London borough of newham creating jobs and enterprise
Download
1 / 16

London Borough of Newham Creating Jobs and Enterprise - PowerPoint PPT Presentation


  • 251 Views
  • Uploaded on

London Borough of Newham Creating Jobs and Enterprise. Jane Sherwood, Head of Economic Regeneration, London Borough of Newham London Employment and Skills Convention – 23 May 2011. Newham’s Vision. A Place to Live, Work and Stay A New Part of London A Strong and Innovative Economy

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' London Borough of Newham Creating Jobs and Enterprise' - mariko-ryan


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
London borough of newham creating jobs and enterprise

London Borough of NewhamCreating Jobs and Enterprise

Jane Sherwood, Head of Economic Regeneration, London Borough of Newham

London Employment and Skills Convention – 23 May 2011


Newham s vision
Newham’s Vision

  • A Place to Live, Work and Stay

  • A New Part of London

  • A Strong and Innovative Economy

  • Building Personal and Economic Capacity



Newham s unique strengths
Newham’s Unique Strengths

Scale

Connectivity

Energy

History


The challenges
The Challenges

  • Newham’s business base is too small

  • Local economy is not aligned with key growth sectors

  • Existing town centres are operating below their full potential


Residents trapped in low skill economy
Residents trapped in low skill economy

No qualifications

London 12%

Newham 20%

Worklessness

London 30%

Newham 44%

NVQ 3/A’s

London 55%

Newham 40%

NVQ Level 4/degree

London 40%

Newham 26%

Weekly Earnings

London £629

Newham £453


The economic development strategy
The Economic Development Strategy

Three Key Goals

  • Investment in the New Economy

  • A Stronger Business Base

  • More People into Work

    Enterprise Zone supports achievement of all three goals


Strategic priorities
Strategic Priorities

  • Creating the conditions for investment

  • Developing the Newham offer for inward investors

  • Achieving local benefit


Strategic priorities1
Strategic Priorities

  • Maximising the impact of employability services

  • Extending the reach of employability support and targeting the economically inactive

  • Supporting parents into work to tackle child poverty

  • Preparing young people better for the future

  • Upskilling adults to enter and progress in work


Current investment plan and programmes
Current Investment Plan and Programmes

  • The Olympics and

    Paralympic Games

  • Metropolitan Stratford

  • Canning Town and

    Custom House

  • The Royal Docks –

    Enterprise Zone


Building the new newham economy

Business and Financial Services

The Knowledge Economy

Retail

Visitor Economy & Creative Industries

High-tech, Pharma, Green, Manufacturing

Construction

Education

Building the new Newham Economy


Enterprise zone incentives
Enterprise zoneincentives

  • 100% business rate discount worth up to £275,000 over a five year period for businesses

  • A simplified planning processes

  • Potential to negotiate additional tax breaks


Challenges to overcome
Challenges to overcome

  • We need to ensure revenues collected in the zone are reinvested back in Newham via negotiation with the Mayor of London and the Greater London Authority

  • Ensure any additional institutional architecture does not increase bureaucracy

  • Ensure that jobs created are accessible to local residents


One solution workplace model
One solution - Workplace model

  • Multi Agency Seamless Service (one stop shop)

  • Partnership Model

  • Employer Led, Rapid Response

  • High Volume, Target Driven Environment

  • High Quality, “high street”


Offer to employers
Offer to employers

  • Free recruitment service

  • Bespoke employer led

  • Vibrant, aspiring and diverse applicants

  • Matching and screening to employer specifications

  • Support with interview arrangements & venues

  • Ongoing support post recruitment


Questions
Questions?

Contact details

Jane Sherwood,

Head of Economic Regeneration,

Regeneration, Planning and Property

London Borough of Newham

Newham Dockside, 1000 Dockside Road, London  E16 2QU

[email protected]


ad