turning the tide regional development in norway. the local cornerstone company closes down...

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TURNING THE TIDE Regional Development in Norway

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Up to six years: national funding Regional monitoring Industry development projects: SMB development, entrepreneurship, network, infrastructure Projects to improve collaboration between local authorities and industry Local Development Programmes

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Page 1: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

TURNING THE TIDERegional Development in Norway

Page 2: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

• The local cornerstone company closes down

• Unemployment rises

• People move

• Brain drain

Hard for remaining businesses to adapt and grow

Difficult to create start-ups/ attract entrepreneurs

Scenario

www.regionalomstilling.no

Page 3: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

• Up to six years: national funding

• Regional monitoring

• Industry development projects: SMB development, entrepreneurship, network, infrastructure

• Projects to improve collaboration between local authorities and industry

Local Development Programmes

www.regionalomstilling.no

Page 4: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

• Local level: MunicipalitiesLocal challengesLocal solutions and implementation

• Regional level: the county authority Processes programme applications from local authorities Grants funding

• National level: Ministry of Local Government and Regional Development Annual grants

The Players

www.regionalomstilling.no

Page 5: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

• National level, operates locally

• Strategy and business development tools

• Programme and project management support

• Courses, seminars

• Networking activities

Innovation Norway

www.regionalomstilling.no

Page 6: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

CASEMunicipality of VågsøyRegional Development Programme2005–2011

Page 7: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

• High unemployment rate

• Employment fell by 40 % 1995–2000

• Unbalanced industry structure: heavily based on fisheries

• Population decline (age group 20–39)

Vågsøy: Challenges

www.regionalomstilling.no

Page 8: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

Measurable goals in three areas

• New jobs Growth in existing local businesses Start-ups

• Population growth

• More people commuting

Vågsøy 2005–11: Goals

www.regionalomstilling.no

Page 9: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

• Employment goals accomplished

• Goal for population growth overachieved

• More people are commuting in the region

• Improved competitiveness

Vågsøy 2005–11: Key Results

www.regionalomstilling.no

Page 10: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

• Programme organisation: a limited companyLocal enterprises held a majority of the shares

• Management & board with business development skills

• Consensus on strategies and goals

• Communication/PR Management active in local media and the community Public information and updates on:

plans, priorities, results

Vågsøy 2005–11: Success Criteria

www.regionalomstilling.no

Page 11: TURNING THE TIDE Regional Development in Norway. The local cornerstone company closes down Unemployment rises People move Brain drain  Hard for remaining

Thank you!Johannes Skaar

Special Adviser, Innovation Norway

Questions?

www.regionalomstilling.no