placeexpo: place tech: james kingdom and iain jenkinson, gva

gva.co.ukShort presentation title here / November 2010

PlaceEXPO: Place Tech UK July 2014

A Bilfinger Real Estate company

Driving future growth: core cities and the knowledge economy

James Kingdom, Principal ResearcherIain Jenkinson, Senior Director

International Festival for Business July 2014



Overview

• Driving Future Growth: Core Cities and the Knowledge Economy• Overview of GVA Thought

Leadership Report

• Planning for the Knowledge Economy• Developing the Toolkit – A

Liverpool Case Study



What are the core cities



Lag behind compared to other nationsExcept Bristol, English cities underperform compared to national average



The need for an economic rebalancinghistorical reliance on financial and public sectors in the core cities



Supporting innovationSmall and medium size enterprises catalyst for growth



The knowledge economyWhat is it…

“The trend in advanced economies towards greater dependence on knowledge, information and high skill levels.”

OECD



The knowledge economy… and why is it important



The knowledge economyWhat is it…

“Universities generating cutting edge research and resulting insights can be likened to the tip of an arrow, with the arrowhead behind it representing the economic activity enabled by research led innovation.”

Witty Report, July 2013



Building on the existing knowledge baseEach city has it’s own offering



Property and the knowledge economySignificant growth in science parks



Property requirements No one size fits all – different sectors have different needs



Catalyst for growth v Risk

• Each city has plans to increase provision.

• SMEs and start-ups need hubs.

• Revitalise fringe markets.

• Need head tenant• Public or private?

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&docid=ipD235vZttZQQM&tbnid=BKnPDv5NLxob8M:&ved=0CAUQjRw&url=http://www.constructionenquirer.com/2013/05/02/carillion-wins-335m-royal-liverpool-hospital/&ei=JJTDU4D-JMqX0AXp2ICwCg&bvm=bv.70810081,d.ZGU&psig=AFQjCNE8ynlLetdeR0Y9YLPAjvbpPK5r1w&ust=1405412756227174



• Knowledge economy vital for growth in core cities but potential still to be reached;

• Each city has own strengths and leading university to support innovation;

• Need to support SMEs and start-ups as well as attract global corporates;

• Providing right real estate opportunities vital to creating environment for growth;

• approaches needed to investment, utilise public assets.

Conclusions



Planning for the Knowledge Economy: Developing the Toolkit – A Liverpool Case Study




http://www.gva.co.uk/supporting-our-cities-and-regions/



Leveraging Knowledge Assets



Where is the data?



Our Knowledge Economy Platform

GVA and Impact Science are investing in a core cities knowledge economy

platform



Making Sense from Large Data Sets



Generating Results

Adding Detail

Reveals Strengths:

This example indicates that:

• Clinical Genetics

• Materials Chemistry

• Nuclear & High

Energy Physics

• Hepatology

• Geophysics

• Physics and Astronomy

Are all good areas to

develop bespoke investment

strategies.

Some of this research will become very high value business activity.



Recognise distinctiveness: Each city is different

Sell our strengths: Select areas of high impact

Back winners: Global impact of knowledge impact

Think global; act local: Target investment partners

Plan for your knowledge economy: People, Finance, Facilities, Technology, ‘Place’

Have vision: Make our cities the best places to grow businesses

What does all this mean for our cities



What does this mean for investmentreal estate and regeneration

Relationships: know your businesses (particularly those with the smart ideas)

Needs based: not build it and they will come

Real estate: right type in the right location

Whole economic development approach: VCs and strategic asset management

Regeneration: connect capital with ideas and take risks



http://www.gva.co.uk/supporting-our-cities-and-regions/



Thank you




A Bilfinger Real Estate company


James Kingdom, Principal ResearcherIain Jenkinson, Senior Director


placeexpo: place tech: james kingdom and iain jenkinson, gva

Real Estate

ukshort presentation

place tech uk

knowledge economy vital

knowledge economy platform

future growth

leveraging knowledge

existing knowledge base

growth approaches