Con onsultation Commercial Property Study Profile studies. We - PowerPoint PPT Presentation

Urban Centres The Economic Profile is the biggest Research Study piece of research undertaken into the Skills and economy and potential of the Coast to Labour Market Study Capital area. It updates our evidence in Gatwick 360 ˚ and is informed by new data Economic sets and five specific research Con onsultation Commercial Property Study Profile studies. We are consulting on the Economic Profile from 19 September to 31 October. Innovation Ecosystem Study Digital Connectvity Study

Economic Output

Productivity per hour per worker has however increased over time, but is still lower than the South East average… GVA Per Hour Worked vs Comparator LEPs, 2004-2017 (indexed to 2004, 2004=100) 140 Productivity per hour per worker 135 £ 36 South East Region 130 Cheshire and Indexed GVA per Hour Worked £ 36 Warrington 125 £ 35 Coast to Capital 120 United Kingdom £ 34 £ 33 115 West of England £ 33 South East Midlands 110 105 100 95 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Coast to Capital Cheshire and Warrington West of England South East Midlands United Kingdom South East Region Data Source: ONS, Nominal GVA per hour worked for Local Enterprise Partnerships Note: the Coast to Capital GVA figure includes Lewes and Croydon Note: The South East region definition throughout this report is based on the NUTS1 Statistical Regions as developed by the EU.

23 23rd of of 38 38 LEPs in terms of the last 5 years employment growth

Croydon Epsom and Ewell Crawley th of 18 th 18 of 38 38 LEPs England Brighton and Hove in terms of the Reigate and Banstead Lewes last 5 years Coast to Capital Adur business growth South East Region Horsham Mid Sussex Worthing Arun Tandridge Chichester Mole Valley 0% 5% 10% 15% 20% 25% 30%

People

Mole Valley Chichester Epsom and Ewell Tandridge Adur Coast to Capital Arun Working Age Population Horsham Brighton and Hove Mid Sussex Lewes Reigate and Banstead South East Region Worthing Croydon Crawley England 0 2 4 6 8 10 12 Housing Affordability Ratio Resident Workplace

3% Managers 3% 11% Professionals 13% 21% Associate professionals 14% 6% Administrative/clerical staff 7% 17% Skilled trades occupations 20% 17% Caring, leisure and other services staff 13% 7% Sales and customer services staff 8% 6% Machine operatives 6% 11% Elementary staff 13% 0% 5% 10% 15% 20% 25% Coast to Capital England

Business Environment

Start-up rate e (per 1,000 busines esse ses) s) Croydon 143 Cro roydon 143 143 Brighton & Hove 133 Brigh ghton & Hove 133 133 Crawley 132 Reigate Cra rawley 132 132 and Banstead 121 Reigate and Banstead 121 Epsom and Ewell 119 Epsom and Ewell 119 Worthing 115 Worthing 115 Mid Sussex 113 Mid Sussex 113 Adur 111 Tandridge 109 Adur 111 Arun 106 Mole Tandridge 109 Valley 101 Chicheste Arun 106 r 101 Mole Valley 101 Lewes 98 Horsham 94 Chichester 101 C2C 119 England 132 Lewes 98 Horsham 94 Coast to Capi pital 119 119 Engl gland 132 132

Total Office Lease Deals by Floorspace by Market Area (2013-2018) (sq m) Total Industrial Lease Deals by Floorspace by Market Area (2013-2018) (sq m) Brighton and Hove Brighton and Hove Creative Coast Creative Coast Croydon Croydon Gatwick Diamond Gatiwck Diamond Chichester Chichester 0 200 400 600 800 1000 1200 0 100 200 300 400 500 600 0 - 100 100 - 200 200 - 1,000 1,000 + 0 - 1000 1,000 - 2,500 2,500 Proportion of Office Lease Deals by Quality (2013-2018) (sq m) Proportion of Industrial Lease Deals by Quality (2013-2018) (sq m) Coast to Capital Coast to Capital Oxfordshire Oxfordshire London LEP London LEP EM3 EM3 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 20% 40% 60% 80% 100% 1-2 Stars 3 Stars 4-5 Stars Data Source: Co-Star 1-2 Stars 3 Stars 4-5 Stars

Places

Distribution of Rural and Urban Land Population Split 250,108, 16% Urban Population Rural Population 1,282,930, 84% Employment Split 98,200, 14% Urban Employment Rural Employment Rural Area Urban Area 603,000, 86% Data Source: Defra Urban Rural Classification, 2011 (RUC) Note: this data looks at the rural/urban distribution of land at the local authority level and not at the town centre level, which uses LSOA statistical boundaries to analyse the data.

The ten most populated urban centres account for 70% of the total Coast to Capital urban centre population… Ranking of Urban Centres by Population (2017) Population Size by Urban Centre, 2017 Urban Centre Population, 2017 Population Size Brighton and Hove 288,160 2,300 - 9,900 Crawley 109,790 Worthing 109,630 9,900 – 50,000 1 50,000 – 100,000 Epsom and Ewell 79,000 Bognor Regis 70,170 100,000 – 150,000 Littlehampton 61,870 150,000 – 200,000 Horsham 54,570 Reigate and Redhill 50,210 200,000 – 250,000 Leatherhead 44,380 Croydon 37,980 250,000 – 288,000 Banstead 37,670 Haywards Heath 36,100 Shoreham by Sea 32,510 Burgess Hill 31,160 Chichester 29,210 Purley 25,250 Horley 24,580 Seaford 24,500 Lancing 23,910 East Grinstead 23,030 Coulsdon 20,490 Caterham 20,370 Peacehaven 18,580 Lewes 17,880 Dorking 16,480 Newhaven 12,980 Data Source: ONS, Mid-Year Population Estimates Note: for more information on how urban centres were defined, please refer to Coast to Capital’s Urban Centres Research

Infrastructure

Data Source: CEH, 2017

Data Source: Hatch Regeneris

4G Mobile Coverage Coverage of Ultrafast Fibre Broadband in the Coast to Capital Region (2019) 4G Outdoor 4G Indoor Croydon 100% 95% Brighton and Hove 100% 91% Arun 100% 83% Epsom and Ewell 100% 83% Crawley 100% 81% Reigate and Banstead 100% 80% England 83% ** 80% Coast to Capital 99% 77% Mid Sussex 98% 77% Worthing 100% 76% Horsham 98% 76% Tandridge 99% 75% Lewes 99% 73% Adur 100% 66% Mole Valley 95% 64% Chichester 93% 61% Data Source: OfCom, 2019 * Note: indoor coverage offers a more suitable proxy for mobile coverage than outdoor coverage. **Note: This figure is based on % geographic area covered rather than premises.

Ideas

Brighton’s Digital Sector Across Coast to Capital… Strengths in… With growing Co-Working Spaces Manor Royal Business Park provision of co-working Strengths in… Gaming space Electric Fuel Cells Aerospace Augmented Reality/Virtual Reality 14.4k McClaren Engine digital Manufacturing Electromedical Creative tech jobs Manufacturing Advanced Hydrogen fueled E-learning Engineering Buses With a productive, complex economy and seemingly Minimal University Collaborative plenty of R&D going on, the question remains… Skills shortage Engagement Innovation across What are the problems? Horticulture & Struggling to hire Viticulture Recent data & engagement suggests R&D Lack of Space Cost of Land is not as prevalent as it appears, with Cannot expand R&D moving companies facing difficult challenges. elsewhere Source: TechNation Report (2018)

1,400 Total business expenditure 1,200 1,000 on R&D (£m) 800 600 400 200 0 900 800 140 700 Spend per person (£) 120 600 Spend per person (£) 100 500 80 400 60 300 40 200 20 100 0 0 HERD GovERD PNPERD GERD BERD Coast to Capital Enterprise M3 Solent South East (LEP) South East (region) UK Coast to Capital Enterprise M3 Solent South East (LEP) South East (region) UK GERD – Gross domestic expenditure on research and development BERD – Business enterprise expenditure on research and development HERD – Higher education expenditure on research and development GovERD – Government, including research councils, expenditure on research and development PNPERD – Private non-profit organisations expenditure on research and development