Resilient Scotland: Social Investment event
Edinburgh Economic Strategy
Ken Shaw
Head of Employability & Skills
Economic Development Service
5th September 2013
EDINBURGH’S ECONOMIC VISION
A confident, creative…city, powering
growth and jobs….
…draws talent and investment from
around the world.
…public, private and third sectors
collaborate with common purpose.
…which puts the people of
Edinburgh at the heart of success
STRATEGIC THEMES AND KPI’s
Invest in the city’s development
and regeneration
+
Support inward investment
+
Support businesses
+
Help unemployed people into
work or learning
2012 – 2017
GOAL of Sustainable Growth
Creation or safeguarding of
20,000 jobs
£1.3 Billion of Investment
Support 10,000 people into
work or learning
THE CHALLENGES
• How do we attract new investment in a highly
competitive world?
• How do we realise the untapped growth
potential of small and micro business?
• How do we ensure job growth benefits the
citizens of Edinburgh?
• How do we tackle the financial uncertainties?
INVESTMENT & DEVELOPMENT
Infrastructure Development
• Priority Investment Zones
• Business Improvement Districts
Attracting Investment
• Active promotion of city to
investors and aftercare support
• Support clustering between new
investors to add value
HELPING BUSINESS AND UNEMPLOYED
Making it easier to do Business
• £1.5 million additional resource for company growth
and supporting development of Social Enterprise
• Specialist HR Business Support and integration of key
services
Edinburgh Guarantee and Skills Pipeline
• City partnership to increase youth employment
• Collaborative development between partners to
improve service integration and sustained outcomes
MAKING A DIFFERENCE
Economic Development delivered (Mar 2013)
– 610 jobs (net) created and 2,327 supported into work
– £82.06 million of physical investment
Since 2011, school leaver positive destinations
increased from 83.1% to 89.8%
Best large European city for foreign direct
investment (Financial Times 2012/13)
FINAL THOUGHTS
The Economic Strategy is
owned by everyone…
It is for the benefit of our people
and businesses…
Leadership and collaboration
are essential to driving progress…
The pace of change means we
need to innovate…
ECONOMIC DEVELOPMENT SERVICE
Greg Ward
Head of Economic
Development
Ken Shaw
Elaine Ballantyne
Employability &
Skills
Investor Relations
Alison Muckersie
Jim Galloway
Strategic
Partnerships
Enterprise &
Innovation
Steve McGavin
Lesley Martin
Business
Partnerships
Sustainable
Economy