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The vision for the region …. By 2030, South West Wales will be a confident, ambitious and connected European City Region, recognised internationally for its emerging knowledge and innovation economy. (Swansea Bay City Region Economic Regeneration Strategy 2013 – 2030).

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The vision for the region …

By 2030, South West Wales will be a confident, ambitious and connected European City Region, recognised internationally for its emerging knowledge and innovation economy.

(Swansea Bay City Region Economic Regeneration Strategy 2013 – 2030)

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… and our key high level target

By 2030 productivity levels in the Swansea Bay City Region are once again at 90% of the UK level

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The challenges

  • GVA growth –70% of UK average in 2010
  • Too few businesses and not growing base quick enough
  • Major skills deficits
  • High levels of unemployment and inactivity levels
  • Infrastructure not meeting needs of modern business
  • High levels of deprivation and poverty in our communities
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The opportunities

Globally significant businesses and strengths in key sectors

Important knowledge and innovation economy assets

A stunning natural environment

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Swansea Bay City Region

Economic Regeneration Strategy 2013-2030

Strategic Aims

  • Business growth, retention and specialisation
  • Skilled and ambitious for long term success
  • Maximising job creation for all
  • Knowledge economy and innovation
  • Distinctive places and competitive infrastructure
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Strategic Aim 1 – Business growth, retention and specialisation

  • LIF2
  • Inward investment
  • Pareto employers
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Strategic Aim 2 – Skilled and ambitious for long term success

  • Building skills in education
  • Transition into work
  • Raising demand and improving skills
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Strategic Aim 3 – Maximising job creation for all

  • Improving entrepreneurial activity
  • Access to work
  • Coordinated inter-agency working
  • Volunteering for work experience
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Strategic Aim 4 – Knowledge economy and innovation

  • Innovation Factory
  • ICT Precinct
  • Swansea Bay City Region Economic Development Centre
  • Institute of Life Science 2020
  • Institute of Media Science
  • Innovation Skills Centre for Welsh Manufacturing, Processing and Materials
  • University of Wales Trinity St. David (UW-TSD) Regional Dual Sector Infrastructure
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Strategic Aim 5 – Distinctive places and competitive infrastructure

  • Strategic employment sites:
  • Felindre Business Park
  • Port Talbot Harbourside and Waterfront
  • Cross Hands Growth Zone
  • Fabian Way Development Zone
  • Pembroke Haven Enterprise Zone
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Strategic Aim 5 – Distinctive places and competitive infrastructure

  • Swansea City Centre/town centre regeneration
  • Improvements to strategic transport corridors
  • High speed broadband
  • Regional Infrastructure Investment Fund
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Cross cutting activity - Tourism

  • Product development
  • Skills/people development
  • Promotion/marketing
  • Sector research
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Next steps

  • Mid/end January – prioritise projects for funding
  • February – meet with WEFO and other funding bodies
  • March/April – develop full business plans for funding