Leicester and Leicestershire Economic Recovery Strategy Fiona Baker LLEP Head of Strategy and Engagement ESF Provider Forum June 2020 Email: fiona.baker@llep.org.uk / Tel. 0116 454 1550
Leicester and Leicestershire Economic Recovery Planning Structure
It’s complicated Data lag … but multiplicity of predictive reports emerging Government support likely to delay ultimate impact Duration and nature of crisis is an unknown Unprecedented situation – unable to apply historic trends Wide variance in published best case / worst case scenarios Awaiting information on National Recovery Strategy
Economic Recovery Strategy Create short- Develop long Analyse term economic term economic economic shock recovery plans recovery strategy Immediate & ongoing Immediate & short-term Longer term May – Dec May – Aug Jul - Dec
Business Sectors – Business Sectors – most vulnerable least vulnerable Aviation Health Automotive manufacturing Essential retail (including parts supply chain ) Pharmaceuticals, Tourism healthcare equipment Leisure and Public entertainment administration Hospitality Logistics
Centre for Cities Sector Impact Source: Centre for Cities
Who will be most affected? Those without Those aged 18-24 qualifications Those in industries most at risk Those who cannot (also most likely to be aged 18-24) work from home
Claimant Count LLEP Claimant Count Age 18,000 16,215 16,000 14,000 12,000 10,000 8,585 8,000 6,110 6,000 4,000 5,125 2,000 2,950 2,190 0 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 LLEP Area 18-24 LLEP Area 25-49 LLEP Area 50+
Activity to date Economic Recovery Cell up and running • Business and Economic Intelligence Update issued fortnightly • Over 80% of Leicester and Leicestershire eligible businesses have received Small • Business Grant Funding Business Support available through Business Gateway Growth Hub • Webinars – One to one support – District and Town Centre Recovery Plans in development (including night time • economy and safe shopping arrangements)
Data and Intelligence Economic Analysis Group in process – will feed into MAIC (Multi-Agency Intelligence • Cell) Mapping of data sources • Business and Economic Intelligence Update issued fortnightly and will incorporate: • Claimant count – Job posting analytics – Monthly Growth Hub enquiry cumulative analysis – Business closures – Mobility analytics – Research summaries – Data delivered at district level by default if available • Methodology developed for forecast modelling GVA and job numbers •
Current and future analysis • Leicester and Leicestershire Business Survey • SERCO digital skills in the workplace • Low carbon economy, goods and services • Food and drink survey • Forecast scenario modelling • Sector impact analysis
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