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GLASGOW ECONOMIC LEADERSHIP Annual Update to the Glasgow Economic Partnership Professor Sir Jim McDonald Chair, Glasgow

GLASGOW ECONOMIC LEADERSHIP Annual Update to the Glasgow Economic Partnership Professor Sir Jim McDonald Chair, Glasgow Economic Leadership 30 April 2013. Glasgow Economic Commission – Key Recommendations & Glasgow Economic Leadership – Key Priorities. Private sector leadership

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GLASGOW ECONOMIC LEADERSHIP Annual Update to the Glasgow Economic Partnership Professor Sir Jim McDonald Chair, Glasgow

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  1. GLASGOW ECONOMIC LEADERSHIPAnnual Update to the Glasgow Economic PartnershipProfessor Sir Jim McDonaldChair, Glasgow Economic Leadership30 April 2013

  2. Glasgow Economic Commission – Key Recommendations&Glasgow Economic Leadership – Key Priorities • Private sector leadership • Glasgow Economic Leadership establishment • Key sectors • Industry-led work streams: Low Carbon Industries; Engineering; Life Sciences; Financial & Business Services; Tourism & Events; Higher & Further Education • Global promotion • ‘In-Glasgow’ investment team/ new City branding • Connectivity • To national & international markets (air + digital) • Innovative funding • To deliver infrastructure & investment • Higher & Further Education • To support key sectors and growth potential • Skills… to support growth in key sectors, at all skill levels Glasgow Economic Leadership # 1/10

  3. Glasgow Economic Leadership – Main Board Members Glasgow Economic Leadership # 2/10

  4. Glasgow Economic Leadership – Work stream leaders & company, agency and academic engagement

  5. Low Carbon Industries • Glasgow/City region generating “heat” in R&D/technology commercialisation • Work Stream outputs: • advised Sustainable Glasgow’s re-focus on investment-ready ‘projects of scale’ to • attract external investment to Glasgow (eg Green Investment Bank); • to exploit Glasgow’s technology platform [eg Technology Innovation Centre (TIC)] • TIC is now base for £50m TSB-funded UK HQ of Offshore Renewable Energy (ORE) • Catapult Centre; UK HQ of Fraunhofer (UK) Research Ltd; • Assisted Glasgow win the TSB£24m UK Future Cities Catapult Demonstrator; • Supporting Glasgow’s promotion (SE/SDI) as Scotland’s International Technology & Renewable Energy Zone (ITREZ) for research / innovation inward investment; • input to City brand development. • Opportunity to further develop & promote Glasgow as a global LCI ‘hub’ • - Reference the ‘Economist’ article Glasgow Economic Leadership # 4/10

  6. Engineering, Design & Manufacturing • Strong Glasgow city region engineering heritage & current reality:‘Clydebuilt’ • Work Stream outputs: • Influenced Scottish Govt./agencies to raise Engineering policy priority (eg SE - Technology & Engineering ; SDS Engineering Skills Investment Plan) • Championed a new skills agenda (viz. Engineering SIP); • Bringing more coherence to industry leadership (with others) • New ~£30M Innovation Centre in Sensors & Sensor Systems • Promoting active industry engagement with new skills initiatives … such as … • ‘Engineering Academy’ - new Colleges/University of Strathclyde initiative: • 80 new places pa – 500 new engineering students at steady state • 2 years at College + transfer to Strathclyde for B.Eng / M.Eng; • proactive engagement of Glasgow companies (internships/scholarships etc) • Input to City brand development. Glasgow Economic Leadership # 5/10

  7. Life Sciences • Major concentration of LS activity: world-class university research, clinical excellence & ‘MedTech’, Stratified Medicine, Pharma manufacturing • Work Stream outputs: • - Glasgow BioCorridor [BioCity (Bellshill) via Glasgow (unis/NHS) to Irvine (GSK] • - South Glasgow Hospitals campus • - West of Scotland Science Park • - Incubation space at Strathclyde and Glasgow universities • - £24m Stratified Medicine Innovation Centre • Life Technologies / Universities of Glasgow & Strathclyde / Med Schools/NHS / SFC • to be based on South Glasgow Hospitals campus • Prof. Anna Dominiczak : “couldn’t have won this without GEL work stream” • Identifying life/health science trade exhibitions to attract to Glasgow • Work Stream input to City brand development • SE has funded project manager to support work stream’s work. Glasgow Economic Leadership # 6/10

  8. Financial & Business Services • Glasgow has a proventrack record of success - IFSD • Work Stream outputs: • - SDI support to identify new market / investment opportunities • recent investment success (KPMG tax centre of excellence, 150 jobs) • encouraging pipeline • regulatory compliance & risk management; legal services; client / data confidentiality; technology / software / technology companies; ‘re-shoring’ • - development of new Grade A property / IFSD Phase II • - new Grade A developments (Queen St, St Vincent St, Scottish Power) - new ‘development framework’ for expanded IFSD Phase II (to Charing X) • - to develop an industry led, coordinated “skills proposition” for F&BS sector in Glasgow - SDS committed to fund project manager to work to new Skills sub-group • Work Stream leader input to City brand development; Glasgow Economic Leadership # 7/10

  9. Tourism & Events • Opportunity to build on Commonwealth Games platform • Work Stream outputs: • - new Glasgow Tourism & Events Strategy to 2016; • newprivate sector-led Tourism & Events Leadership Group • +ve influence on new City Centre strategy (extending the city centre “offer”) • - strategic commercial exploitation of Mackintosh heritage • key IP owners agreement to ‘Mackintosh world tour’ (from 2018) • promoting Glasgow as UK’s most events-friendly city • Events audit / re-commit to City Events Charter • attract more foreign students to Glasgow • - ‘City of Education’ - GCMB / HEIs (HEI committed to fund project manager) Glasgow Economic Leadership # 8/10

  10. Higher & Further Education • Build & promote Glasgow as the UK’s largest centre of Higher & Further Education in the UK (outwith London) • Work Stream outputs: • - Enterprise & innovation: - £24m+ Stratified Medicine and £10m+ Sensor & Imaging Systems Innovation Centres in Glasgow - more to follow (Industrial Biotech, Oil & Gas…) • - Internationalising HFE in Glasgow: • ‘City of Education’ - GCMB / HEIs + HEI commitment to FT fund project manager) • - Progression & inclusion: maximising FE/HE progression • Engineering Academy • - Culture, community & place: support city’s culture, communities & places: • - North Quarter (formerly ‘Avenue of the Arts’) – GCC to lead new partnership; - Kelvin Hall: University of Glasgow / Glasgow Life collections (incl. Mackintosh) - City Centre ‘Learning Quarter’ - SU / CoGC / G-CAL (to be developed further) … Glasgow Economic Leadership # 9/10

  11. Glasgow Economic Leadership – other issues • Infrastructure & Investment issues • be it TiF, BID, ADZ, SPZ, EZ etc. • supportive of prospective Glasgow City Council ‘City Deal’ bid to UK Government/HM Treasury. • Greater business engagement in economic life of the city • In key sectors….. Complementing national priorities • championing greater business partnering with Glasgow’s schools (eg Aggreko & St Mungo’s; Edrington Group & Drumchapel High and others…………..) • greater business engagement with skills / skills development (Engineering Academy, key sector. regional SIPs) • Glasgow’s international branding and marketing • - new city brand architecture to support investment in Glasgow’s key sector / assets • - new investment Prospect for Retail, Hotel and Commercial Office development • The Triple helix! • … Business, City, agencies & academia coming together to Let Glasgow Flourish. Glasgow Economic Leadership # 10/10

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