Accelera'ng Growth in Ci'es
Ci'es face an unprecedented jobs challenge…
Unemployment remains stubbornly high… Par$cularly for young people…
Challenges remain for most groups…
And in specific regions…
…while public spending has been reduced
Projected spending against projected revenue for Local Authori$es*
*Funding outlook for councils from 2010/11 to 2019/20: Preliminary modelling, Local Government Associa$on, June 2012
We need innova'on…
A lost decade of Innova'on…
Steady decline in UK investment falling from approximately 27 per cent in 1999 to 21 per cent in 2009
..new innova'on funding opportuni'es are emerging
Single Local Growth Fund
City Deals
EU 2014-‐2020 Programme
Local Economic Partnerships
David Frost – Chair of LEP Network
Tools to bring innova'on alive…
Accelerators…
Systema'c but flexible way to support new businesses and entrepreneurs
Nesta host one accelerator… …and have invested in four others
Challenge Prizes… Challenge prizes offer a reward to whoever can first, or most effec$vely, meet a defined challenge. They act as an incen$ve for mee$ng a specific challenge, rather than an award for past achievements.
• Nesta, in associa$on with the Cabinet Office, offered a prize for the
innova$on that can reduce the isola$on and/or increase the mobility of
vulnerable older
• Five finalists received £10,000 each while the idea that demonstrates
the most success will be awarded £50,000
Radio Club The AZer Work Club Help for Isolated LGBT People
Tools Company for Men Community Cafe
Big Data… There’s real scope to harness ‘big data’ to create jobs and tackling unemployment by pooling data sources, mapping clusters and matching skills of job seekers to short term employer needs.
Proving Social Innova'ons…
We need beber data and rigorous evalua$on of what really works and easy access to compare interven$ons.
Targeted Interven'ons…
hbp://makethingsdostuff.co.uk/
We have iden$fied many projects and programmes which address par$cular gaps in the labour market.
Learn more at our workshops… a) Accelerator Workshop – Vicki Sellick
b) Challenge Prizes Workshop – Tris Dyson
c) Big Data Workshop – S$an Westlake