Transcript National Picture (1) - Invest Aylesbury Vale

Business Community
Meeting
Tuesday 4 December 2012
AYLESBURY VALE DISTRICT COUNCIL
Outline Budget
2013/14
AYLESBURY VALE DISTRICT COUNCIL
National Picture
• CSR2010 – Government response to
worst financial crisis in 80 years
• Massive reductions in public sector
spending
• Assumption that economy would have
recovered faster and revenues increased
• CSR2010 reduced support for local
government by 30 – 40%
• Similar reductions expected for CSR2015
• Possibility of NO Grant by 2020
AYLESBURY VALE DISTRICT COUNCIL
“I pay my Council Tax…..”
• Average tax payer pays £131.07
• In 2010/11 it cost £310 to provide
services
• Government paid 2/3rds, Taxpayer paid
for 1/3rd of the services they believed
they paid for
• In future the Government won’t pay for
you to have these services, you can only
have what you pay for
Cost of Services
350.00
300.00
250.00
200.00
Grant
Council Tax
150.00
100.00
50.00
0.00
2010/11
2011/12
2012/13
2013/14
2014/15
2015/16
What does this all mean?
2010/11 2013/14
Cost of Services
Council Tax
Grant
£310
£131
£179
£240
£131
£109
2015/16
£214
£131
£83
• If residents want to retain services they will
have to pay more to keep them
• The Government is imposing lower
referendum caps
• The very future of some councils looks
uncertain
Government Grant
• Major changes from April
• A hybrid of Business Rates Retention
and existing scheme
• Half of the Rates we collect will go to the
Government, half we retain to share
• We gain from Business Rate growth and
lose from reductions
• Still a national scheme, no significant
changes from last year
• Next revaluation put back to 2017
2013/14 Budget Strategy
• Uncertainty around Government Grant
• Working on worst case assumption
• Savings initiatives should be sufficient
to balance budget, but some uncertainty
• May require a use of balances as no time
to react to Government Settlement
• Council Tax Freeze Grant on offer again
• Fundamental change in approach
required for budget planning thereafter
Economic Development
2012/2013
4th December 2012
Annual Business Event
Mark Wathen
1. Priorities
2. Progress
3. Partnerships
4. Future
Priorities
1. Delivering Aylesbury Vale’s Economic Development
strategy actions
- enterprise start up & support with Aylesbury Enterprise & Innovation
Centre (AEIC); promote AVDC collective offer to business
- key employment sites & premises – owning (AVE), enabling, unblocking, &
allocating in line with Vale of Aylesbury Plan (VAP)
- business engagement/retention
develop sector propositions with business sector champions to identify
barriers to growth & collective solutions
- inward investment activity
surface our ‘local offer’ with UKTI in national context and target
and handle enquiries, visits and events
- support specific skills interventions and knowledge transfer e.g.
apprenticeships, Stoke Mandeville NSIC/Silverstone, University Technical
Centres (UTCs)
Progress
Economic Development strategy
Enterprise start up & support
- AEIC advisor has undertaken over 60 1:1 sessions on finance, business
plan & marketing
- Business grants awarded to 3 established businesses and 3 start ups
- Golden Welcome grant awarded to Medical Device company with
significant VC funding behind it, potentially leading to 50 jobs by 2015/16
- working with BBF to provide business support presence to access wider
expertise & Government initiatives, including ‘peer to peer’ mentoring &
BBF joint events
- ongoing liaison with Buckingham economy group, Bucks chamber
and FSB
- Gobbler Boats continuing to receive support from BBF for sources of
funding for prototype, now fully approved by Lloyd’s Register
Key employment sites & premises
- Silverstone Masterplan & outline planning approved
- GL Hearn review of key employment sites & AVDC internal review of other
sites undertaken
- closer working with agents/developers & LEPs to prioritise key employment
sites for growth, share market intelligence & create and communicate an
enhanced employment sites offer
Business engagement
- 36 significant 1:1 meetings with larger businesses since last Autumn,
including formal opening of McAfee’s global engineering centre in
with Rt Hon David Willets, Minister for Universities and Science
- representation on SEMLEP high performance engineering sector
group (SEMLEP) & Manufacturing and Advanced Technology sector
group
Inward Investment
- 19 inward investment enquiries since April 2012
- developed and distributed nationally significant healthcare offer to
UKTI HQ and embassies worldwide
- 8 overseas businesses visited Stoke Mandeville NSIC from USA,
Iceland, Finland, Germany etc. to discuss R&D collaborations
- 150 international businesses & organisations attended the Global
Business Summit at Stoke Mandeville NSIC on Assistive Medical
Technology to promote global R &D collaborations
- 120 businesses attended the joint event between AVDC/SEHTA
organised with SEHTA Telehealth ‘Meet the Buyer’ conference and
event
- represented on SEMLEP inward investment steering group and
BTVLEP ‘soft landing’ group
Skills
- apprenticeship event with over 50 businesses in Jan 2012, following
up with several including De Soutter who have created relationships
with ATG
- engagement with two University Technical Centres (UTCs) initiated
- supported and launched Centre for Telehealth and Assisted Living at
Bucks New University (BNU)
Partnerships
Local Enterprise Partnerships
-
Represented on Board of both South East Midlands and Bucks Thames
Valley LEPs to influence, shape and own business plans & outcomes
Supported development of both SEMLEP and BTVLEP business plans
& manifesto for growth
Officers represented on various sub-groups including BTVLEP skills
sub-group (Mark Wathen) & infrastructure sub-group (John Byrne)
Exploring Heseltine & LEP growth deals and opportunities through
both LEPs
Secured Growing Places Funding (GPF) for Silverstone, East West
Rail and Town Centre Developments
Bucks Business First (BBF)
Entering into an MOU with BBF with the following aims:
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create a more accessible, responsive & customer focused business
support infrastructure
improve quality and delivery of information, advice & guidance
Improve the interface between small business & Government and its
initiatives
collaborate on the delivery of programmes set out in both AVDC’s
economic development strategy, BBF’s business plan and in support of
the BTVLEP Manifesto for growth
support the retention, development and growth of Aylesbury Vale
businesses and attract more inward investment
understand and strengthen each others respective service offering to
businesses
work more closely together to use the strength and expertise of both
parties
Future
AVDC continuing to work in the best interest
of the Vale and its businesses as Board
members of two LEPs to support economic
growth & prepare for future devolution of
powers & funding against clear business and
investment priorities
Update on Vale of Aylesbury Plan
• Being produced in 3 parts
• Strategy agreed by Council
• Next stages:
– Statutory publicity
– Submission to Planning Inspectorate
– Independent examination
• Timing depends on South East
Plan issues
• Other parts come later
AYLESBURY VALE DISTRICT COUNCIL
Update on Vale of Aylesbury Plan
Minimum of 6,000 extra jobs on
following principles:
• New & existing strategic sites
• Growth of the rural economy
• Homes and jobs together
• Space & a skilled workforce for
growing businesses
• Protect existing employment land
• Detailed allocations come later
AYLESBURY VALE DISTRICT COUNCIL
Update on Vale of Aylesbury Plan
• 13,850 new homes – 6,000 left to
plan for
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–
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3,250 at Aylesbury
700 at Buckingham
400 at Winslow
100 at Haddenham
30 at Wendover
1,520 at other larger and smaller
villages across the District
AYLESBURY VALE DISTRICT COUNCIL
Delivering Infrastructure
• Infrastructure Delivery Plan being
produced
• Some shapes the Plan
– Eastern Link Road
– East-West Rail
• Some is shaped by growth
• Community Infrastructure Levy will
largely replace S106
• Big challenge is “who pays for it?”
AYLESBURY VALE DISTRICT COUNCIL
Any Questions?
AYLESBURY VALE DISTRICT COUNCIL