LEPs are business-led private-public partnerships and typically span a number of Local Authorities but not an entire (NUTS 1) region. East Midlands. •    Raise total research and development (R&D) investment to 2.4 per cent of GDP by 2027; It points out the innovation priorities of the 2014-20 ESIF programme in the UK and it has as its main objective to identify the policies and public support available at national and local levels to help business invest in innovation; help Local Enterprise Partnerships (LEPs) and their partners to identify opportunities to benefit from; inform businesses, universities and others involved in wider research and innovation programmes, among others. Manufacturing sub-sectors such as Transport Equipment and Food & Drink are significantly more productive in the region than at national level. My ambition is to rebuild the East Midlands. This agenda is a really important part of my role as the MP for Mansfield – it is an incredible opportunity for us in the East Midlands to rebuild after the challenges of Covid-19 – and as the White Paper develops, I am making sure Nottinghamshire is seizing every chance to rebuild and regenerate our area in my other role as leader of the County Council. Found inside – Page 128The Industrial Development of East Anglia . Ipswich . 1977 . 5156 U.K. DEPARTMENT OF ECONOMIC AFFAIRS . The East Midlands Study . 1966 . 5157 ALDCROFT ( DEREK HOWARD ) . The East Midlands Economy : An Economic and Business Review of the ... The Department, in particular, is in charge of ensuring cutting-edge research, science and innovation within the UK. Whilst the regional economy has higher levels of employment and economic growth than the UK average, it performs less well on measures of productivity. •    The Transport iNet brings together organisations, SMEs and universities, working in the field of Transport in East Midlands. Informally, it will create confidence in the East Midlands … It is responsible for finding and driving science and technology innovations, thereby supporting UK businesses to move towards the industries of the future. Developing land around East Midlands airport is an important part of the DevCo's strategy (David Goddard / Getty Images). First flagged in the Queen’s Speech in May, the DevCo is now taking shape following the appointment of a new Managing Director, Richard Carr. The East Midlands is being galvanised, bringing together MPs, council leaders, public and private sectors and universities to deliver complementary development across the region –. The University of Nottingham invested in the East Midlands project "Evaluation of the Advanced Manufacturing Technology East Midlands project" which focused on creating links between precision manufacturing firms located in the East Midlands and the University of Nottingham. In the past two decades, the service sector has been both the largest and fastest growing sector in the UK and East Midlands. New vision for future of East Midlands economy post Covid is revealed. Found inside – Page 49The diverse nature of the economic base, a robust manufacturing sector and the large number of small to medium-sized firms operating in the area meant that the East Midlands economy was one of the most buoyant among UK regions during ... Yesterday, I held a debate on the future of the East Midlands economy. Elizabeth Fagan CBE, Chair of the D2N2 Local Enterprise Partnership, said: The Freeport has been a fantastic win for the region and we are now working with partners to deliver it at pace. Diet and weight loss to achieve type 2 diabetes remission say Aston University researchers, Midlands university helps make flying more sustainable, East Midlands Airport area: which supports the region’s status as a centre for advanced manufacturing & research, and is a national and international logistics gateway which will be at the heart of the new Freeport zone, Ratcliffe-on-Soar Power Station site: transforming part of the site of the UK’s last coal-fired power stations into a national centre for carbon zero technologies and manufacturing innovations, which is also in the Freeport zone. North West Leicestershire is proud to be a green district with ambitious zero carbon targets and we’re pleased that ‘green growth’ is a key part of the development plan. East Midlands. It is one of the least populated regions in UK, but at the same time is the fourth widest region. I am pleased that the LLEP is supporting this programme, which will see marked improvements to our already world-class transport infrastructure. RDAs were closed in March 2012, marking thus the shift from structured regional policies based on NUTS 1 regions to a more local and varied approach to growth and development. Click here to subscribe to our daily briefing – the best pieces from CapX and across the web. The East Midlands region is traditionally recognised for its strong manufacturing. Further endorsement of the East Midlands Hub in the Integrated Rail Plan can help us to unlock an initial £3.5bn wave of private sector investment. The region's biggest employers include Next, Rolls-Royce, Bombardier, Boots, Caterpillar, Barratt, Toyota, Leicester City FC, East Midlands Airport and Triumph Motorcycles. This vital work will deliver greater, faster, more environmentally sustainable and inclusive growth. As regarding EU-financed policies, the Smart Specialisation Strategy in England document provides a strategic framework for investments in research and innovation funded by the European Regional Development Fund (ERDF). Councillor Simon Robinson, Leader of Rushcliffe Borough Council, said: This submission of the business case to Government is a huge step to securing a Development Corporation for the East Midlands. Levelling up is about deeds, not words – and the plan is being formulated in Whitehall as we speak. The proposed East Midlands Development Corporation will provide significant investments to accelerate and sustain our region’s economic recovery and growth. Otherwise by continuing to use the site you agree … •    Create a new National Retraining Scheme that supports people to re-skill, beginning with a £64m (€72m) investment for digital and construction training; In terms of innovation, the East Midlands performs relatively well. In the East Midlands, 74% of businesses can be classified as being in the service sector, compared to 77% in the UK. The East Midlands. HS2, the DevCo and Freeport can all contribute to boosting the East Midlands economy. Found inside – Page 6Eight months on , we are pleased to see that the regional economy has responded more resiliently than might have been ... East Midlands 5.6 East Midlands 7.5 North East East 4.6 South West 6.6 East South East 4.1 East 6.5 South East ... The Freeport is supercharging this massive opportunity. It has just submitted a Business Case to Government which outlines what investment in the sites could deliver for the region: 84,000 jobs, more than £4.8bn in added value and thousands of new homes. Found inside – Page 312: Oral and written evidence Great Britain: Parliament: House of Commons: East Midlands Regional Committee ... to that with a wider assessment of the economic connections that were then removed in the Beeching impact it would have . In order to strengthen its presence and impact at regional and local level, in 2016 Innovate UK appointed a team of ten Regional Managers to cover the UK. The Institute of Advanced Manufacturing (IfAM), part of the University of Nottingham, also benefited from ERDF funding. Found inside – Page 71... Office for National Statistics, January; and OECD (2017), “Regional Economy”, OECD Regional Statistics (database) ... West England 47.6 North East England 27.8 North East England 42.1 East Midlands 27.7 East Midlands 43.9 Yorkshire ... When the region does well, so too does the airport and vice versa. In our blueprint for levelling up in Nottinghamshire, we have some huge regional projects. They are: Clare James, East Midlands Airport’s Managing Director, said: I welcome the opportunity to work in partnership with businesses and public sector bodies to help shape a future vision for this region and deliver economic growth and prosperity for people who live, work and study in this region. Labour productivity is below UK average, in 2017, the nominal GVA per capita  was €25,100 , below the UK average of €31,700. The level of turnover generated by novel products or processes varies by sector. The region is weak in non-R&D innovation expenditures, R&D business expenditures in public sector (17% below the UK average; 29% below the one for EU) and EPO patent applications (10% below the UK average; 26% below the one for EU). The new East Midlands Development Corporation is a first in the country. The Regional Managers act as Innovate UK’s local representatives in the area, working to further develop and extend its relationships with key local partners, in particular raising awareness and understanding of Innovate UK and providing a direct channel of communication with each region. The Economic Impact of BT Group plc in the UK report, by consultancy firm Hatch, calculates that the communications and technology company generated more than £24 billion in gross value added (GVA) to the UK economy during the last financial year, including £759 million in the East Midlands alone*. •    Invest £725m (€820m) in new Industrial Strategy Challenge Fund programmes to capture the value of innovation. The East Midlands is a medium sized UK region with a regional GDP of €133,9m in 2017, lower than its regional GDP in 2016 which amounted to 137,9m (Eurostat, 2019). Innovation leaders are those regions with a performance more than 20% above the EU average. After business, higher education institutes are the largest contributor to GERD in the region. We need to rebalance the region with the West Midlands – to get our Midlands Engine firing on all cylinders – and we are developing with the Government a solid and exciting plan in order to make this a reality. The East Midlands can't just be somewhere people pass by on the train. Found inside – Page 9696 Modernising the productive economy There are two main explanations for the successful economic regeneration of the Pittsburgh and East Midlands regions: 1) the successful coupling of old and new economy activities, is macroeconomic, ... £235m vision for future of region's economy unveiled with proposal for new East Midlands Development Corporation The East Midlands is planning a historic fightback from the economic impact of Covid-19 with a bold new vision to grow the economy. We want to make sure our county is a prime example of what the East Midlands can achieve if the vision is there. Sectors such as construction and engineering-based manufacturing that are relatively more significant in the East Midlands than nationally tend to experience lower levels of turnover from innovative products or processes. Found inside – Page 248XIV, Oxford: Royal Statistical Society and the Social Science Research Council by Pergamon. (1979), The East Midlands Economy, London: Pointon York. (1977), The European Economy, 1914-1970, London: Croom Helm (revised for Croom Helm in ... This project, together with Stapleford Town Deal and our plans to pursue funding for Eastwood and Kimberley as part of the Government’s Levelling Up Fund, will help drive sustainable investment in the local area. Found inside – Page 1first report of session 2008-09 Great Britain: Parliament: House of Commons: East Midlands Regional Select Committee ... the challenges that are colleagues from the East Midlands Development facing us in the current economic downturn . Found insideFor example, the East Midlands lost over 20,000 jobs in textiles between 1980 and 1989—the total falling from 82,000 jobs in the sector to below 62,000—though it increased its percentage of total employment intextiles from 26 per centto ... Found inside – Page 133... (1984) High-tech Producer Research and All Region manufacturing" services” development industries South-East 41.1 49.6 55.0 34.6 East Anglia 3.0 2.8 7.2 3.4 South-West 9.3 7.0 7.7 7.4 East Midlands 5.7 4.3 4.7 7.0 West Midlands 10.8 ... This also applies to processes and services related to innovation. •    systems that control the moving parts of aircraft and engines: electrical, mechanical, electronic, hydraulic, pneumatic A Welcome Capacity Increase, as Well as Good News For Luton Airport Passengers Found inside – Page 53East Midlands Climate Change Partnership. 2009. Tackling climate change in the East midlands: Regional programme of action, 2009–2011. East Midlands Development Agency. 2011. Mapping the East Midlands low carbon economy. © Crown Copyright 2021 Midlands Engine. Despite the relatively high levels of expenditure on R&D in the East Midlands, data from the Community Innovation Survey show that this is not always translated into successful market outcomes. In 2006/07, the range of programmes and services for business support (including innovation) underwent a process of simplification. •    ensure that activities are fully integrated in the local economy and its supply and value chains; The majority of this economic activity (£706 million, 51%) is generated by the commercial non-sport sector. The case sets out how the new regional body could support regeneration schemes that could potentially add £4.8 billion a year to the East Midlands Economy, create an estimated 84,000 jobs and deliver thousands of new homes. There is also a recent growing trend in the Service sector, which is in line with national trends. They show how three massive zones – covering areas around East Midlands Airport, Toton Hub, and Ratcliffe-on-Soar Power Station – might be transformed … •    promote the use of enabling technologies that can transfer and add value between related sectors. Found inside – Page 233Black, J., D. de Meza and D. Jeffreys, 1996, 'House Prices, the Supply of Collateral and the Enterprise Economy', Economic Journal, 106, ... East Midlands Development Agency, 1999, Economic Development Strategy for the East Midlands. Innovation increasingly became an important feature of their activities over a number of years, with a wide range of different policies implemented across the UK. We should make an ambitious play for better infrastructure, improved opportunities and central government support. Will have the Capacity to shift the dial of productivity for the whole of the East that! 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