REGIONAL INVESTMENT SITES

ENTREPRENEURIAL CULTURE/ BUSINESS START-UPS

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  National target to build an enterprise society in which small firms of all kinds thrive and achieve their potential, with an improvement in the overall productivity of small firms (DTI PSA 6)(Securing the Future p.170)
  
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  Build a more entrepreneurial culture. In prosperous regions, small and medium sized enterprises are important sources of job creation. In the North, rates of new business start-ups are well below the UK average (Moving Forward: Northern Way p.18 and 26)(Northern Way Business Plan p.26)
  
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  Increase the number of innovative entrepreneurs living and working in the city region (GM Strategy p27)
  
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  Support businesses and highly talented individuals in the commercial exploitation of intellectual property and applications through high profile financial incentives and by providing opportunities for international recognition (GM Strategy p38)
  
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  National target to increase the business birth rate from 30 per 10,000 (in 2002) to 33 per 10,000 by end of 2008 (Moving Forward: Northern Way p.18)
  
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  Regional target to raise the firm foundation rate (measured by VAT registrations) to 21,000 per annum over the period 2006-2009 and to have the same rate and business stock as the England average by 2026 (NW RES p.8)
  
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  Maximise new business start-ups and increase survival rates (Community Plan 2006-2016 p.43)
  
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  Expand opportunities for self-employment and to encourage enterprise (SEDP p.54)
  
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  Total number of VAT registered businesses per 10,000 population – to make progress to the national average by 2015 (Community Plan 2006-2016 p.43)
  
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  Business survival rates beyond 36 months from 47.1% to 49.6% by 2009 and to make progress to national average by 2015 (Community Plan 2006-2016 p.43).
  
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  Ensure business start up and support services are promoted and taken up throughout the area (Claremont and Weaste Neighbourhood Plan – Statement 6)
  

INVESTMENT IN DEPRIVED AREAS

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  Issues of deprivation, worklessness and social exclusion are concentrated in disadvantaged areas in and around the core of Liverpool and Manchester, in the inner parts of other industrialised towns and in some of our coastal towns. They are frequently associated with health inequalities, crime and fear of crime. Our challenge is to tackle these issues and boost quality of life for the North West people as a whole including hard to reach groups – to create sustainable, cohesive communities (RSS paragraphs 2.12 and 2.15)
  
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  Policies should seek to tackle skills deficiencies and concentrations of unemployment (RSS Policy W1)
  
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  Regional target to reduce the number of areas in the worst 5% deprived, nationally over the period 2006-2009 and to have less that 20% of people with a household income of less than 60% of the GB median by 2020 (NW RES p.8)
  
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  Secure the regeneration of the city through targeted area based initiatives (Community Plan 2006-2016 p.42)
  

PRODUCTIVITY

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  Gross Value Added (GVA) is 12% lower than the England average, resulting in an output gap of £13 billion. £3 billion of this is due to fewer people of working age, and fewer people working than the England average, £10 billion is due to lower productivity. There are significant variations in GVA, skills, enterprise and worklessness across the region. The economic focus must now be on creating a more competitive region and developing the economic sectors with the highest growth potential (RSS paragraphs 2.7 and 2.8)
  
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  Aim to create GVA levels for Greater Manchester which match those of London and the south east by 2025 (MCR Development Programme pp 15)
  
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  Aim to bridge the £29 billion output gap between the north and rest of the UK (Northern Way Growth Strategy)
  
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  Provide a single point of access to business support services in the Manchester city region aimed at improving productivity aimed at large firms as well as SMEs (GM Strategy p42)
  
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  National target to demonstrate further progress by 2008 on the Government’s long-term objective of raising the rate of UK productivity growth over the economic cycle, improving competitiveness and narrowing the gap with our major industrial competitors (DTI PSA 1/ HMT PSA 4)(Securing the Future p170)
  
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  National target to reduce the productivity between the least well performing quartile or rural areas and the English median by 2008, demonstrating progress by 2006, and improve the accessibility of services for people in rural areas (Defra PSA 4)(Securing the Future p.170)
  
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  National Target to improve the productivity of the tourism, creative and leisure industries by 2008 (DCMS PSA 4)(Securing the Future p.170)
  
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  Regional target to achieve GVA growth above the England Average by 2006-2009 and close the GVA/head with the England average by 2026 (NW RES p.8)
  
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  Improve the performance, competitiveness and growth of established businesses (Community Plan 2006-2016 p.43)
  

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