Fit for the future
The government’s ambitious, modern Industrial Strategy sets out a long term plan to boost the productivity and earning power of people throughout the UK, setting out how we are building a Britain fit for the future.
The UK has significant economic strengths on which we can build, but we need to do more to increase our productivity and make the most of our untapped potential right across the country.
The government, backed by Local Enterprise Parnerships (LEPs), will boost productivity and earning power across the country by focusing on the five foundations of productivity: Ideas, People, Infrastructure, Business Environment and Places.
The publication of the Industrial Strategy recognises the role LEPs are already undertaking in driving economically led growth and will play in leading the delivery of this Strategy.
This a long term strategy – making changes now, but also looking to the future. The government will start by:
- Committing to raising investment in R&D to 2.4 per cent of GDP by 2027 and announcing £725m in new Industrial Strategy Challenge Fund programmes to drive innovation;
- Investing £406m in maths, digital and technical education as well as creating a new National Retraining Scheme that support people to re-skill;
- Boosting spending on the infrastructure of the future, delivering clean energy and spreading 5G digital connectivity right across the country and £400m for electric vehicle charging points;
- Creating a £1.7bn Transforming Cities Fund for projects that drive productivity by improving connections within city regions;
- Creating an Independent Industrial Strategy Council to develop measures of success and evaluate our performance.
The government are announcing sector deals in construction, life sciences, artificial intelligence and automotive industries and updating on the sectors in advanced discussions and setting out criteria for future deals.
Andrew M Smith, Chairman of Buckinghamshire Thames Valley Local Enterprsie Partnership, said: “Buckinghamshire has many world leading businesses and business clusters operating at the centre of the Oxford to Cambridge Growth Corridor. Many of these - including Robert Bosch, Silverstone, GE Healthcare, Johnson & Johnson, Boundless Productions & Pinewood Studios - are operating at the heart of the automotive technologies, life-science and creative industry sectors and will be critical in delivering the success of the new strategy.”
The Strategy sets out Grand Challenges to put the UK at the forefront of the industries of the future. The first four Grand Challenges are focused on the global trends which will transform our future: Growing the Artificial Intelligence and Data Driven Economy, Clean Growth, Future of Mobility and our Ageing Society.
To view summary of the key points of the Industrial Strategy click here
Oxford-Cambridge Growth Corridor Economic Vision Consultancy Proposal
“The corridor connecting Cambridge, Milton Keynes and Oxford could be the UK’s Silicon Valley – a world renowned centre for science, technology and innovation. But its future success is not guaranteed... The corridor faces a chronic undersupply of homes made worse by poor east-west transport connectivity. Two of the least affordable cities in the UK lie within the corridor and the area, as a whole, has consistently failed to build the number of homes it needs. That shortage puts sustained growth at risk. It is already increasing costs for businesses and diminishing their ability to attract employees at all levels”
National Infrastructure Commission, 2017
The Oxford -Cambridge Corridor is seen as one of the greatest untapped economic corridors in the UK and has been identified by Government as a key strategic priority for growth, development and investment.
Analysis prepared for the NIC suggested that trend-based growth, reflecting established patterns of spatial development, could see the number of jobs across the Corridor increase by 335,000 to 2050, increasing economic output by some £85bn. It also suggests that more transformational growth is possible. In a scenario where the Corridor’s housing needs are better met and in which east-west links succeed in bringing distinct sub regional economies closer together – the area could support a further 700,000 jobs by 2050, increasing GVA by £163bn.
The Government has invited the three Local Enterprise Partnerships of OxLEP, SEMLEP and BTVLEP which over the corridor, together with the Mayoral Combined Authority for Cambridgeshire & Peterborough, to work together to develop a shared economic vision.
The Corridor Partners are looking to appoint suitably qualified consultants who can work with a steering group to develop an economic vision for the corridor, which builds upon the recently completed LDA study which sets out the corridors assets as a first phase of the commission and thereafter work prepare a cross Corridor Local Industrial Strategy (LIS) delivery plan which aggregates the potential of “place” and maximises the corridors potential to drive economic growth for UK Plc. This second phase would be completed over the course of the 2018 with a view to aligning this with LIS at a place level by December 2018.
Our aim is to create a shared long term economic vision and Strategic Investment Plan for the Oxford - Milton Keynes - Cambridge Growth Corridor to 2050, to guide policy and investment decisions by partners in response to the Industrial Strategy White Paper, building on the emerging Local Industrial Strategies, existing Strategic Economic Plans & growth, infrastructure and skills strategies, which focus upon the potential of place and supported by robust evidence and economic intelligence.
- Friday 18th May - publication of consultancy brief
- Friday 8th June, 4pm - deadline for submission of tenders to OxLEP Ltd
- 14th June - interviews & appointment of consultants
- w/c 18th June - Inception Meeting
- w/c 16th July 2018 - Stage 1 Complete
- w/c 10th Sept 2018 – Stage 2 Complete
- Final Report:
- w/c 10th December 2018 – Stage 3 Draft Final Report
- w/c 21st Jan 2019 - Final Report for Partner sign off
Please send all tender submissions to: email@example.com by 4pm on Friday 8th June – please note, late submissions will not be considered.
Please state ‘Oxford-Cambridge Growth Corridor Economic Vision Consultancy Proposal’ in your email correspondence.
Shortlisted suppliers will be notified by Tuesday 12th June, and be invited to a panel interview on Thursday 14th June – shortlisted suppliers will be notified of the venue and precise timings.
All tenders should clearly state the key point of contact for the supplier and their contact details.