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The Picture in East Sussex

The Picture in East Sussex. The Picture in East Sussex. James Harris Acting Assistant Director - Economy East Sussex County Council. James Harris Acting Assistant Director - Economy East Sussex County Council. Econom ic context.

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The Picture in East Sussex

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  1. The Picture in East Sussex The Picture in East Sussex James Harris Acting Assistant Director - Economy East Sussex County Council James Harris Acting Assistant Director - Economy East Sussex County Council

  2. Economic context Most deprived Least deprived Index of Employment Deprivation 2010 East Sussex is a county of contrasts Still have areas of deprivation Economy dominated by small/medium businesses Some sector strengths e.g. advanced manufacturing Transport and infrastructure challenges Relatively low economic productivity - GVA 69% of UK average Job Seekers Allowance claimant rate - 2.5% (lower than national average, but higher than the South East)

  3. Why is economic growth important? • Improve quality of life of residents • Reduce deprivation and demand for services • Central government changes to local government funding We need to provide an environment in which businesses can flourish

  4. East Sussex is on the up… • Economic performance improving GVA up 6% since 2009 • Job Seekers Allowance (JSA) claimants lowest number since December 2008 • More qualified residents since 2001 • Significant investment in economic interventions during a period of financial austerity

  5. East Sussex assets • High quality natural environment – AONB, National Park, heritage coast • Strong cultural offer – Glyndebourne, Charleston, Jerwood, De la Warr, Towner • Strong political support for economic development across the county • Varied SME base – less vulnerable to ‘economic shocks’ • Working in partnership …

  6. Working in partnership District & Borough Councils South East Local Enterprise Partnership Locate East Sussex/Let’s Do Business Group East Sussex Rural Partnership SeaChange Sussex Local Partnerships/3rd Sector Hastings & Bexhill Taskforce District and Borough Partnerships

  7. Facilitation intervention • Market failure has led to a change of emphasis • Funding – grants and loans - £10m+ • Economic infrastructure – Broadband, roads, rail, commercial buildings • New Skills and Employability strategy • SME Commission

  8. And finally …. • Less about deprivation • More about unlocking the growth potential of East Sussex

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