A new relationship with business – the key to local growth
Martin Cresswell
Chief Executive
iMPOWER Consulting Ltd
May 2013
The contents of this document are © iMPOWER Consulting Ltd unless otherwise statedRegistered office: 14 Clerkenwell Close, London EC1R 0AN Registered in England and Wales No: 03876501
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Business has been, and should be, a fundamental part of our community
The impact of the Singer Factory on Clydebank
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Business in our local economy
Building the local authority role in local economic growth?
Knowing your local businesses?
Joining up differing interests – providing leadership?
Building a consensus for growth?
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Is government coming to the rescue?
Source: HM Treasury and UK Public Spending [1]
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And the real picture is worse
Source: HM Treasury and UK Public Spending [1]
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Will the banks support growth
PositivesExtension of Funding for Lending Scheme, skewed to
SME’s
Business bank
Negatives Increasing provisions for risk and miss-selling
Increase liquidity holdings
Deliver profit for investors
Costs of borrowing
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7 habits of ‘Highly Successful Cities’
City identity and reputation – vital to protect it and project it in a globalised world
Know ourselves deeply – need to link future aspiration with past and present
Know others very well – know who to learn from, internationally Build a family for the city – at the company, sector and
government levels Make the city’s promise personal – connect to individual citizen
and business aspiration Renew/realign experience and identity – ensure no gap between
reality and city projection Build the next generation with integrity & consistency – no one
giant leap, lots of steps
(source: Greg Clark: Senior Fellow ULI Europe – Glasgow Economic Commission )
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7 habits of ‘Highly Successful Cities’
City identity and reputation – vital to protect it and project it in a globalised world
Know ourselves deeply – need to link future aspiration with past and present
Know others very well – know who to learn from, internationally Build a family for the city – at the company, sector and
government levels Make the city’s promise personal – connect to individual citizen
and business aspiration Renew/realign experience and identity – ensure no gap between
reality and city projection Build the next generation with integrity & consistency – no one
giant leap, lots of steps
(source: Greg Clark: Senior Fellow ULI Europe – Glasgow Economic Commission )
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Have national initiatives delivered?
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Areas of severe competition – analysis of LEP business plans
Green/ carbon economyAdvanced manufacturingDigital and creative industriesLife sciencesFinance & business services
Is there sufficient differentiation between localities to drive growth locally?
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What needs to be doneBuild a new and local relationship with business?
Get beyond the data – what is really happening?
What is your local differentiation?
Understand locally what makes a difference?
Government must relax the reins and allow localities to succeed!
Align limited resource to make maximum impact!
Map, segment, and account manage relationships