site High Town small business growth

5 Business and Growth Longer term beyond 2025 Infrastructure o Power Court completion o Century Park phasing High-technology engineering Aviation related engineering Sub-region business and office market o County Wildlife site? o East West connectivity? o Regional rail link? o Airport future? o Area south of George Street? o LTFC?

6 Education and Lifelong learning Short term Improving schools results 2014 Providing opportunities for learning at all ages Improving skills for unemployed adults Goods schools in Luton New primary school - Riverside 3m European Social Funding - Skills & SME 300m+ in education facilities Post 16 Transition Board - skills agenda Working wage - Local people 4 local jobs Development of Luton Skills Academy Skills pipeline 9500 jobs by 2020? New Secondary School 2018 Educated and skilled labour force Expanding University Mixed Trade apprentices

7 Education and Lifelong learning Actions Med/ Long Providing opportunities for learning at all ages Improving skills for unemployed adults Goods schools in Luton Educated and skilled labour force o Increased aspirations o Luton as a destination for success o Investment in Luton s key worker roles for public service o Local people 4 local jobs embedded o New technology based education o School/academy based specialism linked to regional economic drivers o Skills pipeline a further 9500 jobs by 2025

8 Safe Supported and Healthy Short term Luton Access - Troubled Families A healthy start in life Reducing Health inequalities Marsh Farm Housing Master-plan Flying Start Investment in what works Dementia Friendly Town Reprovision day and respite services Bramingham Day Centre Reablement Better Together Importance of Housing 625 New Homes Napier Park 1200 New homes in 50 small schemes Caring for vulnerable adults Flying Start workforce - Five to Thrive 300 Accredited community learners/ volunteers supporting Luton s parents of young families and outdoor activities

9 Safe Supported and Healthy Med/longer term A healthy start in life Reducing Health inequalities Importance of Housing Caring for vulnerable adults Community services reconfigured Increased opportunities- active participation Development of extra Care Housing 5000 families Community based parenting 975 New Homes Power Court/ Station Quarter New homes in 31 small schemes Increased Leisure opportunities Increased green travel

10 Accelerate Impact on Council Finances Growth Increase revenue through business rates Accelerate / optioneer Accelerate Butterfield Park occupancy Resource Business team for Luton promotion Accelerate link to East LTFC relocation blocks J10a planning & traffic analysis sought for options Mixed Trade apprentices in BTS? Increase revenue through airport Accelerate / optioneer Power Court - partnership Develop mass passenger transit system for LTN linking rail to plane ( ) Extend passenger growth scheme LLAL Accelerate LTN construction phases

11 Accelerate Impact on Council Finances Growth Increase revenue through business rates Investment Business Plan Reduces gap by 5m pa from 2020 Reduces gap by 12.5 from 2025 Accelerate / optioneer Increase revenue through airport Accelerate / optioneer Acceleration plan Reduces gap by 10.5m pa from 2020 Reduces gap by 13.5m from 2025 Produces 50m - 60m additional revenue between 2020 and 2025 Accelerates opportunities

12 Risks Areas of impact Uncertainty stifles development Location of LTFC impact Employment - quality Insufficient revenue Policies/ actions/ barriers * Draft Luton Local Plan *Delivery plans to be agreed with Partners *Leader s Brief overseeing LTFC Option *Social impact trust - improvement in Health inequalities *Aspirations housing, jobs, place to be *Airport future options - contingency *Proactive partnering to lever investment * Inactivity causes delay

13 Next steps/ actions Draft 15/01/15 Communication Communication Impact *Draft Document - 12 month activity plan *Resources plan *Impact map short, medium, longer term *Visual story board *Communication process key businesses/ sectors/ public *Relationship management with developers *Quick wins - build momentum *Build a brand Luton is going places