hs2 in the east midlands · east midlands • productivity & direct employment - journey time...
TRANSCRIPT
HS2 in the East Midlands
An Assessment of the Economic Development Opportunities
Presentation
• Where we are up to
• Context on HS2 benefits
• Summary findings on baseline
• Emerging Issues
• Next steps
Recap on study objectives
• Provide an evidence-based understanding of the potential for economic development from HS2 investment in Toton
• Consider the connections to surrounding sites and centres
• Understand the change that HS2 can bring about
• Identify the actions necessary to enable this economic growth
• Prioritise actions to bring these opportunities to reality
1. Economic Baseline & Policy 2. Spatial Baseline & Assets Review 3. Connectivity Baseline & Policy
5. Production of Draft Scenarios
4. Position Statement
Partner Workshop
Stage 1:Baseline & Scenarios
Work Programme
Stage 2: Preferred scenario & analysis of
costs, benefits and risks.
Stage 3: Identify the key prioritised
interventions to drive growth.
6. East Midlands HS2 Futures Workshop
7. Assessment of Costs, Benefits & Risks
9. Prioritised Interventions Report
Work Programme
Potential Economic Benefits of HS2 to East Midlands
• Productivity & Direct employment - journey time savings and new connections -doing business more efficiently, quicker with more people in more markets
• Growth in sectors that will benefit from proximity to HS2 –Business & Professional Services, Financial & Legal, Digital and Creative, Property, Accommodation
• Catalytic job growth at hub but also in connected Enterprise Zones, business parks, University innovation districts
• Freeing up capacity on freight lines and roads helps, distribution, manufacturing, energy
• Freeing up capacity on commuter lines enables options for improving access to employment centres in non HS2 areas
• Procurement and supply chain benefits - significant in this region - engineering and rail engineering etc
• Medium to long term skills uplift creating more flexible and valuable workforce
Maximising Economic Benefit
Four recurrent themes:
1. Capturing impact around the hub
2. Increasing connectivity to HS2 – integrated City Region Transport System
3. Aligning policy and investment with HS2 –especially tech, R&D and Innovation
4. Creating the conditions for wider growth
Evidence Base Summary Findings
What economic, spatial and connectivity assets can be built on through HS2?
Overview of the Study Area
• 3.15m population
• Nearly 1.45m in employment
• 109,000 businesses
• £65bn GVA
• 76,000 unemployed, plus 473,000 economically inactive
Relative Economic Performance and Trends
• GVA per head in mid-range of core city LEPs
• Growth slower than England average over past 20 years, but faster than other core city LEP areas since 2009
• Manufacturing remains important to local economy
• Private sector services driving recent growth
0
5000
10000
15000
20000
25000
30000
GVA per head, 2014
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
GVA Growth 2009-2014
Employment Location - Overview
• Employment is dispersed with a few areas of concentration:Around city centres - professional
services, creative and knowledge, education and public sector
Manufacturing, engineering – central and western parts of D2N2
R&D, Science and Technology –Nottingham + smaller concentrations, inc. MIRA Enterprise Zone
Logistics - around the airport and motorway corridors
• Other employment distributed
Employment in HS2 Sensitive Sectors• Sectors expected to benefit most from
HS2 include:Producer services – finance, insurance, IT,
other business services, legal and accountancy, business and management consultancy, media services, real estate
• Employment-concentrated in major centres and the central parts of the study area, along the motorway corridors
• Strong growth expected in many of these sectors to 2030
• Currently employs 368,000-with 12% growth projected to 2030 (20% in BPS)
Potential Growth Sectors – Life SciencesEmployment 7,000-10,000 (depending on
definition)
Growth forecasts Varies by sub-sector
Key locations Concentrations across study area reflect location of key businesses and research bases
Key concentrations in Nottingham -Boots Enterprise Zone, Bio-City, Science Park
Potential benefits from HS2
Proximity to clusters at Birmingham / Leeds / Euston
Scale of benefits Medium
Sector Opportunities SummarySector Potential Benefits from HS2 Scale of Impact
Financial and Professional Services
Proximity to London and other FPS clustersGreater access to skilled labour
High – potentially large number of jobs and above average GVA
Creative and Digital Interaction with clusters in Leeds, Birmingham and London High / Medium
Science / R&D inc. Life Sciences
Proximity to other clusters – Birmingham, EustonAttract high quality labour
Small in scale, but strategically important / high GVA
Logistics and Distribution
Opportunities around airport and road investment, strong in the overall EM economy – not rail freight
Medium
Transport Equipment Manufacturing
Growth - supply chain opportunities and on-going maintenance Medium / High
Construction Supply chain opportunities Medium
Visitor Economy Accommodation specifically high, specific attractions-depending on location to be tested
May not generate high value employment / GVA
Advanced Manuf. Indirect growth through regeneration – freed capacity Low
Food and Drink Manufacturing
Limited Low
Businesses affected by route of HS2 line
Opportunity to re-locate to new facilities Small but important at local level
Spatial Assets & Current Development Proposals
Leicester & Leicestershire• Existing employment locations
• Leicester CC, M1 J21 business parks
• Development priorities• East Midlands Enterprise Gateway (Airport & Strategic Rail
Freight Interchange); Leicester Urban Area; Coalville Growth Corridor; Loughborough; SW Leics
• Enterprise Zone sites• Horiba/MIRA Technology Park: transport engineering
• Loughborough & Leicester: science & hi-tech manufacturing
• Housing Growth Areas• Extensions to existing Principal Urban Area; need for additional
housing capacity?
Derby & Derbyshire• Existing employment locations
• Derby CC, Chesterfield
• Development priorities• Infinity Park; Pride Park; Markham Vale (J29/M1;
Derwent Valley Corridor
• A52 Corridor and former Courtaulds Site
• Staveley Maintenance Depot
• Enterprise Zone sites• Infinity Park, Derby
• Markham Vale
• Housing Growth Areas• Derby & sustainable extensions into South
Derbyshire/Amber Valley
Nottingham & Nottinghamshire• Existing employment locations
• Nottingham CC, Hucknall, Bassetlaw business parks, A617 corridor
• Development priorities• City Centre extensions, including Waterside & EZ sites
• Key sites at Gedling & Hucknall; A617 & A57 sites
• Enterprise Zone sites• Boots Campus; Beeston Business Park; Nottingham
Science Park; MediPark
• Housing Growth Areas• Newark & Sherwood; Rolls Royce Hucknall; Boots
Campus; Gedling & Broxtowe sites
Broxtowe, Erewash & Station Area
• Existing employment locations• Beeston Business Park
• Development priorities• Toton HS2 station site; Stanton Regeneration site (inc. rail
park); Mark St, Sandiacre; Long Eaton industrial areas
• Enterprise Zone sites• Beeston Business Park
• Housing Growth Areas• Station area
Connectivity
HS2 Connectivity Layers• HS2 Station at Toton:
A multi-modal transport hub with high speed and classic rail links, adjacent to M1
• Linking Toton with Economic Centres / Assets – Derby, Nottingham, Leicester and East Midlands Airport:
High quality, fast, frequent connections via public transport and key road network
• Supporting Logistics / Advanced Manufacturing Sectors:
Reliable, efficient highway network along M1, A50, A38 and A46 corridors
• Providing Benefits for other Key Sectors and Locations:
Capitalise on opportunities that will become available on existing networks
HS2 Toton – Emerging Service Patterns
Outstanding connectivity for Toton
HS2 Connectivity – requires a strategic approach• National Rail:
HS2 itself, Midland Mainline, East Coast Main Line
• National Road:
M1 (particularly Junction 25) , A38, A46, A50, A52
• Regional Transport:
Derby-Nottingham-Leicester Rail, EMA Connections, Derby/Nottingham Ring Roads
• City Regional Transport:
NET Extensions and Park and Ride, Bus Rapid Transit, Heavy Rail Links
(eg Mansfield, Newark)
Emerging Issues
Economic Benefits of HS2…beyond the Hub
• HS2 not the only driver – necessary but not sufficient for growth
• Not just development of the Hub station site
• Strengthen connectivity between East Midland’s core economic assets Toton with Derby / Nottingham / EMA / Leicester
• Enhanced connectivity (across the region, and for all parts of the region to London and other major conurbations – not only via HS2 but through freed up capacity on existing infrastructure)
• Not currently set up to deliver strategic infrastructure
• Strategic Delivery Vehicle, and a strategic masterplan/development framework beyond the hub..
East Midlands Core Area Masterplan/Development Framework • HS2 can facilitate greater integration between EM’s key economic drivers –
the three cities, EMA
• Potential to facilitate the development of major sites –EMA and East Midlands Gateway; Ratcliffe-on-Soar power station; Trent Valley Corridor inc. Infinity Park; Stanton;Staveley; etcA 52 Corridor
• Masterplan / development framework for the wider area would provide a strategic approach to maximising benefits, and ensure local areas were able to secure benefits from HS2
Station Hub Site
• Doesn’t have the scale of a Solihull or Basford but…
• Still ambitions and distinctive at a super connected locationKnowledge Business District
High end office park for HQs / Civil Service re-locating from London?
International University inward investment & business co-location
Innovation Campus – incubator facilities and start-up space
Housing – retain highly skilled mobile workforce- attractive connectivivty
Visitor attraction? Further testing ?
Next Steps
• Complete baseline and produce the Positioning Report by end July
• Next task is to start looking in detail at the growth scenarios
• In parallel – look in more detail at Innovation/Higher Education/Tourism opportunity
• Futures Workshop 17th August