Developing a Local Industrial Strategy for Buckinghamshire

Buckinghamshire Thames Valley LEP is developing one of the country’s first Local Industrial Strategies. One of a family of strategies covering the Oxford – Cambridge Arc, the Buckinghamshire Local Industrial Strategy (LIS) will set out a programme of activity to ensure that the county’s economic assets contribute more to the national and local economies.

On this page we answer four key questions:

  • What is a Local Industrial Strategy?

  • What are the economic assets that the Buckinghamshire LIS is focusing on?

  • What are the next steps in developing the Buckinghamshire LIS?

  • How can people get involved in the process?

What is a Local Industrial Strategy?

The Buckinghamshire Local Industrial Strategy will focus on how to strengthen and exploit the country’s most important economic assets, assets that are distinctive to Buckinghamshire and are significant nationally and internationally.

The Buckinghamshire LIS will, in effect, form a local chapter of the Government’s national industrial strategy, including its focus on four grand challenges facing the UK: artificial intelligence and the data economy; clean growth; the future of mobility; and the ageing society. The Local Industrial Strategy will also exploit Buckinghamshire’s location at the centre of the Oxford – Cambridge Arc.

What are the economic assets the Buckinghamshire LIS is focusing on?

Our discussions have identified  a number of key assets on which the foundation of this strategy will be based, these include:

  • The creative and digital economy with Pinewood Studios at its core;

  • Medical technologies exploiting the international status of Stoke Mandeville Hospital and its status as birthplace of the Paralympic movement;

  • Silverstone’s position at the core of a high performance technology innovation;

  • The role of the Westcott Space Cluster as a key link in the UK space sector supply chain.

What are the next steps in developing the Buckinghamshire LIS?

BTVLEP has commissioned Shared Intelligence to help it to prepare its LIS. The work is being overseen by a steering group comprising LEP Board members and other key stakeholders from local businesses and organisations. Shared Intelligence have been facilitating discussions on each of Buckinghamshire’s economic assets to develop actions that will enable them to contribute more to the national and local economy.

A consultation draft of the strategy was produced and we sought the views of businesses, communities and individuals from across Buckinghamshire to help shape our proposal to government during March, with a view to the final strategy being published in summer 2019.

For further information please contact ian@btvlep.co.uk or lisa.mccance@sharedintelligence.net

Local Industrial Strategy consultation

The National Strategy

The government’s ambitious, modern Industrial Strategy sets out a long term plan to boost the productivity and earning power of people throughout the UK, setting out how we are building a Britain fit for the future.

The UK has significant economic strengths on which we can build, but we need to do more to increase our productivity and make the most of our untapped potential right across the country.

The government, backed by Local Enterprise Partnerships (LEPs), will boost productivity and earning power across the country by focusing on the five foundations of productivity: Ideas, People, Infrastructure, Business Environment and Places.
To view summary of the key points of the Industrial Strategy click here

Oxford-Cambridge Arc Economic Vision

The Oxford -Cambridge Arc is seen as one of the greatest untapped economic corridors in the UK and has been identified by Government as a key strategic priority for growth, development and investment.

Analysis prepared for the National Infrastructure Commission suggested that trend-based growth, reflecting established patterns of spatial development, could see the number of jobs across the Oxford – Cambridge Arc increase by 335,000 to 2050, increasing economic output by some £85bn. It also suggests that more transformational growth is possible. In a scenario where the Arc’s housing needs are better met and in which east-west links succeed in bringing distinct sub regional economies closer together – the area could support a further 700,000 jobs by 2050, increasing GVA by £163bn.

The Government has invited the three Local Enterprise Partnerships of OxLEP, SEMLEP and BTVLEP which over the corridor, together with the Mayoral Combined Authority for Cambridgeshire & Peterborough, to work together to develop a shared economic vision.

Our aim is to create a shared long term economic vision and Strategic Investment Plan for the Oxford – Cambridge Arc to 2050, to guide policy and investment decisions by partners in response to the Industrial Strategy White Paper, building on the emerging Local Industrial Strategies, existing Strategic Economic Plans & growth, infrastructure and skills strategies, which focus upon the potential of place and are supported by robust evidence and economic intelligence.

industrial strategy