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Bigger Economy

Better Business
Faster Growth
Sheffield
Economic
Strategy
Bigger Economy Executive Summary

Better Business Introduction


Sheffield is a creative, inventive
and energetic city. It is one of the
The City’s Economic Challenge
Sheffield is not fulfilling its
economic potential. A prosperity

Faster Growth
gap of £1.6billion persists in
UK’s major city economies with
comparison to the national
internationally recognised, leading
average. This represents the
edge talents in manufacturing,
difference between what the
engineering and design. The
Sheffield economy does produce
city’s authentic and independent
and what it could produce. To
character is reflected in an
close this prosperity gap we need
aptitude for generating bright
to:
ideas, an inquisitive and innovative
• Strengthen the city’s private
spirit, and a deserved reputation
sector and rebalance growth so

economic potential
for getting things done.
that both Sheffield’s public and
private sector are productive,
Sheffield is the core city at the
strong and growing.
heart of the Sheffield City Region
• Increase the pipeline of new
and is committed to being a
businesses and increase the
driving force for growth across the
number of high performing –
wider economic area. The city’s
high value businesses. Harness
economic geography stretches
the growth potential of our Small
across Barnsley, Bassetlaw,
and Medium Sized Enterprises
Bolsover, Chesterfield, Doncaster,
(SMEs).
Derbyshire Dales, North East
• Improve the overall
Derbyshire and Rotherham,
competitiveness and
through its workforce and supply
productivity of the existing
chains. The economic prosperity
business base, and secure
of Sheffield and the wider city
higher growth in knowledge
region is of critical importance to
intensive sectors.
secure long term competiveness
• Continue to improve the city’s
and sustainable economic growth.
skills base to make skills a
future differentiator for the city’s
A Refreshed Strategy economy. Connect our highly
This economic growth strategy skilled people into the business
for Sheffield is a refresh of the base to stimulate innovation and
2008 Masterplan, retaining its growth.
ambition yet refocusing its strategy • Support job creation and ensure
towards economic interventions that the benefits of economic
that will drive economic growth growth are shared across the
in the short and medium term, city, with local people seeing
whilst continuing to strengthen the benefits in more jobs and
the city’s economic foundations improved incomes.
to secure Sheffield’s long term
competitiveness and economic
prosperity.

2 3
Executive Summary
The Economic Strategy Strategic Approach
We have identified a planned
Progress towards Sheffield’s
economic vision The 2020 vision for Sheffield’s Economy is:
This strategy prioritises support
for the factors that drive growth
approach to achieving each
economic objective, responding
The strategy identifies a set of
economic measures to enable Sheffield is a strong, sustainable, international economy
in our economy and create the to the evidence and challenges effective monitoring of the
right conditions in the city for highlighted. This sets out the city’s economic performance driven by enterprise, innovation and knowledge. The city
direction and scope for our and progress towards the
long-term economic success.
It sets out the city’s economic
actions over the long term. It
highlights the critical success
2020 economic vision. The
performance framework identifies
is known for its distinctive and high performing sectors, its
priorities to 2020 and provides factors we need to consider to
meet our economic vision.
the core economic outcomes
and associated targets against
unrivalled quality of place and its highly skilled workforce.
a framework to guide activity, the economic vision (see table
resources and investment over Deliverables below).
that period. Under each economic objective
we have identified a number of These are underpinned by
A new framework key actions that will be developed, progress measures that relate to
We have set a new vision, and progressed or delivered by 2015. our six economic objectives. The
have identified six economic We will co-ordinate these actions measures enable us to compare
into an economic programme of performance against national
objectives for the city. Achieving
activity for the city. averages and the core cities, and
Our six economic objectives
these objectives will deliver
growth in the short and medium to identify if we are effecting the
term and will strengthen the city’s The actions set out are not to be changes we want to see in the built on Sheffield’s market leading businesses and strong local
economic foundations, improving seen as a static list or inclusive economy. (See Appendix A1). Distinctive and
supply chains that will drive growth and innovation to transform the
Sheffield’s long term economic of all activities undertaken by High Performing Sectors
city’s long term competitiveness
competitiveness (see page5). city partners. We will continue
to develop new projects as the
For each of our economic economy develops and new
with a productive, competitive and growing business base that
objectives the strategy highlights opportunities arise. A Dymanic
harnesses the energy and potential of our SMEs and creates a
the key challenges, strategic Private Sector
strong pipeline of new businesses
approach and a number
of actions to be delivered
(summarised in the following table A Skilled and that sets Sheffield apart from other cities, underpinned by a
on page 6). Productive business focused skills system that provides the skills that the
Workforce economy needs to grow

2020 Economic Vision Core economic Current 2020 Future Proof that delivers critical connectivity, development and sustainability to
outcomes Performance Target
Infrastructure support economic growth
Improved overall 241 / 3792 Top 175
Sheffield will be a strong,
City Competitiveness
sustainable, international
economy driven by Increased GVA £17,752 £20,200
that supports people to achieve their full potential and take part in
enterprise, innovation and per head An Inclusive Economy
knowledge. The city will be the economic and cultural life of the city
known for its distinctive and More private sector 20% 23.5%
high performing sectors, knowledge jobs
its unrivalled quality of Higher gross annual £24,328 £27,600 that showcases the city’s vibrant culture, creativity and energy,
place and its highly skilled wages A High Profile
workforce. promoting Sheffield and the wider city region as a great place to
City Brand
Improved 64.1% 67.9% live, work, invest and visit
employment rate

2 Taken from Professor Huggins UK City Competitiveness index

4 5
Executive Summary
Strategy Overview. Six economic objectives,
strategic approach and key actions.

Our six A Skilled and


Distinctive and High A Dynamic Future Proof An Inclusive A High Profile City
Economic Productive
Objectives Performing Sectors Private Sector Infrastructure Economy Brand
Workforce

- Making Sheffield an
- Delivering a fit for
- Realising the growth enterprising and business
purpose 21st century city - Maximising the impact of
potential of GVA driving friendly city - Improving educational - Promoting fairness and
centre the Sheffield Brand
sectors - Harnessing the energy attainment equality
- Unlocking the investment - Unlocking the economic
-Promoting our USPs and and potential of our SMEs - Upskilling the current - Connecting people to
potential of the Sheffield- value of culture
Strategic sector strengths - Accelerating the growth workforce Rotherham Don Valley training and jobs
Approach potential of our high - Growing the city’s major
- Driving innovation, - Developing a business - Ensuring Sheffield is well - Tackling the route causes
performing businesses events programme
collaboration and supply focused skills system connected of poverty
chain interactions - Supporting the city’s - Enhancing the city’s
- Cultivating and utilising - Building a sustainable, - Building a resilient local
large employers reputation for doing
- Championing game- high level skills low carbon city economy
business
changing initiatives - Attracting businesses to
- Facilitating development
locate and grow in the city

- Business Friendly City


- Sheffield’s Local Plan - Deliver Sheffield’s
- Encouraging Enterprise - Extend the Made in - City Centre Masterplan Employment Strategy
- Develop and implement - Sheffield Business Sheffield Curriculum (NRQ, Moor Markets, St - Sheffield City Council’s
sector growth strategies Growth Programme - Introduce Univeristy Pauls Place) employablity programme
- The Sheffield City - Develop an open- Technical College - 2015 Marketing Plan
- Sheffield-Rotherham Don - Sheffield 100
Region Enterprise Zone innovation culture education - Tourism Business
Valley Masterplan apprenticeship
- Innovation Centre for - Digital technologies for - Launch the AMRC Improvment District - Early
- Fast, efficient and programme
Healthcare Technologies business growth Training Centre Adopter
sustainable public - Improving financial
- Academic Health - Strengthening leadership - Develop Skills Made transport - Destination Management
Key Actions to capability
Science Network and management skills Easy Plan
2015 -Streets Ahead PFI - Early years development
- National Centre for Sport - International trade - Establish the SCR - Major Events Programme
- Maximising the benefits and educational
and Exercise Medicine - Green efficient Skills and Employment - Conference Ambassor
of HS2 attainment
- Digital Innovation businesses Partnership Programme
- City wide flood - The living wage
- NAMRC Centre for - Access to finance - RISE, improving management - Unlocking the economic
graduate utilisation in our - Supporting social
Procurement - Championing the next value of culture
SMEs - Local energy generation enterprise
- Green Automotive generation of leading and distribution networks
- University and business - Connecting local
Technologies businesses
collaboration - Digital Region businesses to
- Attracting businesses to - Green Deal procurement opportunities
locate and grow

6 7
Executive Summary
Our vision is forward looking and 1. Unrivalled quality of place 3. Low Carbon Industries 6. Advanced Manufacturing 8. University Technical College 10. Sheffield City Region
Sheffield offers an exceptional Across Sheffield City Region, Businesses in this sector serve (UTC) Combined Authority
ambitious, just like our city. The
quality of life, vibrant culture, this sector comprises over many international markets. 2013 will see the doors open The Sheffield City Region
20 things below are all happening outstanding open spaces, 300 companies, employing They have specialist and to the city’s new UTC. Focusing Local Enterprise Partnership
in Sheffield now (and there are relatively low cost living. The approximately 10,000 people, multi-disciplinary expertise on Advanced Engineering and (LEP) is known as one of the
plenty more). Imagine where we city is home to energetic and and contributing £570 million in areas including advanced Manufacturing and Creative, strongest LEPs in the country.
inventive businesses and in GVA. Our potential in casting, forging, machining, Digital and Media industries We are working to establish
will be in 2020. universities, innovative thinking this area is enhanced by joining, coating and fabrication the college represents an a SCR Combined Authority to
and a skilled workforce and our expertise in advanced of special steel, nickel and innovative new step for enable the city region to take
economic infrastructure that manufacturing where there titanium alloy products - education in Sheffield. advantage of more devolution
supports success. are specific opportunities to providing unique engineered and shape its economic future
develop new products that solutions where high levels 9. Creative and Digital locally.
2. Cultural assets that bring form part of the supply chains of precision, quality and Industries
vibrancy to the city region for sub-sectors like nuclear, reliability are paramount, Sheffield has a developing 11. National Centre for Sports
Sheffield is home to the wind and tidal power and and supply demanding cluster of creative and digital and Exercise Medicine
largest theatre complex geothermal. international markets such companies, characterised Sheffield has been highlighted
outside London, large as aerospace and defence, by an abundance of high as one of three network hubs
performance venues (City 4. Streets Ahead power generation and supply, performing home-grown that will form the National
Hall and Sheffield Arena) and Over the next five years automotive, medical and oil businesses, micro start-ups Centre for Sports and Exercise
high quality sport and leisure Sheffield’s roads will be and gas. The manufacturing and freelancers, combined Medicine - an Olympic Legacy
assets including international transformed into some of the industry in Sheffield City with key inward investment Project. This project will
competition standard best roads in the UK, through Region employs over 82,000 from international market invest £10million to develop
swimming and driving facilities a £2billion programme of people and contributes £3.5 leaders. A vibrant CDI sector revolutionary exercise/medical
at Ponds Forge and the investment. billion to GVA. is crucial to the creativity and facilities and support an
English Institute of Sport. The cultural diversity of the city. ongoing £5million programme
city boasts a diverse range of 5. Two world class Universities 7. Major Events It has a positive impact on to improve health through
museums and galleries and The University of Sheffield and We have developed high the city’s image and boosts exercise.
the Showroom Workstation Sheffield Hallam University - profile, high content events related industries in culture,
complex which includes one are a source of competitive and festivals such as MADE, tourism and leisure. Our CDI
of the largest independent advantage for Sheffield City Global Manufacturing Festival, industry is one of the highest
cinemas in Europe. These Region’s knowledge economy Doc/Fest, Off the Shelf, value sectors in Sheffield
assets attracted over 200,000 and are an integral part of the Tramlines, the Food Festival (measured by GVA per job of
visitors last year which city’s economic infrastructure. and Galvanize. All command £53,00 GVA) and is set to grow
generated circa £100million audiences in the thousands significantly by 2020 in both
for the local economy. They contribute to the growth and attract visitors from across GVA and employment.
and competitiveness of the the UK and internationally.
city through the creation
and transfer of knowledge
– producing world class
research that attracts
investment, leading edge
scientific and technological
development to drive
innovation and quality
graduates to bring fresh talent
to the city’s businesses.

8 9
Executive Summary

Our vision
12. Enterprise Zone 15. 100 years of Stainless Steel 17. Regional Growth Fund
We negotiated with Sheffield’s Harry Brearley In partnership with Sheffield
Government to secure is credited with the City Region we have recently
Enterprise Zone status for invention of stainless steel secured £25million to invest in

is forward
key sites across the city in 1913, transforming the our local businesses. Our first
region, including at the manufacturing industry. call for investment proposals
Advanced Manufacturing The city is celebrating the identified 150 great projects,
Park, Sheffield Business centenary with a year long showing the calibre of the
Park and Outokumpu, all programme of events, city’s SMEs.

looking
strategically important including two exhibitions;
business employment sites for Rustless and Designed to 18. City Deal on Skills
Sheffield. We are one of only Shine. Sheffield’s City Deal secured
a few cities to have Enhanced the biggest devolution in skills
Capital Allowances, which act 16. Growing knowledge funding of any other city (over

and
as a significant incentive for services £25million), to support the
investment in the area. Sheffield has seen an creation of ‘Skills Made Easy’
expansion in its knowledge a new skills initiative that will
13. Export led growth economy, particularly the support businesses to take on
Exports to growing markets business, professional and apprentices and up-skill their

ambitious,
like the MIddle East, Asia financial services sector. For workforce. By 2015 we will
and South America have example, Sheffield is currently deliver 4000 apprenticeships
been expanding by 10% home to blue chip companies and 2000 up-skilling
year on year. This shows (Aviva, Capita Group, Virgin opportunities.
the international nature Media, BT, DSGI, PWC, HSBC,

just like
of our business and is a Sky, HBOS and Carillion) and 19. Sheffield City Region
future source of growth and a growing number of national Investment Fund
resilience. and local companies with We are leading work with
international reach (Bond the Sheffield City Region to
14. Healthcare Technologies Bryan, Lambert Smith & establish the Sheffield City

our city.
Sheffield City Region is at the Hampton, Barber Harrison Region Investment Fund. This
forefront of developments Platt, BDO, Grant Thornton). will create a single investment
in user-centred healthcare These companies have shared pot – made up of a variety of
solutions. Our strengths in service centres, contact local and nationally sourced
research and development, centres and business process funds to enable strategic
human-centred design, outsourcing centres, across economic investments that will
rapid prototyping, precision a range of specialisms in unlock future growth.
manufacturing and assistive Sheffield including sales and
technologies, and our customer services, pensions 20. Talent
businesses’ ability to and life administration, Our city is full of interesting
produce, quality assure and accountancy and finance businesses going interesting
distribute new products, make and IT development and places, and bright new talent
Sheffield City Region one service support. There is – entrepreneurs, apprentices
of the premier locations for also a strong legal sector and graduates. As we
healthcare technology. within the city, with many firms continue to improve our skills
operating at an international base, the city’s talent will
level including DLA Piper, become a key differentiator for
Irwin Mitchell, Hill Dickinson, the city, drawing people and
HLW Keeble Hawson, Taylor businesses into Sheffield from
& Emmet LLP, Nabarro and across the world.
Kennedys.

10 11
Bigger Economy Sheffield’s Economic Strategy

Better Business
Faster Growth
1 2020 Economic Vision

1.1 Introduction
1.2 Economic Vision

2 The Case for Refreshing Sheffield’s Economic Priorities

3 The Scale of the Challenge

3.1 Key Challenges for Growing Sheffield’s Economy



4 A Strategy for Economic Growth

4.1 Framework for the Strategy


4.2 Strong Economic Leadership and Governance
4.3 New Financial Tools for Growth
4.4 Effective Partnerships

5 Delivering Sheffield’s Economic Objectives

5.1 Distinctive and High Performing Sectors


5.2 A Dynamic Private Sector
5.3 A Skilled and Productive Workforce
5.4 Future Proof Infrastructure
5.5 An Inclusive Economy
5.6 A High Profile City Brand

contents
6 Delivering the strategy

6.1 Sheffield’s Economic Programme


6.2 Progress measures

Appendix A

A1 Performance Framework
A2 Sheffield’s Prosperity Gap
A3 Key Economic Challenges
A4 Future Trends

12 13
1 2020 2020 Economic Vision

Economic 1.1 Introduction


Sheffield is a creative, inventive
and energetic city. It is one of the
1.2 The 2020 vision for
Sheffield’s Economy

Sheffield is a strong,
Vision
UK’s major city economies with
internationally recognised, leading
edge talents in manufacturing,
engineering and design. The sustainable, international
economy driven by
city’s authentic and independent
character is reflected in an
1.1 Introduction

enterprise, innovation and


aptitude for generating bright
1.2 Economic Vision ideas, an inquisitive and innovative
spirit, and a deserved reputation
for getting things done.
knowledge. The city is
Sheffield is the core city at the
heart of the Sheffield City Region known for its distinctive and
high performing sectors, its
and is committed to being a
driving force of growth across the
wider economic area. The city’s
economic geography stretches
across Barnsley, Bassetlaw, unrivalled quality of place and
Bolsover, Chesterfield, Doncaster,
Derbyshire Dales, North East
Derbyshire and Rotherham,
its highly skilled workforce.
through its workforce and supply
chains.

14 15
2 The case for The case for refreshing Sheffield’s
economic priorities
refreshing 2.1 Refresh 2.2 Recession

Sheffield’s

Refocus to drive growth


The first Sheffield Economic It was less than a year after the
Masterplan was published in Masterplan’s publication that
2008 and set out an ambitious the financial crisis halted UK
programme of change for the growth, pushing the economy

economic
city. It was predicated on over 10 into a deep recession. The
years of unbroken growth, which economic, political and financial
had seen Sheffield’s economy landscape has now changed
make the transition from a significantly and the national
struggling post industrial city to a economy is unlikely to return to

priorities
modern, diversified and growing pre recession levels of growth
economy. The period 2000-2005 for some time. The last few years
saw transformational growth have been about withstanding
in the city with the expansion recession and making progress
of private sector knowledge in tough economic conditions,
services particularly the business, which remain challenging
professional and financial service today - a struggling global
2.1 Refresh
sector. economy, less public and private
2.2 Recession money available and higher
2.3 Refocus Based on this economic trajectory unemployment.
the 2008 Masterplan majored
on making the changes in the 2.3 Refocus
economy which would enable
Yet major opportunities exist
this growth to continue – focusing
and the city must position itself
on removing potential breaks
to take full advantage of them.
on growth such as congestion,
This strategy sets out to do
lack of office space, insufficient
exactly that; it will refresh the
energy supplies and lack of
2008 Masterplan, keeping its
executive housing.
ambition yet refocuses its strategy
towards economic interventions
The strategy was less focused
that will drive economic growth
on economic interventions that
in the short and medium term,
would drive growth, as economic
whilst continuing to strengthen
forecasts and expectations were
the city’s economic foundations
that the powerful growth trajectory
to secure Sheffield’s long term
the city and indeed the UK was
competitiveness and economic
experiencing would continue.
prosperity.

16 17
3 The scale of the The scale of the challenge

challenge 3.1 A Strong Economy


Over the last 20 years
substantial improvement has
been made across a range
• Strengthening the private
sector economy will require
a pipeline of new businesses
and more high performing and
of economic indicators: high value businesses. The
3.1 A Stronger Economy gross value added (GVA) has overall competitiveness and
increased; employment and productivity of the existing
3.2 Key Challenges for Growing Sheffield’s Economy business base will also need to
skills levels have improved;
and the city has expanded improve. This is at the heart of
into knowledge and high value the city’s economic challenge
sectors. Over the course of for 2020. A final push to further
the recession Sheffield has commercialise the economy
tracked the UK trend on output and anchor it in the dynamism

economic potential
and unemployment, showing and energy that a strong
that Sheffield’s economy has private sector can bring will see
improved in resilience and Sheffield’s economic potential
strength. The look and feel unlocked.
of the city, and its quality of
life and place has never been • The strength and productivity
stronger. However, Sheffield is of our sectors is below national
not yet fulfilling its economic average, therefore we need
potential. to improve the productivity of
the sectoral base and secure
growth in knowledge and high
3.2 Key challenges for value sectors.
growing Sheffield’s economy
• Sheffield’s skills base is
A prosperity gap of £1.6billion2 improving, however continuous
persists in comparison to the improvement is needed if skills
national average. This represents are to be a future differentiator
the difference between what for the city’s economy.
the Sheffield economy does Continuous improvement in
produce and what it could skills is needed if Sheffield
produce. Economic analysis (see is to compete with the best
appendix A2) points to a clear UK and European cities.
set of evidence-based priorities Furthermore the power of this
for closing this prosperity gap talent must be integrated into
and improving the long term the business base to stimulate
competitiveness of the economy: growth in knowledge based
sectors and deliver long term
• The city experienced a period competitiveness.
of strong private sector
expansion from 2000-2005. • A significant number of
However, since 2005 job growth economically inactive people
has been too heavily reliant remain outside of the labour
on the public sector. Sheffield market in Sheffield. To improve
needs to strengthen its private prosperity and equality in the
sector and rebalance growth so city, local people must have
that both Sheffield’s public and the opportunity to connect
private sector are productive, with economic growth and see
strong and growing. the benefits in more jobs and
improved incomes.

2 latest analysis available (2009) and shows that Sheffield’s GVA stands at £9.578 billion against its ‘potential
prosperity’, GVA of £11.212 billion, giving a prosperity gap of £1.63 billion.

18 19
4 A strategy for A strategy for economic growth

economic growth 4.1 Framework for the strategy


This strategy is focused on
securing a bigger economy, better
businesses and faster private
To deliver these outcomes we will
need to tackle the city’s economic
challenges by focusing our efforts
and actions on the six objectives
4.1 Framework for the Strategy sector growth to achieve the below. These objectives form the
city’s vision and core economic framework for this strategy.
4.2 Strong Economic Leadership and Governance
outcomes:
4.3 New Financial Tools for Growth Achieving these objectives
• Improved city competitiveness
4.4 Effective Partnerships will not only deliver growth in
• Increased gross value added
the short and medium term it
(GVA) per head
will also strengthen the city’s
• More private sector

bigger, better, faster


economic foundations, improving
knowledge jobs
Sheffield’s long term economic
• Higher gross annual wages
competitiveness.
• Improved employment rate.
To meet our economic objectives
These core economic outcomes
we will harness strong economic
represent the impact we want to
leadership and governance, new
see in Sheffield’s economy and for
financial tools for growth and
our business and people.
effective partnerships.

Fig.1 Six economic objectives


built on Sheffield’s market leading businesses and
Distinctive and
strong local supply chains that will drive growth
High Performing
and innovation to transform the city’s long term
Sectors
competitiveness

with a productive, competitive and growing


A Dymanic business base that harnesses the energy and
Private Sector potential of our SMEs and creates a strong
pipeline of new businesses

that sets Sheffield apart from other cities,


A Skilled and
underpinned by a business focused skills system
Productive
that provides the skills that the economy needs to
Workforce
grow

Future Proof that delivers critical connectivity, development and


Infrastructure sustainability to support economic growth

that supports people to achieve their full potential


An Inclusive
and take part in the economic and cultural life of
Economy
the city

showcases the city’s vibrant culture, creativity and


A High Profile energy, promoting Sheffield and the wider city
City Brand region as a great place to live, work, invest and
visit

20 21
A strategy for economic growth
4.2 Strong Economic Leadership Lower Don Valley and Waverley Barnsley: Growing economy; creating an Dearne Valley: has undergone recent 4.3 New financial tools for growth 4.4 Effective partnerships
Advanced Manufacturing Park: an M1 economic corridor, thriving town centre
and Governance important employment area, focused on and outstanding cultural heritage
major transformation, providing jobs,
training and education through its The challenging economic Highly effective partnerships have
advanced manufacturing, with sports and environmental vision. The area includes conditions and tighter public been central to the production
To meet our ambitious economic leisure complexes (including Meadowhall). Enterprise Zone sites. sector finance demands the of this strategy and will be
vision and objectives, Sheffield The area includes Enterprise Zone sites.
and the wider city region needs ability to make critical investment critical to its implementation. By
Doncaster: a high-quality urban
fit-for-purpose governance Sheffield: the 4th largest city in England, centre, attractive retail opportunities decisions based on a clear set of working together, the potential of
and a major centre of engineering, and excellent rail links, that contribute economic priorities (outlined in organisations across Sheffield to
arrangements that are ready to creative and digital industries,
meet the challenge of devolution. to its multimodal logistics offer. this strategy) to achieve our vision deliver change and achieve the
with a wide variety of culture
Over recent months Sheffield and retail facilities. and deliver the outcomes we economic vision is strengthened.
Rotherham: developing strengths in
and the wider city region have want for the city’s businesses and
new economic sectors, as part
demonstrated to Government, Chesterfield: One of the of SCR’s wider regeneration residents. Whilst Creative Sheffield will
region’s key market towns take overall responsibility for
through the Sheffield City agenda, with a specialism in
and the sub-regional economic
Deal and the Enterprise Zone centre for northern Derbyshire,
advanced manufacturing. Whilst real financial pressures implementation and monitoring
negotiations that we are an with a high quality urban core and exist, the Government is beginning of the strategy, responsibility for
Robin Hood Airport
ambitious, forward thinking and opportunities for further growth in to devolve more powers and delivery of the priority actions sits
Doncaster Sheffield:
the A61 and Staveley corridors. finance for delivery and greater across a number of partners in the
capable city region. The SCR LEP provides an international
is known as one of the strongest gateway and attracts aero flexibilities at city and city region city including the private sector,
North East Derbyshire:
LEPs in the country and the speed a rural area, with the
related employment and level. The European Regional the Sheffield Executive Board,
training Development Funds and transport the Sheffield City Region Local
at which local authority leaders population concentrated
are working towards Combined in the four towns, investment funds continue Enterprise Partnership, Sheffield
with the potential Retford: benefits from
Authority status is a clear sign that access to the national to provide opportunities for Hallam University, the University
for growth along the
Sheffield City Region is serious A61. railway network and investment. In addition, a number Of Sheffield, Sheffield Chamber of
about shaping its economic future strong economic links to of new funding opportunities to Commerce, The Sheffield College,
Peak District National Nottingham, Lincoln and Newark. support growth in the economy Sheffield Culture Consortium,
locally.
Park: an important tourist have been introduced, including government departments, other
attraction with more than Regional Growth Fund and public sector agencies, and
In developing this strategy we Worksop: a town developing a diverse
10 million visitors a year,
have worked closely with Sheffield contributing to a significant
economic base, with a number of key Growing Places, along with new voluntary and community sector
visitor attractions such as Clumber Park financial instruments such as New representatives.
City Region (SCR) partners, visitor offer, within the SCR.
and Sherwood Forest.
to prioritise a range of actions Development Deal and Community
Derbyshire Dales: includes Markham Vale: an area recently Infrastructure Levy.
that will be delivered through much of the Peak District developed with plans to establish
partnership working at SCR, as National Park, providing the area with itself as a major employment hub,
well as things that we will progress a high quality of life, thriving small Bolsover: a rural area with the need
supporting activity elsewhere in
To maximise the impact of these
businesses and attractive market towns and ability to accommodate significant new funding streams and lever
as a city. economic growth in key settlements taking
the City Region. The area includes
with opportunities for growth. Enterprise Zone Sites. in further devolved funds, we are
advantage of access to the M1
Sheffield is the core city at the working at Sheffield City Region
heart of the Sheffield City Region level to establish the Sheffield
and is committed to being a This relies on ambition, strong City Region Investment Fund. This
driving force for growth across commitment and economic will create a single investment
of the wider economic area. As
the city’s economic geography
When it makes economic sense leadership from the city’s leaders
and the private sector to influence
pot to fund strategic economic
investments that will unlock future
stretches across Barnsley, to do so, where there are shared and support the SCR agenda.
This is a commitment we have
growth.

interests, more effective delivery


Bassetlaw, Bolsover, Chesterfield,
Doncaster, Derbyshire Dales, harnessed over a long history of

and more successful economic


North East Derbyshire and collaborative working to deliver
Rotherham, through its workforce the best opportunities for growth.
and supply chains. The economic
prosperity of Sheffield and the outcomes we will not hesitate We need to move forward together
with speed and determination,
wider city region is of critical
importance to secure long term to lead work on behalf of and in taking advantage of the range of
new policies and funds designed
competiveness and sustainable
economic growth.
partnership with the SCR. to support businesses and boost
the UK economy.

22 23
5 Six A strategy for economic growth

economic How the strategy is set out


For each of our identified Priority Actions - The actions set

objectives

our economic objectives


economic objectives we have out in the strategy highlight the
articulated our key challenges, city wide initiatives which will be
our strategic approach to tackling delivered or progressed to 2015.
these issues and a number of We will co-ordinate these actions
actions to be delivered. into an economic programme of
activity for the city.
The Challenge - For each objective
5.1 Distinctive and High Performing Sectors we give an overview of the key The actions set out are not a static
5.2 A Dynamic Private Sector challenges and evidence. We list or inclusive of all activities
highlight areas for improvement undertaken by city partners.
5.3 A Skilled and Productive Workforce We will continue to develop new
and the main barriers to success.
5.4 Future Proof Infrastructure projects in line with the economic
5.5 An Inclusive Economy Strategic Approach - In this objectives and strategic approach
section we develop a planned set out in this document to
5.6 A High Profile City Brand respond to the ever changing
approach to achieving each
economic objective, responding economic context and new
to the evidence and challenges opportunities that arise.
highlighted. It sets out the
direction and scope for our actions The priority actions will be
over the long term. It highlights the refreshed in 2015 to form
critical success factors we need a second phase economic
to consider to meet our economic programme 2015-2020.
vision.

Fig. 2 Six economic objectives


built on Sheffield’s market leading businesses and
Distinctive and
strong local supply chains that will drive growth
High Performing
and innovation to transform the city’s long term
Sectors
competitiveness

with a productive, competitive and growing


A Dymanic business base that harnesses the energy and
Private Sector potential of our SMEs and creates a strong
pipeline of new businesses

that sets Sheffield apart from other cities,


A Skilled and
underpinned by a business focused skills system
Productive
that provides the skills that the economy needs to
Workforce
grow

Future Proof that delivers critical connectivity, development and


Infrastructure sustainability to support economic growth

that supports people to achieve their full potential


An Inclusive
and take part in the economic and cultural life of
Economy
the city

showcases the city’s vibrant culture, creativity and


A High Profile energy, promoting Sheffield and the wider city
City Brand region as a great place to live, work, invest and
visit

24 25
5.1 Distinctive and High Performing Sectors The Challenge
Economic Objective: The Challenge3 Within this diversification we need The city has an opportunity We also recognise that there are There are also underpinning
Distinctive and high performing Pre-recession Sheffield’s job to maximise the potential of the to increase productivity and other sectors that will drive job ‘support’ sectors that have a
growth benefitted from the knowledge economy in Sheffield. economic value by realising the growth in the economy. The graph critical role in the economy. These
sectors built on Sheffield’s expansion of the public sector Currently Sheffield has fewer growth potential of GVA driving below charts employment growth tend to be the largest employment
market leading businesses and and a significant amount of businesses in higher value, higher sectors such as manufacturing, forecasts in key sectors across sectors and do generate
strong local supply chains that jobs were created (over half) in skilled sectors than other major creative and digital industries, the economy to 2020. It highlights significant GVA - they are retail,
the health, education or public UK cities, which will suppress the healthcare technologies andlow that ‘GVA drivers’ are not large construction, other services
will drive growth and innovation administration sector. Looking to level of GVA being produced in carbon industries. These are also job generators and so we must (wholesale and real estate) and
to transform the city’s long term 2020 the city needs to improve its Sheffield. sectors where Sheffield and the also seek to maximise the the public sector. They provide the
competitiveness. economic resilience, diversifying wider city region has distinctive growth potential of the business, infrastructure, support services
and rebalancing growth across a capabilities and key assets which professional and financial and and supply chains that the
broader range of sectors. we need to harness. Promoting services, tourism, leisure and economy needs to function. Whilst
and supporting growth in these sport, transport and logistics these sectors contribute to GVA
sectors will help to improve sectors as drivers of future jobs and job growth at a lower rate,
the productivy of our economy – all these sectors are forecast they remain a large and important
Fig.3 Identifying GVA drivers - GVA per job and boost demand for other to grow in employment terms by part of the future economy.
knowledge intensive sectors in the more than 18% by 2020.
supply chain.

Fig.5 Sector roles in the economy

Fig.4 Identifying Job drivers - Employment forecasts to 2020

Large
GVA drivers Job Drivers The diagram shows the
Employers different roles these
sectors play in the
economy.
Business,
Manufacturing Professional and The size of the bubble
Retail
Financial Services highlights the current
Creative and Digital
size of the sector in
Industries terms of employment.
Tourism, Leisure and
Sports Public Sector The larger green bubbles
Low Carbon Industries represent the support
sectors, the blue bubbles
are the job drivers and
Transport and
Healthcare Logistics Construction the red bubbles are GVA
Technologies drivers.
3 Please note that all data is based on SCR geography reflecting the natural economic geography of our sectors.

26 27
5.1 Distinctive and High Performing Sectors Strategic Approach
Strategic Approach Realising the growth potential Promoting our USPs and sector Driving innovation, collaboration Championing game-changing
We recognise the different
economic roles and functions
of GVA driving sectors
We will seek to drive up GVA driving strengths
We know that most major cities
and supply chain interactions
We believe that the synergy
sector initiatives
We see ‘game changing
different sectors fulfil and the
interactions and supply chain
productivity and improve our
performance in the knowledge sectors drive are pursuing growth in key sectors
and so our approach will focus on
and collaboration between our
distinctive and high performing
initiatives’ as strategic investment
opportunities that are of
linkages between them. We will
focus on realising the growth
economy by supporting and
promoting our distinctive GVA demand and showcasing Sheffield’s distinctive
strengths that differentiate our
sectors differentiates us from
many other places. The city
significant size and scale to
accelerate growth locally, and
potential of our GVA driving
sectors. We will maximise the
driving sectors. Although ‘GVA
drivers’ are not mass direct job stimulate offer from other cities and highlight
where we have a competitive
region’s strength in innovation,
design, digital technologies
improve Sheffield’s global position
and profile in our key sectors.
growth potential within our job
driving sectors and put in place
creators, the CDI sector and low
carbon industries will generate supply chain edge. and precision manufacturing
underpins all our sectors – and
Sheffield City Region has a great
track record to developing and
the wider economic conditions
that will help our support sector to
significant jobs up to 2020, and
by their nature these four high linkages Our distinctiveness comes from
our market leading sector shaping
this cross fertilisation drives our
competitive advantage.
delivering initiatives of this scale;
The Advanced Manufacturing Park
flourish. value sectors drive demand and
stimulate supply chain linkages throughout businesses, and strong supply
chains and networks that reach The collaborative model at
is a world class example, which
has attracted many world-leading
We will work across the city
region boundaries, recognising
throughout the rest of the
economy, particularly BPFS and the economy. across Sheffield City Region. The
city also has key ‘attractors’ that
the heart of the Advanced
Manufacturing Park and the
manufacturing and engineering
companies and enabled the city
that businesses in these sectors transport and logistics. act as a magnet to draw people University of Sheffield’s Advanced region to secure major investment
are clustered across the wider into our city region, for example Manufacturing Research Centre in world leading research and
city region. We will engage with the Advanced Manufacturing Park, with Boeing is recognised as development facilities.
existing networks and support the city centre and its cultural and world class. The public sector,
the Local Enterprise Partnership Fig.6 GVA driving sectors stimulate growth retail offer, Meadowhall and our business and university expertise More recently the Sheffield City
sector groups. We will work two universities – The University have worked in partnership to Region has secured Enterprise
collaboratively with businesses, of Sheffield and Sheffield Hallam create an unrivalled asset for the Zone status, for key sites across
universities and the public sector University. Sheffield City Region and the UK, Markham Vale, the Sheffield
• Retail
to identify the key strategic • Public Sector translating theoretical research –Rotherham Don Valley and
initiatives and underpinning • Construction We will work with SCR LEP sector and academic expertise into a Barnsley Junction 36, to form
support that will accelerate growth Support groups to develop sector profiles competitive, commercial edge, a a Modern Manufacturing and
and deliver our core objectives for Sectors and key mechanisms that will proposition which attracts global Technology growth area.
each sector. Large promote our distinctive and high companies into Sheffield.
Employers performing sector across the
Our approach focuses on: world. We will grow activities We will deepen our collaboration
• Realising the growth potential such as the Global Manufacturing and identify key actions which
of GVA driving sectors Festival and MADE, Doc/Fest will enable us to cross-fertilise
to showcase the city region’s the underpinning capabilities and
• Promoting our USPs and sector Job Drivers capabilities internationally. Working technologies of our high value
strengths
with the LEP we will develop sectors. This will provide fertile
• Driving innovation, a proactive inward investment ground, opening opportunities in
• Business, Professional
collaboration and supply chain and Financial Services sector strategy to leverage our new markets across key sectors,
interactions • Tourism, Leisure and sector strengths and bring in new including nuclear technology,
• Championing game-changing Sports GVA Drivers
• Transport and Logistics investment. healthcare technology, creative
sector initiatives and digital industries and
• Manufacturing renewable energy.
• Creative and Digital
Industries
• Low Carbon Industries
• Healthcare Technologies

Innovation, design, digital technologies and


precision engineering underpin our sector
28 29
5.1 Distinctive and High Performing Sectors Key Actions 2015
Distinctive and high performing 3. Innovation Centre for 5. The Sheffield City Region 6. Digital Innovation 7. NAMRC Centre for 8. Green Automotive
Healthcare Technologies Enterprise Zone Led by our leading private Procurement Technologies – The Proving
sectors - Key action to 2015
Led by the city’s universities, The Enterprise Zone will sector entrepreneurs, we We are seeking to develop Factory
key healthcare institutions and accelerate the development are working to create ‘Cloud a National Centre for The Proving Factory is a
1. Develop and implement
leading companies we will work of modern manufacturing City Sheffield’, which has the Procurement based around £22million manufacturing
sector growth strategies
to develop an Innovation Centre and technology businesses potential to make a dramatic Sheffield City Region’s Nuclear initiative between Tata and low-
We will work with the SCR
for Healthcare Technologies. in the Sheffield City Region, impact on the city region’s Advanced Manufacturing carbon vehicle engineering firm
LEP and the sector groups to
Building on the success of the already one of the largest economy. Cloud City Sheffield Research Centre. This will Productiv, to take low-carbon
develop and implement sector
growing medical technologies concentrations of advanced will make Sheffield City co-produce with Government vehicle technologies designed
strategies, which will accelerate
companies in the Sheffield engineering and manufacturing Region the laboratory in which a ‘roadmap’ for growing by small high-tech British
growth in our distinctive and
City Region and experience of in the UK. It will support growth new public sector solutions, the nuclear advanced companies and university
high performing sectors and
the Advanced Manufacturing in related technology based developed collaboratively with manufacturing supply chain. research departments
showcase our economic
Research Centre (AMRC), this sectors, including energy, private sector and academic Our aim is to boost growth in and prove their viability in
strengths and unique offer to
centre will enable companies environmental and low carbon expertise, are trialled to the emergent nuclear advanced production to increase their
the world.
to trial innovations. It will industries, creative and digital improve the effectiveness and manufacturing market in the UK chances of being adopted by
harness partnerships with industries and healthcare efficiency of public services. by linking demand for complex major motor manufacturers.
2. National Centre for Sports
expert institutions and NHS technologies. We will capitalise on the manufacturing products to It will take new automotive
and Exercise Medicine
Trusts, helping them to develop existing superfast broadband innovators in the advanced technologies through the
Sheffield has been highlighted The Sheffield Enterprise Zone
innovative healthcare solutions infrastructure in the sub-region manufacturing and nuclear industrialisation process
as one of three network is focused on the Lower Don
and bring them to market along with our land, power supply chain. We will work from prototype through to
hubs taking part in this major Valley near J33/34 of the M1. It
quickly and efficiently. and green energy resources, with Government and industry production, producing 10,000
Olympic Legacy initiative – The is the most central and largest
and look to lever major private from major multinationals like to 20,000 units a year per
National Sports and Exercise site of a number of connected
4. Academic Health Science sector investment to develop Rolls-Royce, Boeing, British product. The initiative gives
Medicine Centre of Excellence. sites in the city region, together
Network the next generation of green Aerospace, Westinghouse small companies access to the
The centre brings together comprising approximately
The Academic Health Science data centres needed to deliver and Areva, to city region resources and facilities needed
leading universities, hospitals 145 hectares. It includes
Network(AHSN) for Yorkshire the Government’s Cloud based manufacturers such as to develop manufacturing
and high profile partners development sites at Tinsley
and the Humber will create and Strategy. Sheffield Forgemasters, and processes without having to
to help tackle some of the Park, the Europa Link, the AMP/
harness a strong, purposeful a wide network of local and secure the large investments
country’s most serious health Waverley and Templeborough.
partnership between patients, national SMEs. necessary to do this
issues, including chronic long- All businesses will benefit from
health services, industry, individually.
term conditions, obesity and a simplified planning regime
and academia to achieve
musculoskeletal disorders. and superfast broadband,
a significant measureable
with key areas eligible for
improvement in the health and
Sheffield is to receive £10m enhanced capital allowances
wealth of the population. It aims
in funding to develop its own and business rate relief. By
to transform the quality and
centre of excellence and 2020 the zone is expected to
efficiency of health services in
to build facilities to bring create over 7,000 additional
the network through supporting
together research, education jobs in areas of the Sheffield-
the development, testing and
and NHS services. The Rotherham economic corridor
rapid adoption of effective
centre will aim to translate eligible for business rate relief,
service innovations whether
research into innovative and and over 8,400 jobs in the city
developed internally or outside
improved services that will region in total.
the NHS. This represents a
help transform the country’s
new opportunity to generate
health. The centre provides
growth by stimulating innovation
an excellent opportunity for
in partnership with medical
the city’s growing healthcare
technology, digital health,
technologies sector to bring
pharmaceutical and other
forward new innovations
commercial enterprises.
working in partnership with our
universities, education and NHS
services.

30 31
5.2 A Dynamic Private Sector Strategic Approach
Economic Objective The Challenge Strategic Approach Making Sheffield an enterprising Accelerating the growth
Building a bigger and better We know that in periods when the A strong, vibrant business sector and business friendly city potential of our high performing
A dynamic private sector with
business base is at the heart of SME business base is expanding, is vital to the economic growth of Our strategy is to make Sheffield businesses
a productive, competitive and the city’s economic challenge for jobs have followed. Whilst the city, generating wealth and an enterprising and business To maximise economic impact
growing business base that 2020. Sheffield’s business density job creation is not the primary prosperity for the people that live friendly city for all our businesses, we will offer bespoke and
harnesses the energy and is low compared to other UK cities, purpose of starting a business, it here. It brings money into the ensuring that businesses looking flexible support to accelerate
as is the overall productivity of our is a vital economic outcome that local economy through exports, to locate here or start up here growth in our high performing
potential of our SMEs and sectors and businesses, meaning flows from a dynamic and growing drives innovation and enterprise, have all the help they need and businesses with the greatest
creates a strong pipeline of new we lag behind other cities in terms business base. attracts new investment into that we put in place the things growth potential. This will involve
businesses of overall competitiveness. The Sheffield, creates new markets that they value; accessiblility, high working intensively with a small
sector profile of our business To reach the city’s economic and acts as a stimulus for quality and accessible business number of businesses. Our aim
base is under-represented in potential we need more entrepreneurial ambition in young support, excellent transport is to increase the number of high
‘knowledge’ sectors, particularly businesses and we need to people. infrastructure, a skilled and growth businesses in Sheffield
high value business services. increase the competitiveness productive workforce, unrivalled who can contribute significantly
and productivity of the existing Our approach focuses on: quality of place and a vibrant city to economic growth and support
Although the level of micro business base. This is at the heart offer. and champion the next generation
• Making Sheffield an
business start-ups (mainly sole of the city’s economic challenge of leading businesses in Sheffield.
enterprising and business
traders) in Sheffield has improved for 2020. A final push to further The business support landscape Showcasing these businesses will
friendly city
in recent years, too few of these commercialise the economy and has changed dramatically in help to inspire a new generation
businesses are growing beyond anchor it in the dynamism and • Accelerating the growth recent years, and although there of entrepreneurs and encourage
the VAT threshold4. This is energy that a strong private sector potential of our high performing is still support available nationally, the business community at large
compounded by the recession can bring will see Sheffield’s businesses it is not comprehensive. We will to drive up standards, productivity
which has seen start up numbers economic potential unlocked. • Supporting the city’s large take this opportunity to shape and competitiveness so Sheffield
falter, and survival rates fall. employers business support provision locally. businesses can succeed in global
Small and medium sized • Harnessing the energy and markets.
enterprises (SMEs) are the potential of our SMEs We will put in place a front door
foundation of Sheffield’s economy; • Attracting businesses to locate for any business looking for start
they make up the majority of and grow in the city up support, excellent advice,
the business base (99%) and guidance and signposting and
contribute around half of the access to council business facing
employment and turnover services. We believe that every
produced in the local economy. business should have a clear first
point of contact if they are looking
to access support.

Size No. firms % firms % jobs* %turnover*


Large 250 plus 125 1% 52% 49%

SME Less 250 15,975 99% 48% 51%

(subset) Less 50 15310 95% 34% 35%

*based on regional averages

Building a bigger and better business


base is at the heart of the city’s
4 2009 data – Based on start up analysis at sole trader, PAYE and VAT registration levels. economic challenge for 2020.
32 33
5.2 A Dynamic Private Sector Key Actions 2015
Supporting the city’s large Attracting businesses to locate A Dynamic Private Sector We will invest in an Enterprise 4. Develop an open – innovation
employers
Sheffield is home to a number
and grow in Sheffield
We will execute proactive inward We will Key Actions to 2015 Gateway which all business
can use to access all
culture
We will develop with the SCR
of internationally significant
large employers, although they
investment plans to attract
businesses to locate and grow champion 1. Business Friendly City
We are setting out a clear
aspects of business support,
including business-facing
LEP and key partners an
‘open innovation’ model to
represent only a small part of the
business base, they account for
in the city. We will also promote
the city’s complete offer as an
the next commitment – we will Council services such as
licensing, health and safety
drive innovative capacity in
our SMEs. This simply means
generation
demonstrate, through
over half of the city’s employment unrivalled quality of place - everything we do, that we want and planning, signposting to innovating in partnership,

of leading
and are hugely significant to excellent transport links, skilled businesses to succeed in nationally available provision involving and co-operating with
the Sheffield economy. We will workforce, choice of homes, Sheffield. and to local business advisors, people outside of the business

businesses in
work proactively with these open spaces, leisure and cultural mentoring support, access to – such as suppliers, customers,
businesses to ensure they remain facilities and a vibrant culture. We will continue to engage accountants, lawyers and other end users, universities, to co-
committed to Sheffield, supporting
them to grow and reinvest here Attracting businesses into Sheffield. We with the business community
through the city’s Business
professional and technical
experts.
develop and implement ideas.
This model can work well for
and assisting them with their
investment plans to ensure a
Sheffield from elsewhere brings
clear benefits in terms of jobs and will provide Advisory Panel and Business
Summits to ensure that the city We will deliver a package
SMEs as it is not dependant
on scale or large investments.
maximum impact for Sheffield and
the wide city region.
adds to the pipeline of businesses
in Sheffield. It can also enhance support to is listening and responding
to the needs of the business
of support to individuals
looking to start a business
Our approach will be to work
with the LEP to establish a

Harnessing the energy and


the city’s profile and assets and
create supply chain opportunities. accelerate community. We will do all
we can to move the city’s
including access to group
coaching workshops, support
‘collaborative community’ for
our SMEs to access and use
potential of our SMEs
We know that we have over 6,000
To maximise these benefits we
will adopt a targeted approach to growth in our infrastructure forward to meet
business needs, ensuring
with research and business
information, events on key
the developing open innovation
model to foster a culture of
businesses in Sheffield which
are of a critical size where we
attract inward investment projects
that can act as a catalyst for ambitious that transport improvements business topics, drop-
in sessions with advisors
continual improvement and
invention in our business base.
and
and appropriate office space
estimate there is the potential local growth by unlocking sector is available. We will cultivate and business experts and
5. Digital Technologies for

innovative
to achieve sustainable growth, opportunities or strengthening our a highly competitive and mentoring support.
create jobs and strengthen the leadership position and bringing business growth
enabling planning regime
Digital technologies can be a
businesses.
business base. These businesses in new businesses with a genuine through a ‘can do’ approach to 3. Sheffield Business Growth
can be in any sector and fit with the city’s supply chains, Programme powerful growth tool for any
processing applications quickly
include vibrant social enterprise sectors and skills offer. We will work with 1,000 SMEs business, providing access to
and smoothly.
businesses that play a key part of with the potential to achieve new markets, new customers
the city’s business base. sustainable growth by 2015 and improving the efficiency of
2. Encouraging Enterprise
Fig. 7 Harnessing the growth potential of SMEs We will continue to work in to build their capacity and the business. In 2013 we will
To realise this growth we will capability to take advantage of help 100 SMEs to utilise digital
partnership to transform
build the broader capacity and future growth opportunities. technologies to transform
enterprise education so that
capabilities SMEs need to help their business by investing in
starting, running and growing a
them grow. Evidence highlights The programme will provide support that helps businesses
business is a compelling option
that there are common issues SMEs with experienced identify and implement the
for any young person from any
SMEs face which can prevent business account managers optimal IT solutions for their
background. We will translate
or slow a business’s growth who will work with businesses businesses, delivering bottom
this into improved start up
potential. We will develop and to understand their ambitions, line results.
performance by inspiring
deliver a range of support young people to look beyond pressures, and the barriers From 2014 we will seek to
packages for SMEs, focused on self-employment, convincing they might be facing. It will secure further investment to
removing these barriers to SME them that they can turn their draw in support from business support the application of
growth, and giving businesses the good ideas into innovative mentors, and coordinate digital technologies in SMEs
tools they need to become more products and grow successful access to accountants, lawyers through the new European
productive and competitive. (see businesses. and other professional and funding programme.
diagram below) technical experts, to provide
support in finance, international
trade, product development,
innovation, leadership
and management, human
resources and skills.

34 35
5.2 A Dynamic Private Sector Key Actions 2015
6. Strengthening leadership 8. International trade 9. Access to finance 10. Green efficient businesses We will look for new We will also continue to
and management skills A new international trade We will work to ensure that We want to support Sheffield opportunities, like the promote Sheffield and identify
We will work proactively to strategy will be developed a range of finance options businesses to manage their upcoming European investment opportunities
encourage businesses to in 2013 to refocus our are available for businesses energy and waste so that programme, to enable us to through our well developed
recognise leadership and international relationships at with start up or investment they have the lowest cost, develop a more ambitious networks of intermediaries
management training as city level to deliver economic plans, working with banks and streamlined operations approach that will help such as location consultants,
a critical tool in improving benefit. Our aims will be to local intermediaries, Finance possible and stay ahead of hundreds of businesses to property agents, lawyers,
business performance, help more businesses to Yorkshire, South Yorkshire regulators. We want Sheffield develop and execute a low accountants and professional
productivity and growth. We start trading internationally Investment Fund and Yorkshire businesses to be resilient to carbon plan for their business, service providers.
will make good use of the and to encourage those Association of Business increasing energy and raw covering energy, water,
assets within our universities, businesses who do export to Angels. materials costs and be as waste, product design and We will work with the SCR
particularly the city’s look to expanding markets for productive and efficient as procurement. LEP to maximise the inward
business schools, and the new business opportunities. Sheffield City Council has possible. investment potential of the
newly developed Sheffield We will build on our current supported the SCR LEP to 11. Attracting businesses to Modern Manufacturing and
City Region Leadership relationships within Europe secure £25million in RGF Through our Enterprise locate and grow Technology Enterprise Zone
Programme. In addition we and China, and explore funding and identify over 150 Gateway we will signpost In partnership with the Local to deliver a step change in
will identify new ways to help new trade opportunities businesses with investment businesses to key initiatives Enterprise Partnership (LEP), the number of businesses
SMEs improve their leadership which support the growth projects. In 2013 we will work and resources such as WRAP, Sheffield is investing in an moving into the city. This is a
and management capacity, of our distinctive and high with these businesses on their a Government funded scheme inward investment team to major initiative with significant
and explore how networking performing sectors and where investment propositions and providing information on waste proactively target inward benefits for manufacturing and
and mentoring from high that businesses tell us are will invest the full £25million reduction and CO2 Sense, investment in high value technology based business,
performing companies can important to them. in the Sheffield City Region a not for profit organisation sectors important in the including capital allowance
support other local businesses economy to boost jobs and who work with businesses to city region. This proactive for investment in plant and
with growth ambitions. We will create an International growth locally. We will also cut energy, waste and other resource is tasked with lead machinery or business rate
Trade Partnership to focus secure further funding from resources. We will also support generation and works with relief.
7. Championing the next on increasing the number of Regional Growth Fund round and encourage businesses investment teams in local
generation of leading exporters across Sheffield 4 to ensure we can support to access the Government’s authority areas to ensure that
businesses and the wider city region. the full range of businesses Green Deal initiative for these leads and enquiries are
In 2013 we will develop and comprising of Sheffield coming forward with businesses when available. converted into new businesses
launch a two year programme Chamber of Commerce, UK investment propositions. and jobs for the Sheffield City
to support and champion the Trade and Industry, HMRC, Region.
next generation of leading Creative Sheffield and South In 2013 we will develop and
businesses in Sheffield. It will Yorkshire International Trade launch an innovative Micro
work with 25 of our highest Forum to deliver a stronger, Business Loan Fund of up to
potential businesses aspiring cohesive and complementary half a million pounds, aimed
to rapid and sustainable offer to businesses. Working at providing flexible finance to
growth in turnover and jobs. in this way will enable us to Sheffield’s micro businesses
These companies are driven deliver a powerful combination looking for between £10,000 -
by the entrepreneurs behind of support; from events and £20,000 in growth finance.
them, and as a city we want awareness raising, advice and
to invest in these leading training, trade delegations and We will seek to deliver over
businesses to support and grant funding. 100 start-up loans for young
accelerate their success people through a Government
and secure their long term 2013 will also see a new Pilot we have secured for
commitment to Sheffield. export pilot to deliver Sheffield. Following this pilot
bespoke export support to we will pursue further finance
We will develop this initiative
30 businesses. If successful to integrate this funding as a
with business and will aim to
we will seek to expand and longer term start up finance
provide bespoke interventions
integrate this into a wider of option in the city.
including top level
offer for export support.
mentoring, access to funding
opportunities, international
master classes and innovation
and collaboration focused
networking.

36 37
5.3 A Skilled and Productive Workforce Strategic Approach
Economic Objective The challenge With public funding for training set Strategic Approach Improving educational Up-skilling the current
The strengthening of Sheffield’s to fall by a quarter over the lifetime Skills are a vital component of attainment workforce
A skilled and productive
economy and its increasing of the Coalition, the expectation delivering the city’s economic Education, skills and the economy It is essential that businesses have
workforce that sets Sheffield diversification into knowledge of government is that employers vision and are an essential are inextricably linked. Just a sufficient supply of employees
apart from other cities, industries is driven and supported must contribute much more to the building block for growth, as many of Sheffield’s current equipped with the technician-level
underpinned by a business- by improving skills levels. costs of workforce development. driving both productivity and workforce was educated in skills that we know will be needed
Knowledge sectors create For them to do so, businesses will participation. We want the the city, those young people in to facilitate growth. This will
focused skills system that demand for higher level skills and need to be confident that they talent in our workforce to be Sheffield’s schools, colleges mean more employers taking on
provides the skills that the ‘knowledge occupations’ such will be investing in high quality our differentiator, so we need to and universities today will form apprentices, others focusing on
economy needs to grow. as managers and professional training tailored to meet business continue to produce, attract, retain the basis of its future workforce. up-skilling the existing workforce
and technical occupations. An need. In preparation for this, and utilise skilled people in our To ensure that this prospective and many doing both. We need
impressive 43.2% of workers Sheffield needs more employers economy. workforce is capable of meeting to support employers to replace
in Sheffield are classed as to be persuaded of the value of the rising skills levels required by talent as people retire and to
‘knowledge workers’. Furthermore, investing in more apprenticeships Our approach focuses on: the economy, we need to improve maximise the skills and knowledge
Sheffield’s skills profile has and more workforce training, but educational attainment in Sheffield of the older workforce as people
• Improving educational
improved significantly since it also require the city’s training more rapidly. work longer by providing re-
attainment
2005 and compares well with the provider network to continue to skilling opportunities and flexible
national average and other core improve its offer of responsive • Up-skilling the current To achieve this we will ensure that working arrangements. We
cities. and flexible training that meets the workforce the education system is producing believe this is best achieved by
highest standards. • Cultivating and utilising high young people with the knowledge, giving employers real choice and
Our challenge is to turn this good level skills skills and work readiness that the purchasing power within the skills
performance into our differentiator, Analysis also shows that although • Developing a business focused economy requires and which our system. To this end the city, its
improving the skills and Sheffield, by national comparison, skills system employers value. To do this we region and the Local Enterprise
productivity of our workforce and has a well skilled workforce, the will work both with our schools, Partnership that represents it,
stimulating our employers to invest private sector does not always academies and colleges and the made a proposal to Government
more in workforce training until we benefit from this to the extent that city’s employers to strengthen that resulted in the City Deal
are among the best in the world. will be required if the economy education –business links and in for skills. This deal means that
is to be rebalanced. Sheffield so doing to shape a curriculum Sheffield City Region is the only
Meeting the skills challenge benefits from two highly reputable that delivers the essential skills part of the country to date where
means continuing the drive to universities that together produce for work that new entrants to mainstream skills funding has
improve the learning outcomes of approximately 20,000 graduates the labour market will need. By been transferred from central
those leaving school and college, annually in a wide range of working together, we want our government to the LEP so that
where we still under-perform disciplines. However, too few of teachers and our employers to employers can properly drive our
in comparison with statistical these graduates are employed in design and deliver a curriculum strategy for skills, recruit more
neighbours. In so doing we will the city’s SME’s (only 18%). We from primary, through secondary apprentices and invest more in
ensure that our young people need to better connect two of the and into tertiary education that adult training.
have the opportunity to secure city’s greatest economic assets, continues to improve teaching
well paid jobs and businesses our businesses and our highly and learning, that delivers better In support of this, employers will
have the opportunity to benefit skilled people, to ensure that our outcomes for our students and be able to call upon skills brokers
from a new generation entering improving skills profile is exploited which properly prepares our who will help them navigate the
employment with the skills, to full effect in our economy. young people for working life. complexities of the skills system,
aptitude and job-readiness that reduce the burden of bureaucracy
employers need for success. and help them to chose the
provider and the training package
We cannot stop there: 70% of the that is right for them.
city’s 2020 workforce is already of
working age and, as the average
skills levels required in all types
of employment continues to rise,
the need to focus on adult training We need to harness the city’s skills
will be at least as important as
the focus on the educational to transform Sheffield’s long term
competitiveness and secure economic growth
achievement of our young people.

38 39
5.3 A Skilled and Productive Workforce Key Actions 2015
Cultivating and utilising high Developing a business focused To make sure the balance is A Skilled and Productive
level skills skills system redressed we need to: Workforce – Key Actions to 2015
The city’s two universities - The The education and skills system • Establish a strategic
University of Sheffield and is an integral part of the city’s partnership between the city’s 1. Extend the Made in Sheffield Our aim is to extend this The introduction of the UTC
Sheffield Hallam University - infrastructure and involves a businesses and its education curriculum curriculum development and approach, along with that of
are a source of competitive complex matrix of schools, community so that provision is The Made in Sheffield these new ways of learning to the schools forging the Made in
advantage for Sheffield city academies, colleges, training of the type, level and volumes initiative brings teachers and encompass other key sectors Sheffield curriculum, represent
region’s knowledge economy and providers and public agencies. needed in key sectors of the businesses in key sectors of the economy and even two important elements in
are an integral part of the city’s Learner choice is important if economy together to co-design a more schools with a view the city’s response to this
economic infrastructure. young people are to maintain • Simplify the skills system and curriculum for the primary and to harnessing the talent of challenge and ones that will
their motivation and aspiration make it more responsive so that secondary phases, as well as our strongest teachers, the be extended in future years.
They contribute to the growth and if adults are to continue to businesses, particularly SMEs, Further Education, that can opportunities of work-related These initiatives are helping
and competitiveness of the city value and see the relevance get training of the type, in the reshape learning, drive up learning and the experience to create the foundations on
through the creation and transfer of lifelong learning but this place and at the time that they attainment and equip young of the strong role models from which the city is striving to
of knowledge – producing world needs to be better balanced need it. people with broad range the city’s businesses to create build both a learning system
class research that attracts by learning provision that also of knowledge, skills and a distinctive Sheffield learning where students, parents, carers
investment, leading edge scientific meets the needs of the economy. attitudes that they will need system better able to develop and employers can expect
and technological development Without this balance, skills for life and work in the twenty- the talented and well-qualified to benefit from educational
to drive innovation and quality gaps and shortages can occur first century. The programme workforce of the future. excellence and a distinctive
graduates to bring fresh talent to impeding growth and blunting equips children and young curriculum that combines
the city’s businesses. competitiveness. people with the numeracy, 2. Introduce University academic rigour and the
literacy, employability and Technical College education broader skills set that our
The city needs to continue to transferable skills that The city’s new University employers tell us they value.
harness the economic power employers tell us they need. Technical College (UTC),
that connecting these assets opening in September 2013, 3. Careers Guidance
into businesses can bring to The programme had its adds to the range of choice The city already has ambitious
the economy. Over the last few origins in a partnership available to 14-19 year plans to ensure that young
year Sheffield’s universities have of the Cutlers Company, olds by offering those with people and the adults who
worked well with the city to help schools, academies and aspiration to pursue careers in influence their choices have
define, develop and deliver the City Council established manufacturing or the creative access to thorough and
the mechanisms needed to to strengthen the teaching and digital industries with an independent on-line labour
cultivate University – Business of science, technology, opportunity to pair a rigorous market information. Every
collaboration. However, we now engineering and maths. It academic curriculum with school and academy has
need to scale up our joint projects does this through cross- technical training in two of the been supplied with U-xplore
and attain to more and better curricular, project-based city’s most distinctive and high - an on-line tool designed
collaboration. learning focused on real performing sectors. to help teenagers and their
world problems set by local teachers to learn about
We will develop city wide businesses, led by talented Sponsored by the Sheffield different jobs and learning
collaborative programmes, ‘young ambassadors’, College and supported by pathways and then to make
building on successes like supported by business Sheffield Hallam University, the right career choices. Our
Innovation Futures to better mentors and endorsed in the Chamber of Commerce ambition will be to work with
connect businesses with the a skills passport where and the City Council, this the education community and
innovation and knowledge within every participating learner new learning institution will employers from key sectors
our universities. We will also seek records those experiences, take an innovative approach in the local economy to
to improve graduate utilisation achievements and skills to learning with industry ensure that these promising
within the local business base, that employers value. standard equipment and developments are fashioned
particular SMEs where graduate Subsequently, this curriculum a work environment and into a single, attractive and
employment is low (only 18%). model has been embraced opening hours that reflect the effective programme that
enthusiatically by the Sheffield adult working day. The city’s allows young people to make
Teaching Hospitals Trust and employers have regularly the right choices and to
another set of schools that are called for the learning system benefit from the opportunities
now working in the wide range to better prepare young in growth sectors of the local.
of sectors that support the people for working life in the
health service. new economy.

40 41
5.3 A Skilled and Productive Workforce Key Actions 2015
4. Launch the Advanced The partnership will be The vision for RISE is that: 7. University & Business 8. Develop Skills Made Easy Over three years, the
Manufacturing Research closely connected to the • Sheffield businesses value Collaboration Skills Made Easy is a £28 programme seeks to work with
Centre (AMRC-TC) LEP, the provider network and employ graduate talent to We will develop city wide million programme designed employers to create 4,000
The AMRC Training Centre and key agencies including support future growth collaborative programmes, to test the proposition that additional apprenticeships
will provide advanced the Education Funding • Employing a graduate building on our current the city and its region will and 2,000 opportunities for
apprenticeship and higher- Agency, the Skills Funding becomes the norm not the successes to better connect be better able to create the adult workforce to further
level skills for high-value Agency, Jobcentre Plus and exception businesses with the innovation a more responsive skills develop the skills that their
manufacturing. It will be based the National Apprenticeship • Our universities are leaders and knowledge within our system if purchasing power, employers need. When proof
in a new 5,500 sq m building Service. The partnership in producing the most universities. In partnership and therefore choice, is of concept is established the
on a site next to the Advanced will work with and through employable, enterprising and with the SCR LEP we will placed firmly in the hands intention will be to seek a more
Manufacturing Park and will them to develop a long term work- ready graduates identify new opportunities to of employers, particularly extensive devolution of the
open in autumn 2013. action plan for employment scale up our joint working and those small and medium size skills system with more choice
and skills that supports LEP successful projects, as well companies that make up the and decision making placed in
The Training Centre will provide priorities for growth, reshapes as developing new initiatives. majority of our businesses. the hands of local employers
the practical and academic the education and training We will look to take advantage Skills Made Easy will operate under the auspices of the LEP.
skills that manufacturing system and seeks to ensure of the European programme through a range of brokers
companies need to compete that all of the city’s residents as an opportunity to deliver tasked with working with
globally, from apprenticeship have the opportunity to benefit programmes of scale across companies to ensure that they
through to doctorate and from the good quality jobs and the city region. get the type of high quality,
MBA level, plus continuing sustainable employment that is timely training they need with
professional development. the aspiration of the city and its maximum choice and the
region. minimum of bureaucracy.
The centre will link with both
Sheffield universities for higher- 6. RISE - Improving graduate 2013 will see the launch of
level education and with the utilisation in our SMEs RISE, the development of a
new UTC, providing a full RISE is an ambitious new new web portal to support
progression in engineering project that celebrates the businesses that are looking to
training for the first time in the talented, energetic and driven invest in the future potential
region. individuals behind Sheffield’s of a graduate and a pilot
SMEs and seeks to connect internship scheme that has
5. Establish the SCR Skills and them with new talent – the city’s been designed specifically
Employment Partnership highly skilled graduates. for SMEs. The longer term
We will create new a ambition is to secure resources
partnership in the city, where RISE is a citywide project, to scale the project and
skills providers and businesses co-created by Sheffield City support 500 business to take
can work together to build high Council, Sheffield Hallam on graduates across Sheffield
quality, business responsive University and University of City Region.
training programmes. This Sheffield, with support from
new partnership will seek to the private sector and key
shape the local learning and stakeholder organisations
skills system such that it better such at Graduates Yorkshire.
prepares young people for It is supported by a four
the jobs of the future, gives year framework between city
businesses the confidence partners, which is deisgned
to invest more in workforce to embed new collaborative
training and supports those approaches to support
facing barriers to work with business growth through the
the training and pathways to development and utilisation
sustainable employment that of graduate talent in the city’s
they need. business base.

42 43
5.4 Future Proof Infrastructure Strategic Approach
Economic Objective: The challenge Strategic Approach Delivering a fit for purpose 21st Reflecting this change, we • Castlegate – We will create a
The quality of Sheffield’s The City’s Local Plan5 (previously century city centre will refresh our City Centre vision for the transformation
Future proof infrastructure that
infrastructure has a direct impact called the Local Development Sheffield’s city centre is vital to the Masterplan, retaining the spatial of the Castlegate quarter and
delivers critical connectivity, on the city and wider city region’s Framework), outlines these key future success of the city region, principles identified in 2008 attractions.
development and sustainability economic growth potential by challenges and provides the providing high quality retail, a (shown below), but reassessing • City centre living - We will look
to support economic growth. creating routes to market and spatial narrative that will shape strong cultural offer, a centre for the pace, prioritisation and to widen the type of housing
employment, ensuring businesses the city’s continuing evolution knowledge based, professional delivery approach around the available around the city
and people have affordable, over the period to 2020 and services, creative and digital following themes; centre, to encourage new city
sustainable utilities, enhancing beyond. It highlights two themes industries and an effective • Retail – Securing the New centre neighbourhoods.
the environment, quality of life that will be at the heart of the transport interchange. Retail Quarter remains the • Transport – We need to improve
and place and encouraging city’s infrastructure investment; highest priority, to expand the attractiveness of public
new investment across the SCR transformation and sustainability. Over the past 15 years Sheffield the scale and quality of our transport to further encourage
economy. These are integral to delivering has pursued a consistent set mainstream retail offer as well modal shift to public transport,
the economic vision set out in this of masterplans to bring quality, as providing mixed-use space walking and cycling.
Over the past 5 years the financial strategy. vitality and new investment to grow a new generation • Cultural offer - The Surrey
challenge and associated to the city centre, which has of independent retailers Street building containing
austerity has restrained the We will lead on an Infrastructure created new confidence and a and support other creative the Central Library, Library
normal financial mechanism to Development Plan to transform the strong identity. The Heart of the activities. Theatre and the Graves Gallery
support medium and large-scale city’s transport networks, utilities, City, Digital Campus and the • Grade A offices - We need to is the next priority for cultural
infrastructure projects. However, housing, buildings, land and impressive new public spaces bring forward the delivery of capital investment, alongside
a pause in this type of investment digital infrastructure to create the have collectively helped to put the the Central Business District the refresh of the Cultural
now could put future economic conditions for development. city centre on track, however the to support the expansion Industries Quarter. We need to
growth and the city’s overall task is not yet complete. of knowledge and business support the visitor economy,
competitiveness at risk. Our approach will focus on: services in the city. There is by providing events and
• Delivering a fit for purpose 21st The recent recession has currently no Grade A space animation, entertainment, retail
Our challenge is to continue to century city centre fundamentally changed financial available in the Central choice and accommodation.
drive priority infrastructure and • Unlocking the investment markets, putting a sharp halt to Business District. We will We will strengthen the ‘Steel
development projects forward, potential of the Sheffield the speculative development that also enhance provision in the Route’ from The Moor to
working together to understand Rotherham Don Valley has supported the city centre pre Riverside Business District Victoria Quays and Wicker to
and prioritise existing and future • Ensuring that Sheffield is well- recession. as well as key sites around better connect our cultural
infrastructure needs, co-ordinate connected Sheffield station. assets and city centre offer.
activities to make the most of • Building a sustainable, low
new funding mechanisms (NDD, carbon city Fig.8 City Centre Masterplan
Jessica, SCRIF) and ensure • Facilitating development -
that projects provide return on housing, employment sites and
investment. premises

5 https://www.sheffield.gov.uk/planning-and-city-development/planning-documents/sdf.html

44 45
5.4 Future Proof Infrastructure Strategic Approach
Unlocking the investment In order to unlock the investment The Sheffield-Rotherham Don Ensuring that Sheffield is well- To deliver these improvements Over the long term, Sheffield has
potential of the Sheffield potential within the Sheffield- Valley also forms a key part of the connected the Sheffield City Deal saw SCR been named as a station location
Rotherham Don Valley Rotherham Don Valley (SRDV), Sheffield City Region Enterprise Investment in transport and successfully negotiate with for the preferred route on High
The Sheffield-Rotherham Don a partnership between Sheffield Zone, identified as a Modern highways supports economic Government to devolve major Speed 2 network, illustrating the
Valley remains the home of world and Rotherham local authorities Manufacturing and Technology growth through the creation of scheme transport funding to SCR importance of Sheffield as a key
class engineering companies and the SCR LEP is developing a Growth Area. We will work with commuter and business linkages level. This will guarantee 10 years northern city, alongside Leeds
and the Advanced Manufacturing new SRDV masterplan, which will the LEP and relevant landowners between key places in an of transport funding, enabling and Manchester. HS2 will reduce
Park. It is a large employment take an integrated approach to to accelerate the development efficient and cost effective way. longer-term planning and allowing journey times from Sheffield to
area and has a significant regeneration and priority setting. of key sites within the Enterprise Connectivity essentially allows more flexibility in how the money London to 75 minutes and provide
number of sites for investment Zone. the economy to function, enabling is used. This arrangement forms faster rail journeys to other city
as well as a growing number We will focus on improving people to access employment the basis of the Sheffield City centres in the UK, for example,
of sports, retail (Meadowhall) capacity on the highway network The SRDV will also see the city’s and leisure opportunities and Region Investment Fund (SCRIF) 25 minutes to Leeds. This opens
and cultural assets. The future in the S-RDV by developing first Business Improvement District providing businesses with bigger and allows SCR local authorities up access to wider markets and
economic success of the area additional routes to re-direct (BID). Run in conjunction with markets for labour, supply chains with the SYPTE and private sector support growth of businesses
will provide a economic engine local traffic away from congested Sheffield Chamber of Commerce, and customers. led LEP to develop a single across Sheffield City Region as
of growth for the whole of the locations, as well as strengthening this will install and maintain flood infrastructure fund to take forward well as creating regeneration and
Sheffield City Region. However, the range of travel and public defences along the valley. To future proof the city’s critical infrastructure interventions job opportunities.
in the past 10 years momentum transport options available. This infrastructure we will adopt linked to SCR economic priorities.
has slowed and development is will release the current constraints a complementary strategy
now severely constrained by the on development sites enabling that improves both inter-city
lack of appropriate infrastructure them to be brought forward for connections and intra-city
in areas such as transport, flood new employment and residential (and city region) linkages in a
management, energy and green uses. sustainable way.
space.
We will improve inter-city
connections with other cities and
Fig.9 Sheffield-Rotherham Don Valley Initiative
key transport exchanges like
motorways, rail stations, airports
and ports to remain competitive
internationally as a place to do
business. However this must be
coupled with strong and efficient
intra-city (and city region) linkages
that ensure places within the
city region are well connected,
particularly key business and
employment areas like the
city centre and the Sheffield
Rotherham Don Valley.

Ensuring that the city’s


infrastructure is sustainable is an
integral part of the city’s transport
strategy. We will encourage a
much greater proportion of travel
via walking, cycling and public
transport, to reduce carbon
emissions and air pollution,
release road space and provide
for those without access to a car.

46 47
5.4 Future Proof Infrastructure Key Actions 2015
Building a sustainable, low Facilitating development - The Local Plan identifies the Future proof infrastructure -
carbon city housing, employment sites and Upper Don Valley (UDV) as a key Key Actions 2015
We will ensure that Sheffield’s premises employment area. We will look to
growth is sustainable by investing Enhancing Sheffield’s quality facilitate development in the UDV 1. Sheffield’s Local Plan Our priorities to 2015 will include: 3. Sheffield – Rotherham Don
in the city’s energy supply, water, of life offer, so that it remains by pursuing investment to improve Sheffield’s Local Plan plays - New Retail Quarter (NRQ) Valley Masterplan
waste, telecommunications and attractive to businesses and access and infrastructure to open a key role in allocating - We need to deliver a We will continue to work with
flood management systems to people as a location of choice, up dormant sites for commercial employment sites and competitive retail offer, partners to develop and launch
ensure they are resilient to the means ensuring that we have the use. Parkwood springs offers identifying the infrastructure securing and delivering the the Sheffield-Rotherham Don
impacts of climate change and right mix of development sites, a future opportunity for mixed needed to support growth. NRQ. We have successfully Valley Masterplan in 2013. This
provide low carbon solutions business premises, green spaces use development, providing It is made up of two parts; secured new innovative will establish a framework for
and local energy generation. and quality and stock of housing. recreational, residential and the Core Strategy which tools to help drive forward integrating, coordinating and
Improving and strengthening the commercial use. provides the spatial strategy this investment - the New prioritising future activity in
city’s supporting infrastructure Sheffield has a portfolio of fit- for Sheffield, and the City Development Deal - which order to remove obstacles to
in this way will deliver a stronger, for-purpose sites and premises In terms of housing provision, Policies and sites document allows upfront investment in business growth and inward
more sustainable and balanced that provide opportunities for our short-term priorities will be which sets out specific sites for the City Centre’s infrastructure investment in the Sheffield-
local economy. businesses to expand and stimulating housing development particular land uses and details to be repaid using the uplift in Rotherham Don Valley area.
grow. This includes small and ensuring the quality, policies about landuse, design, future business rates. Priorities will include key
Sheffield City Council’s Climate scale ‘incubator’ provision for affordability and suitability of the environment and transport. - Moor Markets – We will transport infrastructure –
Change Adaptation Strategy will new businesses to large scale city’s housing stock. We have These documements will be complete the Moor Market namely Bus Rapid Transit
set out a framework to ensure developments sites, many of them a major opportunity through the submitted to Government by developments and see it open schemes in the North and
that Sheffield is more resilient to in and around the new Sheffield new Local Housing Company September 2013 for public for trading in 2013. South on the Don Valley,
the impacts of climate change, City Region Enterprise Zone. that will build 2,300 homes over examination and adoption in - No.3 St Paul’s Place - This is accelerating development at
both in the present and the future. Vacancy rates and relatively low 15 years as well as providing 2014. the final site of the Heart of Sheffield Business Park and
In the last ten years Sheffield costs suggest that there is not long-term business opportunities the City project and delivers Outokumpu Enterprise Zone
has experienced major flooding a general lack of commercial and additional jobs. The city’s 2. City Centre Masterplan much needed grade A office sites and developing Attercliffe
events, heat waves, strong winds property in the city6. However, new housing strategy7 also We will develop, consult on supply for the city centre. The as a ‘growth zone’ through
and snow and ice events, all some small and medium sized highlights the need to help and launch a new city centre site is cleared for development housing market renewal. In
of which caused disruption to firms report difficulties in finding younger, older and vulnerable masterplan in 2013 which will and we will investigate the use conjunction with Sheffield
the city and brought with them the right workspace. We are people to live independently identify the key actions city of new funds like JESSICA, Chamber of Commerce we
an economic cost. At the same currently reviewing the stock and through the type and location of partners need to take in the or the SCRIF in partnership will run the city’s first Business
time, climate change can bring quality of the city’s managed housing we build and the quality short term to 2015 and beyond with a developer to bring this Improvement District (BID)
opportunities and if Sheffield is on workspace to ensure we have of our neighbourhoods. We want to 2020, to deliver our ambition investment forward in 2013. to install and maintain flood
the forefront of managing the risks a pipeline of quality, affordable to ensure that people live in for a fit for purpose 21st defenses along the valley.
associated with climate change, space for young or start up attractive neighbourhoods that century city centre.
this will prove attractive to inward businesses. are safe, clean and sustainable,
investment. The Council will work and have well-managed and
with Sheffield’s businesses and maintained green spaces.
organisations to help businesses
identify and respond to the risks
and opportunities presented
by climate change and extreme
weather, particularly flooding,
over-heating and drought.

Investing in the city’s


infrastructure will deliver stronger,
more sustainable growth
6 Advancing Ambitions: Creating a sustainable economic future for Sheffield, Centre for Cities, 2011
7 The housing strategy was approved by Cabinet on 13 Feb and can be downloaded from the following hyperlink:
http://meetings.sheffield.gov.uk/council-meetings/cabinet/agendas-2013/agenda-13th-february-2013

48 49
5.4 Future Proof Infrastructure Key Actions 2015
4. Protecting business through 6. Local energy generation and 8. Maximising the economic 10. Fast, efficient and • Bus Rapid Transit (BRT) • A revolutionary ‘Tram Train’
effective city wide flood distribution networks benefits of HS2 sustainable public transport scheme improving links on the rail and tram networks
management We will develop plans and Government has announced Partners across the Sheffield between Sheffield and between Sheffield and
A partnership between identify key funding to extend that Sheffield is on the HS2 City Region are working to Rotherham and access Rotherham centres and a
Sheffield City Council, the existing city centre district preferred network, securing realise a series of strategic to important regeneration ground-breaking Sheffield
Rotherham MBC, SCR LEP, heating network and develop future economic benefits and integrated transport projects and employment sites. The Bus Agreement with bus
the Environment Agency, new heat networks in the competitiveness for Sheffield that deliver fast, efficient and BRT North route will enable operators that will see
DEFRA, Yorkshire Water, Sheffield – Rotherham Don over the long term, connecting sustainable public transport development opportunities many passengers paying
Sheffield Chamber and key Valley (including the Upper us to Europe aswell as London links for the SCR. These that bring in over £200m lower fares for journeys
businesses will work together Don Valley) to create one of is a much faster, efficient way. schemes are at different of investment into the local as well as a more flexible
to secure funding for and the largest combined heat and It is important to the future stages of funding / delivery economy. and convenient network
deliver comprehensive flood power networks in Europe. This success of the economy that cycle and we will work • Investment in the completion supported by investment of
defences across the city’s key will provide sustainable, low we do all we can now to secure together to see the benefits if of the ‘Northern Hub’ cluster £8 million from Government
economic areas - through the carbon, reduced cost energy maximum economic benefits these schemes secured and of rail enhancements and over the next five years.
Sheaf and Porter Valleys in the for Sheffield businesses. from this future investment. We delivered for the SCR. Major capacity upgrades which • Electrification of the Midland
city centre, and through the will ensure that the high speed schemes include: will see faster journey times Mainline from Sheffield
Sheffield-Rotherham Don Valley 7. Green Deal rail station is located where • Improved access and between Sheffield and through to London by 2019.
(including the Upper Don Government have launched it has the maximum growth journey times between Manchester as well as to
Valley). the Green Deal, which potential for the Sheffield Sheffield and Doncaster- Hull, Newcastle and the
enables people to make City Region economy, that Sheffield Airport through the North East.
This will give existing energy-saving improvements connectivity to the station Finningley and Rossington
companies confidence to grow to their homes (the business into the wider Sheffield City Regeneration Route Scheme
and expand and give potential scheme will come later in Region is prioritised as part of (FARRS).
investors the confidence to 2013) without having to our future investment plans;
choose to base themselves pay all the costs up front. and that Sheffield’s business,
in the area instead of in Households can make real professional and financial
other locations. Protection energy saving improvements service sector can take
from flooding gives the local including insulation, eg loft or advantage of the business
economy a strong and secure cavity wall insulation, heating, benefits HS2 can deliver.
foundation. draught-proofing, double
glazing and renewable energy 9. Streets Ahead
5. Digital Region technologies, eg solar panels Sheffield City Council has
Ensuring that our businesses or wind turbines. Once the invested in what is the largest
and household have access improvements are made, it highways Private Finance
to high quality and high is paid off via instalments Initiative (PFI) programme in
speed internet access is through energy billing. the UK, in a £2bn deal with
critical in today’s e-economy. private sector contractor Amey,
The Digital Region project We will ensure that Sheffield who will bring Sheffield’s
has delivered superfast residents have information highways network up to a
broadband connectivity to and access to the Green significantly high standard
80% of South Yorkshire. To Deal, and support Sheffield within the first five years and
2015 we will seek to further this companies to become Green then maintain that standard for
infrastructure connecting more Deal assessor and providers, the remaining 20 years. The
homes and businesses into and form part of the local Streets Ahead PFI will see the
the network. This high level of supply chain to ensure that condition of Sheffield’s roads
coverage also makes Sheffield the city maximises the local move to the top of the league
an ideal test-bed for new benefits of the scheme. tables, helping to transform the
models of delivering services look and feel of the city.
such as tele-medicine and
e-government.

50 51
5.5 An Inclusive Economy The Challenge
Economic Objective: The challenge
Overall deprivation levels in
An inclusive economy that
Sheffield compare favourably
supports people to achieve their to other cities, with around 34%
full potential and take part in the of Sheffield’s population living
economic and social life of the in areas of high deprivation,
compared to over 50% of the
city. populations of Manchester,
Liverpool, Birmingham and
Nottingham. However, this still
equates to almost one quarter
of households – approximately
58,500 households - living in
poverty. Furthermore, the gap
between the richest and poorest
across Sheffield has increased
over the course of the recession.
This perhaps reflects the large
increases in unemployment which
every city across the UK has
experienced.

In Sheffield Job Seeker Allowance


(JSA) claimants have increased
from around 8,000 pre – recession
to over 17,000 currently, with
young people aged 16-24 being
particularly affected. Although this
is generally in line with the national
trend and compares well to other
cities, it represents a significant
issue for the city, especially when
coupled with the significant
number of people who are long
term unemployed.

Approximately 48,000 are claiming


out of work benefits such as
incapacity benefits / employment
support allowance or lone parent
income support. Current labour
market conditions mean that
many more of these 65,000
unemployed people may be out
of work for longer periods or have
to take lower income jobs, this
can lead to long term increases
in poverty and inequality, and so
act as a potential break on future
economic growth.

52 53
5.5 An Inclusive Economy Strategic Approach
Strategic Approach Promoting fairness and equality Connecting people to training Tackling the root causes of
The focus of this strategy is to We know that there are groups and jobs poverty
create and support opportunities of people who are more likely to Providing opportunities for Connecting people to work is We will work in partnership across We want Sheffield to be a city
for economic growth in the short be unemployed and in poverty, unemployed and workless people one of the most powerful ways to Sheffield City Council, Jobcentre that has successful places and
and medium term and to continue and have more barriers to to work, fundamentally demands increase people’s incomes and Plus and the local third sector sustainable communities with
to strengthen the city’s economic overcome to enable them to reach more jobs, however jobs alone life chances. However, poverty is advice network to provide timely access to high quality housing,
foundations to secure Sheffield’s their potential. For example, will not be enough. Individuals not just about unemployment. It benefits advice and support. local services, shops, and jobs,
long term competitiveness and people with low skill levels, lone who have been out of the labour is also about education and skills, as well as having excellent
economic prosperity. parents, individuals who have market for a significant amount of financial capability and health. We will focus on removing the parks, streets and other physical
suffered from domestic abuse or time will have complex barriers to We need to ensure that people’s barriers which trap people in infrastructure. The decisions that
To ensure the city’s long term substance misuse, people from work and often need support that life chances are not determined poverty, like financial exclusion, are made on a range of issues in
competiveness we have to ethnic minorities, migrants, ex- equips them with the skills and by poor education, debt or ill distress and debt as well as the city have the potential to affect
act now to mitigate against offenders, homeless individuals, confidence they need to reengage health. We also need to equip tackling the wider route cause spatial and community based
the impacts of the recession, people with physical disabilities with the labour market. people with skills for life, which of poverty, such as child poverty, inequalities and to help to connect
to connect local people into or sensory impairments and those build resilience, helping people early years development and people to work. For example,
economic growth and to close with learning disabilities or mental Even when basic factors (CVs, to cope if their circumstances, educational attainment. how neighbourhoods are planned
the gap between the richest and health conditions. These groups careers advice, job search) are income, health or family life and regenerated, the strength
poorest in the city by supporting often have multiple and more in place to support unemployed change. We will support the Fairness of the voluntary and community
people out of poverty. complex needs, which without people into work, barriers to work Commission recommendation sector, the location of economic
the targeted support they need like the lack of recent or relevant Evidence9 has demonstrated that “the city continues to support investment and initiatives to
Our approach focuses on: can become excluded, unable to work experience, physical or the crucial importance of early and strengthen the provision of connect people to it will all have
• Promoting fairness and equality participate fully in the social and mental health issues, low skills years development and education general and specialist advice an impact on the local economy.
economic life of the city. levels, the cost or lack of realistic attainment in improving child across a number of themes
• Connecting people to training
travel and childcare options can poverty and outcomes for children including debt, housing, threats We will seek to deliver the right
and jobs
For these reasons, the city significantly affect their chances and young people, particularly of violence, immigration, and number of desirable homes in the
• Tackling the root causes of has established a Fairness of employment. those from disadvantaged benefits.” right places to cater for people’s
poverty Commission to consider the backgrounds. In education terms, needs, ensuring that there is
• Building a resilient local nature, extent and impact The city’s employment strategy we know that by the age of 7 Building a resilient local a mix of housing that reflects
economy of major inequalities on the highlights these problems and the life chances of children are economy the needs and aspirations of
City of Sheffield, making identifies six priority areas for beginning to diverge and they To be a resilient and inclusive the local community. We want
recommendations for tackling delivery. To deliver against these continue to widen as children city, we need to go further than local communities to thrive, and
them. The Commission priorities we need to utilise our progress through school and supporting individuals, and will support local businesses
has recently published its local partnerships working on college. For the city’s young take responsibility for shaping in our communities and social
report8, detailing the evidence this agenda, to stimulate more people and the future success of the conditions and environment enterprises as they are a key
it has reviewed and its collaboration and action, and the Sheffield economy, we need to in the wider economy and in part of our fabric of city and an
recommendations. We will support ensure that Government initiatives make significant improvements in our communities to ensure that important source of jobs and
the Fairness Commission in its like the Work Programme or education. everyone in Sheffield can have a wider economic benefit for the
recommendations, as they will National Apprenticeship Service good quality of life. Communities district and local centres around
inform the long term measures are working well for Sheffield National changes to the benefits with high concentrations of Sheffield.
that are required to reduce people - and where they don’t, we system will impact on the deprivation often have multiple
economic and environmental will propose new and innovative financial position of individuals. and interconnected barriers that
inequalities in Sheffield. ways of securing the outcomes Incremental changes to key can make it more difficult for
we need for the city. benefits leading up to the people to succeed in education
introduction of Universal Credit and employment, and participate
will impact on people’s ability to in the social and economic life of
meet their rent liabilities, affect the city.

To secure the city’s long term their choice of and access to


affordable housing and could

competitiveness we need increase indebtedness amongst


a cohort of residents who are

to ensure local people are already financially vulnerable.

connected into growth 8 http://www.sheffield.gov.uk/fairnesscommission


9 http:// webarchive.nationalarchives.gov.uk/20110120090128/http:/povertyreview.independent.gov.uk/media/20254/poverty-report.pdf

54 55
5.5 An Inclusive Economy Key Actions 2015
An inclusive city - 2. Improving financial capability 4. The Living Wage 6. Sheffield City Council’s 7. Sheffield 100 Apprenticeship 8. Supporting social enterprise
We will work to improve In respond to the Fairness Employability Programme programme Sheffield’s third sector and
Key actions 2015
people’s financial capability Commission recommendation, Sheffield City Council Sheffield’s 100 apprenticeship social enterprises are an
1. Deliver Sheffield’s and ensure that everyone is Sheffield City Council has invests over one million programme is in its second integral part of the city’s
Employment Strategy able to access appropriate implemented the Living Wage pounds annually through its year of delivery and by economy and an important
The city’s employment strategy, financial services (banking, for all council employees in employability programme the end of 2013 will have source of jobs and wider
and the Employment and Skills affordable and responsible the city. The Living Wage which directly supports people supported 200 young people economic benefit.
Task Force set up to deliver it, credit), and that there is (currently £7.45) represents an who are out of work. It is into apprenticeships in local We want to encourage
will guide actions to address citywide access to advice acceptable minimum standard commissioned in line with the businesses. The innovative innovation within our social
barriers to employment. It and debt services. We will of living, required to be able city’s employment strategy and programme focuses on enterprises, enabling these key
focuses on six priority areas for work with organisations such to pay for physical needs like focuses on providing support young people who are not organisations to develop and
action: as the Credit Union, Financial food, heating and clothes, to those furthest away from the in education, employment build longer term, sustainable
• Improving employer Inclusion South Yorkshire, as well as to participate in a labour market and/ or those and training (NEETS), business models. In 2013 we
involvement in developing Citizens Advice Bureau and minimum level of social activity. who have significant barriers to supporting them through pre- will deliver a Social Enterprise
initiatives to tackle other third sector organisations. The Fairness Commission’s work. This complements other apprenticeship training to Accelerator project, designed
worklessness and to dispel aspiration is that the public provision in the city, particularly secure the skills employers to work with 40 existing or
myths about recruiting 3. Early years development and sector (including the national programmes that are looking for. The Council start up social enterprises. The
people who are not in work. educational attainment employees of contractors) will focus on those closer provides a wage subsidy project will provide tailored
• Harnessing economic We will support the should look to do this as to the labour market. The of 50% to businesses who growth support, working
development and business recommendations outlined by soon as possible and show employability programme provide additional support with social enterprises to put
growth initiatives, connecting the Fairness Commission to substantial progress by 2015, is commissioned in a way to the apprentices whilst in place 3 year growth and
people to opportunities enable all Sheffield children with all employees in the whole which encourages local third on placements. The 100 investment plans. We will also
that arise from major to have a good early years of the city included by 2023. sector organisations to bid apprenticeship programme provide enabling finance to
developments, inward experience. for delivery, acknowledging sits alongside national help to implement innovation
investments and large scale 5. Connecting local businesses their skills and links into the provision through the National and new projects with the
public sector contracts. The Fairness Commission to procurement opportunities local community, which are an Apprentice Service and the social enterprises.
• Removing and managing recommendations are: Public sector partners have integral part of the success of city’s new apprentice hub –
health barriers to work10, • Sheffield should prioritise been working together to the employability programme. Skills Made Easy (pg 43).
tackling the main health proven Early Years improve access to public
conditions which are causing interventions which support sector contracts; ensuring
worklessness and sickness parenting and provide a that our larger contracts
in Sheffield and preventing high quality Early Years have local subcontracting
newly unemployed experience for all children. opportunities, encouraging
people becoming long • The city should provide consortia bids, simplifying our
term unemployed due to access to affordable, high procurement process, running
developing health conditions. quality, culturally sensitive ‘meet the buyer’ summits and
• Providing skills for work childcare from a range of providing guidance on public
and progression through providers in the maintained, sector tender processes.
an integrated approach to community and private Whilst this is important work,
employment and skills and sectors which places the with which we will continue,
tackling the low skills levels child at the heart of the we want local businesses,
of many benefits claimants. service particularly SMEs to have the
• Supporting vulnerable • Sheffield should focus procurement and tendering
groups and workless especially on understanding skills that allow them to win
families, improving their the causal factors and business across any sector
work opportunities and life needs of the bottom 20% of and in any place – bringing
chances and tackling labour children at Foundation stage business into Sheffield.
market disadvantage. and use this information As such we will identify
• Increasing work and to inform interventions to and support 30 SMEs in a
progression opportunities improve their attainment ‘growth through procurement’
for young people, • Sheffield should increase the project , which will increase
through creating more focus on the communication tendering capacity, helping
apprenticeship, training, and personal, social and the businesses to increase
work experience and job emotional development skills their tendering activity and the
10 http://www.sheffield.gov.uk/caresupport/contactus/health-wellbeing-board/joint-health-and-wellbeing-strategy.html
opportunities. of children and families. amount of business they win.
56 57
5.6 A High Profile City Brand Strategic Approach
Economic Objective: The challenge Strategic Approach Maximising the impact of the
Sheffield is competing on a global We have always celebrated Sheffield Brand
A high profile city brand,
scale to capture a bigger share the culture, creativity and The city’s marketing strategy • Trade – To establish Sheffield This has provided a solid
showcasing the city’s creativity of external markets, increase its inventiveness at the heart of determines how and where as a leading UK business framework for establishing the
and energy, promoting Sheffield level of investment and business Sheffield, but in order to harness we sell Sheffield, it is the main destination, enhancing brand. We will need to go further
and the wider city region as a relocations, attract and retain the economic potential of the mechanism for telling the world the city’s reputation in our and use it to build a coherent and
talented people, encourage city’s reputation and culture sector about the type of city Sheffield is distinctive and high performing co-ordinated approach across
great place to live, work, invest business and leisure visitors to we need to reposition it as a and aspires to be. sectors and as a location for city partners to establish a strong,
and visit. the city, and host major events, serious and sustainable source of inward investment. memorable and consistent story
conferences and conventions. As economic growth. A priority in the 2008 Economic about Sheffield and the wider city
one of the UK’s major cities, we Masterplan was to develop a • Talent – To raise Sheffield’s region.
will enhance Sheffield’s reputation, City partners, with the wider city coherent brand isentity for the profile as a city of talent,
challenging out-dated perceptions region need to work together to city. Marketing Sheffield led this drawing in talented individuals We need to come together to
of Sheffield and ensuring that align marketing resources around activity on behalf of the city and and entrepreneurs by identify the key messages, ‘attack’
the world understands of what a coherent brand platform and we now have a strong ‘Sheffield’ showcasing the diverse, brands, products/ assets and
the city has to offer the UK and a clear set of ‘sales’ messages, brand that is distinctive, and inventive and energetic nature events which we can promote
international economy. as well as seeking out new underpinned by values that reflect of the city and its businesses. under each of these audiences,
opportunities and mechanism, to the city’s character - ‘authentic’ but more importantly we need to
The development of the deliver a step change in cultural and independent. • Tourism – To build on our identify the new things we want to
‘Sheffield’ brand has played a development and investment. strong cultural, sporting and bring to or develop in Sheffield to
vital role in doing exactly this This will ensure that the city has Under the Sheffield brand, we events offer and our distinctive help propel the city’s reputation
in recent years. Its distinctive both the cultural content and the have identified Trade, Talent and urban-rural location to attract for Trade, Talent and Tourism
visual look and ‘authentic and strategic mechanisms to deliver Tourism as the main audiences for more UK and international internationally to 2020.
independent’ values reflect the on its ambition. the way we sell the city: visitors into Sheffield to boost
city’s creative and inventive spirit the city’s visitor economy.
and reputation for getting things Our approach focuses on:
done. We have developed and • Maximising the impact of the
promoted the city’s impressive Sheffield Brand
cultural credentials, our theatres,
• Unlocking the economic value
museums, galleries,sport
of culture
and music venues, creative
workspaces, networks of artists • Growing the city’s Major Events
and creative entrepreneurs and programme
our major events programme. • Enhancing the city’s reputation
for doing business
These assets and activities have
attracted millions of visitors to
the city each year, feeding our
growing Tourism, Leisure and
Sport sector – which accounts for
over 50,000 jobs across the SCR
(over 16,000 Sheffield).

Our challenge is to take the


Sheffield Brand, underpinned
by the city’s cultural assets and
amazing events, and combine
them cohesively to make Sheffield
and the wider city region a high
profile destination to do business,
to visit, to live and work.

58 59
5.6 A High Profile City Brand Strategic Approach
Unlocking the economic value We will continually develop Positioning the city as a major Growing the city’s Major Events Enhancing the city’s reputation
of culture our cultural offer - investing in cultural player demands the city programme for doing business
Culture and the creative economy the city’s cultural assets and to work and invest together to Sheffield has a well established Sheffield and the wider city region
are providers of jobs, drivers for delivering fresh content, events develop a strategic approach events programme that epitomises has a strong offer for businesses
the visitor economy and are vital and ideas. This includes investing to sustain and grow the city’s the city’s independent and looking to locate and grow. The
in shaping the city’s identity and in the physical infrastructure cultural infrastructure and authentic identity – born out of internationally recognised ‘Made
positioning it alongside other that underpins our cultural offer. organisations – developing the and showcasing the creative, In Sheffield’ mark on the city’s
competitor cities across Europe. For example, the Surrey Street systems, partnerships, financial entrepreneurial, innovative and manufactured products acts as
building containing the Central mechanisms and infrastructure energetic spirit that runs through a symbol of the city’s ongoing
We want to capitalise on our Library, Library Theatre and the to unlock the economic value of the city. commitment to quality and MADE: The Entrepreneur
distinctive urban/rural location Graves Gallery is the next priority culture. excellence and support Sheffield’s Festival is the UK’s premier
and range of quality assets, by for cultural capital investment, Major events and festivals such reputation as a city that makes festival for enterprise and
building on our relationships with alonside the refresh of the Cultural We will support the sector to as MADE, Global Manufacturing things. entrepreneurship. Supported
national bodies such as Visit Industries Quarter. These assets explore commercial models that Festival, Doc/Fest, Off the Shelf, by partners including
Britain and Visit England and with will be the focus of both creative harnesses the economic benefits Tramlines, the Food Festival and We have developed two major Business, Innovation and Skills
regional tourism bodies such as production and consumption in of a strong culture sector and Galvanize all command audiences trade events which now form and UK Trade & Investment
Visit Peak District and Welcome the city. We need to ensure that sees them reinvested to do more in the thousands and attract part of the city’s annual events, (UKTI), the festival provides an
to Yorkshire. The tourism, leisure we strengthen the ‘Steel Route’ and better things in the city to visitors from across the UK and attracting key target audiences to opportunity for the exchange
and sport sector and Cultural from the Moor to Victoria Quays further propel the cultural offer internationally. the city; The Global Manufacturing of ideas to inspire the next
Consortium are key partners to and Wicker to better connect our and Sheffield’s profile. We will Festival and MADE. These events generation of business leaders
ensure that Sheffield successfully cultural assets and city centre work with the sector to find the The city is host to major are an important element of as well as putting Sheffield
competes with other major cities offer. right mechanisms for Sheffield, international events – last year promoting Sheffield as a good on the map as a place that
as a hub for culture and creativity such as Business Improvement Sheffield was a host city for the place to do business as well is creative, innovative and
and has a growing visitor Districts and Tourism Business London 2012 Olympic Torch relay, as having a direct impact on forward-thinking.
economy. Improvement Districts, which we are the long term home for the the city’s economy in terms of
will put the city’s marketing and World Snooker Championships attracting decision-makers and
culture offer on a new trajectory and we hold a number of other visitors into the city. We will establish Sheffield’s
for 2020. high profile national sport events reputation as a leading UK
each year. In 2014 will host the
globally significant Tour De Global business location. We will do more
to attract UK and international
France. Manufacturing investors to the city and support
our indigenous firms to access
Sheffield is home to Doc/Fest, the UK’s largest documentary event.
Last year the festival attracted audience numbers of over 20,000,
To meet our 2020 vision we need Festival: Sheffield new opportunities in emerging
to continue to sustain and grow The Global Manufacturing markets. We will work with
and over 2,700 UK and international industry delegates from over 65
our events programme, building Festival showcases Sheffield partners to raise the city’s profile
countries each year.
the stature and profile of our City Region’s position at the among key decision-makers in
Sheffield Doc/Fest brings the international documentary family strongest events and festivals and target markets, sectors and firms,
heart of the UK supply chain
together to celebrate the art and business of documentary making working to identify, develop and build confidence in the city as
in advanced manufacturing
for five intense days every June. Sheffield is fast becoming known as attract new major events which a place where businesses can
and materials and is designed
one of the top places in the world for people from the documentary will support the marketing and succeed, thrive and grow and
to connect SMEs in the UK’s
and digital industries to get together - to meet, to screen their work, profile of the Sheffield brand. enhance Sheffield’s reputation as
materials based engineering
share knowledge, do business, make new contacts and discuss The city will work together to a good place to do business.
supply chains with major
innovations and challenges they are facing in the ever changing identify new models of financial international customers
media landscape. support, including sponsorship and high value markets like
The festival includes showing of 120 films from dozens of countries, opportunities, income generation aerospace, renewable energy,
300 speakers from the digital and docs sector and over 150 buyers that is driven by return on medical and nuclear.
and decision makers from 20 countries participate in the marketplace. investment, as well as harnessing
Over £25 million worth in film and television deals have been struck in businesses’ commitment to
the Sheffield Doc/Fest marketplace since the festival started. corporate social responsibility.

60 61
5.6 A High Profile City Brand Key Actions 2015
A high profile city brand - The TBID would enable the 4. Destination Management 6. Unlocking the economic We will support the cultural Sheffield Theatres Trust plan to
local tourism, leisure and Plan value of culture sector to secure investment in refurbish the Lyceum to ensure
Key Actions 2015
sport and culture sectors There are opportunities for Working in partnership with the key development projects over that its facilities meet with 21st
1. Building on the Sheffield to take responsibility for the city region partners to work Cultural Consortium and the the next decade. Sheffield century audience expectation.
Brand – 2015 Marketing Plan development and marketing more closely together to attract tourism, leisure and sport LEP Industrial Museums Trust will Sheffield Theatres Trust is
The city needs to unite behind of culture in Sheffield and the greater numbers of UK and sector group we will develop deliver a £1.5m project to through to the second stage of
a coherent marketing plan that wider city region. It gives the overseas visitors by promoting a strategic approach and develop Sheffield’s industrial a £1m Arts Council bid and if
delivers the right messages partnership at the heart of the Sheffield as a destination for future vision for the cultural heritage sites by 2016 and successful will deliver £2m of
to the right audiences, and TBID the control to determine business and leisure tourism, sector across the Sheffield position Sheffield as a national improvements by 2016.
promotes the expertise and locally the city’s sales and conferences and major events. City Region, developing the centre for heritage engineering
USPs of the city and the city marketing campaigns, visitor systems, partnerships, financial expertise. Museums Sheffield The Surrey Street building,
region. services, festivals and events, To create a successful and mechanisms and infrastructure plan to build on the success containing the Library, Library
information guides and sustainable visitor economy for to enable us to identify and of the award winning Weston Theatre and Graves Gallery,
We will develop a 2015 ultimately capital investment to Sheffield, all the components drive forward new opportunities Park Museum with an extensive is a priority for cultural capital
marketing plan to deliver an fund infrastructure projects. that make a successful and unlock the economic value display refresh programme investment. Surrey Street
over-arching city branding, destination need to be of culture. during 2014-15. and the refresh of the CIQ
marketing and communications 3. Major Events Programme managed in an integrated are major contributors to city
campaign to promote We will continue to develop the and long-term way, with a vibrancy and national profile.
Sheffield at a global level to city’s major events programme, clear focus on the needs of
our three target audiences, working in partnership with the residents, businesses and
led by Marketing Sheffield in private sector to harness new visitors. Stakeholders in the
collaboration with key partners opportunities and develop new city have a key role to play in
across the city including events. contributing to a vibrant city
businesses, universities, the experience.
Cultural Consortium and the We will look to identify new
wider Tourism, Leisure and major events that will bring Building on our current
Sport sector. We will identify in significant investment in partnerships we will bring
the key messages, ‘attack’ the local economy. In 2013 stakeholders together
brands, products/ assets and we will celebrate 100 years to develop a Destination
events that we have or want to of Stainless Steel through a Management Plan, to increase
get to help propel Sheffield’s programme of events over the collaboration and coordination
reputation for Trade, Talent and course of the year and key and to take strategic approach
Tourism internationally. exhibitions like Rustless and to destination management,
Designed to Shine. working to the common
2. Tourism Business purpose of making Sheffield a
Improvement District – Early In 2014 Sheffield will host part high profile city, known for its
Adopter of the Tour De France route. We creativity and energy – and the
Sheffield will pursue the options will start work now to ensure talented people, businesses
of being an early adopter city that we maximise the economic and cultural assets that make
for the pioneering financial benefits of this catalyst event the city an amazing place to
mechanism TBIDs. Working in for the city, and use it as an be.
partnership and undertaking opportunity to develop and test
in-depth consultation with the new funding and partnership 5. Conference Ambassador
businesses and operators models with the private sector. Programme
which would be part of the We will continue to grow our
TBID’s binding partnership. conference ambassadors’
programme to bring major
conferences and events into
the region by harnessing
our strong relationships with
business and academia.

62 63
6 Delivering Delivering the strategy

the 6.1. Sheffield Economic


Programme to 2015
6.2. Progress towards Sheffield’s
economic vision

strategy
This strategy prioritises support The strategy identifies a set of
for the factors that drive growth in economic measures to enable
our economy and create the right effective monitoring of the
conditions in the city for long-term city’s economic performance
economic success. It sets out the and progress towards the 2020
city’s economic priorities to 2020 economic vision.
and provides a framework to guide
activity, resources and investment The performance framework
over that period. identifies the core economic

Economic Programme
outcomes and associated targets
The priority actions identified in the against the economic vision.
strategy represent the city wide These are underpinned by a set of
initiatives which will be delivered progress measures which relate
or progressed to 2015. We will to our six economic objectives.
co-ordinate these actions into an These progress measures
economic programme of activity will enable us to compare
for the city, which will be used to performance against the national
guide critical investment decisions. average. (See Appendix A1)
The economic programme will
include a more comprehensive
action plan that sets out lead
delivery partners, key milestones
and specific outcomes for each
priority action.

The actions set out are not to be


seen as a static list or inclusive
of all activities undertaken by
city partners. We will continue
to develop new projects in line
with the economic objectives and
strategic approach set out in this

of Activity
document to respond to the ever
changing economic context and
new opportunities which arise.

The priority actions will be


refreshed in 2015 to form
a second phase economic
programme 2015-2020.

64 65
Appendix A A1 Performance Framework

- A1 Performance Framework
Fig.11 Core Economic outcomes and targets

Unlock Economic Potential


2020 Economic Vision Core economic Current 2020
outcomes Performance Target

- A2 Sheffield’s Prosperity Gap


Improved overall 241 / 37911 Top 175
Sheffield will be a strong, City Competitiveness
sustainable, international

- A3 Key Economic Challenges economy driven by


enterprise, innovation and
knowledge. The city will
Increased GVA
per head
£17,752 £20,200

- A4 Future Trends be known for its distinctive


and high performing
sectors, its unrivalled
More private sector
knowledge jobs
20% 23.5%

quality of place and its Higher gross annual £24,328 £27,600


highly skilled workforce. wages

Improved 64.1% 67.9%


employment rate

Fig.12 Progress measures


Economic Objective Progress measures

Distinctive and high No. of people employed in ‘GVA driving’ sectors


performing sectors GVA produced in ‘GVA driving’ sector
Increase in employment in ‘Job driving’ sectors

A Dynamic Private No. of additional businesses (No of closures)


Sector
No. of start ups
Productivity – GVA per job across economy

A Skilled and Productive No. of people with level 3 and 4 skills


Workforce
No. Apprenticeships
No. people with level 2 skills

Future Proof Carbon emissions (tonnes per capita)


Infrastructure
Hectares of land developed (office, non-office business, industrial)
Rental values (manufacturing, grade A office, retail)
Rail journey times

An Inclusive Economy Index of multiple deprivation


Unemployment, including youth unemployment
Reduce the number of people with no skills

A High Profile City Brand No. visits to cultural venues


Volume and Value of tourism
Hotel Occupancy

11 Taken from Professor Huggins UK City Competitiveness index

66 67
A2 Sheffields Prosperity Gap
A2. Sheffield’s prosperity gap Fig.13 Components of Sheffield’s Prosperity Gap The graph also highlights how A further way to close the
Sheffield’s performance on key prosperity gap is to out-perform
The ‘prosperity gap’ was first economic indicators like the the national average on key
calculated in the 2008 Economic potential labour supply, the indicators (indicated by a positive
Masterplan based on 2004 employment rate, the sector mix of number). For example, in the
data. It was used to identify the the economy and the productivity original prosperity gap analysis
shortfall between what Sheffield of sectors and businesses are (2004 data) the productivity-
does produce and what it could contributing to the prosperity gap. sector mix indicator was negative,
produce. The analysis showed For example, a large negative contributing -£146 million to the
a ‘prosperity gap’ of over number on an indicator means prosperity gap. In 2009 this is
£1.1 billion and pointed to the that Sheffield’s performance is now positive, reducing the gap by
combination of economic inactivity, lagging the national average and +£60million. This notable change
unemployment, low productivity so is contributing to the prosperity reflects the city’s improved sector
and a poor sector mix as the areas gap. make up, with a broader range
where change was required. of growing sectors. However as
Based on this analysis we know one of England’s largest cities, we
A recalculation of the ‘prosperity that to start to close the prosperity would expect Sheffield to perform
gap’ shows that the GVA gap gap, we need to improve our better than the national average
between Sheffield and the national performance relative to the on this indicator, reflecting the
average persists. This indicates national average on the following comparative strength of the
that although the city’s economic indicators, which are currently knowledge economy in cities.
trajectory has improved, other the largest contributors to the As such we can conclude that
places have grown as strongly prosperity gap: there is further potential to close
meaning that although Sheffield the prosperity gap through
is keeping up, the city has not yet • Productivity sector
strengthening Sheffield’s sectoral
started to close the prosperity gap performance – The strength
mix (productivity sectoral mix).
and meet its economic potential. and productivity of our
sectors and businesses is
Figure 13 is based on the latest below the national average.
analysis available (2009) and • Real employment rate – There
shows that Sheffield’s GVA are not enough jobs available
stands at £9.578 billion against for local people to work
its ‘potential prosperity’, GVA and the number of people
of £11.212 billion12, giving a unemployed and workless in
prosperity gap of £1.63 billion. Sheffield is significant.
The ‘potential prosperity’ highlights
the level Sheffield’s GVA would
be at if GVA per head in Sheffield
(£17,510) were equal GVA per
head nationally (£20,498).

There is further potential to close the


prosperity gap through strengthening
12 If GVA per head in Sheffield was equal to GVA per head nationally, Sheffield’s GVA would equal £11.212 billion.
Shefield’s sectoral mix
68 69
A2 Key Economic Challenges
A3. Key Economic Challenges More business and growing More productive businesses
Moving to a knowledge based Sheffield also has strengths in The report also recognises the
businesses The prosperity gap analysis
Building on the prosperity gap economy other high value sectors, namely: importance and pre-eminence
Sheffield has experienced highlights that the productivity
analysis presented above, we Sheffield’s sector profile advanced manufacturing, creative of advanced manufacturing
growth in its business stock over of our sectors and businesses
have drawn on more detailed data illustrates that Sheffield has fewer and digital industries, healthcare in Sheffield City Region, and
the last ten years, particularly is the main area where we lag
to identify where Sheffield should businesses in higher value, higher technologies and low carbon highlights that this strength
throughout the period 2000- behind other cities in terms of
focus its economic efforts13. skilled sectors in comparison industries. A recent report by underpins the development of our
2005 (corresponding to strong competitiveness. Sheffield’s
to other cites16, which is likely Centre for Cities17 highlights that other high value sectors. Figure
employment growth highlighted productivity (measured by GVA
Private sector job growth to suppress the level of GVA although these high value sectors 15 illustrates the importance of
above). However, businesses per worker) is £39,330 compared
Pre-recession Sheffield’s job being produced in Sheffield. It may not be mass job creators, high value sectors in adding value
density remains low at 289.83 per with core cities and national
growth has been strong with jobs highlights that in comparison to they are important in terms of to the economy.
10,000 population and compares averages of £41,440 and £46,840
in the city increasing by 22% other cities, Sheffield has a lower their contribution to the city’s
poorly against the core cities respectively. Further analysis
between 1995 and 2008. The density of business, financial and productivity and add significant
average of 325.44 and 413.75 shows that we need to focus
expansion of the public sector professional services. Realising value to the economy.
nationally. This will limit the scope on the interventions that drive
has been a key part of this growth our potential in this sector could
for growth and employment productivity and competitiveness
with over half (52%) of the jobs provide a key driver in closing the
creation as there are not enough such as innovation, international
created in the public sector. prosperity gap.
local businesses creating output trade, investment and skills,
Although the public sector is an and jobs. Furthermore, the and that these are all areas for
important part of most large cities
level of start ups in Sheffield is improvement:
growth stories, in Sheffield growth comparatively low and too few of
has been more dependent on the businesses who are starting • Sheffield is 27th of 64 cities in
the public sector. For example, up are then growing to increase registering patents. This in an
although private sector growth their turnover or create significant indication of innovation and is
was strong through 2000-2005 employment14. low given the expertise in the
(led by strong growth in business
Fig.15 Identifying GVA driving sectors - GVA per job
city’s universities
and financial services as well as As Sheffield is primarily a small • More than half of Sheffield
growth in retail, real estate and and medium sized enterprise companies conduct at least
software consultancy services), (SME) economy, ensuring that 80% of their business in the
private sector employment then the city’s starts ups and small city itself15.
fell by an average of 2% per year businesses grow is a clear future
between 2006 and 2008 even priority to create employment for
before the recession hit. Given local people.
reducing public sector resources
and the need to build economic Fig.14 Business base analysis
resilience, we need to rebalance
growth towards the private sector.

13 For further analysis please refer to State of Sheffield


14 2009 data – Based on start up analysis at sole trader, PAYE and VAT registration levels 16 Based on Business Register and Employment Survey, 2010
15 Sheffield – Future skills and employer demand research study, Ecotec, 2010 17 Advancing Ambitions: Creating a sustainable economic future for Sheffield, Centre for Cities, 2011

70 71
A3 Key Economic Challenges
Utilising the city’s skills Firstly, the number of pupils Secondly, there is growing Thirdly, Sheffield also needs Sheffield’s private sector has a Finally, the city needs to respond
Sheffield’s skills profile has gaining 5+ GCSEs at grade A*-C evidence that more intermediate ensure that the progress in the lower density of jobs utilising high to the clear messages intensifying
improved significantly since 2005 including English and maths is and technical level 3 skills are skills profile translates into long level skills than other cities and from business , they tell us that:
and it rivals the national averages low (49%) compared to a national needed in the labour market, and term economic growth. As yet, is more dependent on the public • Education does not produce
and compares well with other average (58%). As such, Sheffield this is the section in the skills the city is not seeing the higher sector for high skill employment young people with the full skills
core cities at level 2, 3 and 4. has moved from being the 3rd profile where improvements have levels of GVA, productivity opportunities18. Sheffield set needed for working life.
For example, 33% of Sheffield’s best Core City on this indicator been static. Workplace training is and incomes which normally benefits from two highly reputable • It is getting harder to recruit
working age population is now in 2006/7 to the 7th best (of 8) an important part of increasing accompany such improvements universities that, together, produce people with the technical and
qualified to NVQ level 4 or above in 2010/11. At a time when the skills at this level as well over 70% in the skills profile. This could be 12,000 graduates annually in a vocational skills they need.
and 67.8% at NVQ level 2 or skills levels required for many of the 2020 workforce is already due to time a lag – skills levels wide range of disciplines but too • The employability and
above. occupations continues to rise, in work. Skills providers need to increased sharply between 2005 few are to be utilised by the city’s transferable skills that breed
this could preclude many young be more responsive to business and 2011, and it may take some private sector. This is an indication success in the workplace are
In spite of this progress a number people from well paid work, and needs in delivering the right time for the economy to adapt and that the added value of higher underdeveloped.
of challenges remain which if not addressed will ultimately skills. We need more employers utilise these extra skills, especially skills in terms of competitiveness • The skills systems is a barrier,
need to be addressed to ensure undermine the strength of the to invest in training to ensure during a period of economic and productivity is not being rather than a driver of business
improvements in the skills profile future workforce. that businesses have the skilled downturn and recession. However, exploited to full effect in some growth. The skills system can
continue and moreover that these people they need to grow. the major factor is likely to relate parts of our economy. be bureaucratic and inflexible
improvements translate into to differential take up of high level and a more integrated and
long term competitiveness and skills in the public and private business led skills system is
economic growth. sectors. needed.

Fig.16 Improving skills profile

Workplace training is an important


part of increasing skill levels in
the city, and ensuring businesses
have the skilled people they need to
support growth.

18 46% of high skilled jobs in Sheffield are in the public sector, this is much higher than other cities and nationally where it is 36%. The ratio of high skilled jobs to low
skilled jobs in the private sector is one of the lowest across the Core Cities at 1.06, compared to the national average 1.25

72 73
A3 Key Economic Challenges
Creating the conditions for • Lack of office space in The city’s profile The challenge now is for partners Connecting people to growth We also need to ensure that
growth general is not a widespread Sheffield is competing on a across the city to work together to The employment rate in Sheffield those who face a labour market
Businesses tell us that having barrier to business growth global scale to increase its level champion and utilise the brand, to is 65.7%, the third highest of disadvantage, for example, low
the right city infrastructure but there may be future of investment and business promote messages nationally and the eight Core Cities in England. skilled people, lone parents,
and environment is integral shortages in particular areas, relocations, attract and retain internationally that make Sheffield However, it still lags significantly individuals who have suffered
to creating the conditions for including grade A city centre skilled and talented people, distinct from competing cities, and behind national average of 70.3%. from domestic abuse or
economic growth. Sheffield’s city office space which is key to encourage business and leisure boost the city’s presence in target In Sheffield there are 48,000 substance misuse, people from
infrastructure includes transport, underpinning expansion of visitors to the city, and host markets. people claiming out of work ethnic minorities, migrants, ex-
housing, buildings, development Sheffield business, financial major cultural, sporting events, benefits in Sheffield. Of these: offenders, homeless individuals,
land and digital infrastructure, and professional services. conferences and conventions. If As one of the UK’s major cities, • Over 18,000 are claiming Job people with physical disabilities
and increasingly extends to • Sheffield’s carbon emissions the city is to achieve higher levels we are also looking to enhance Seekers Allowance or sensory impairments and
factors such as energy supply fell from 7.3 to 5.7 tonnes per of economic growth, we need to our reputation among key • 24,600 are claiming Incapacity those with learning disabilities
and resilience to climate change, capita between 2005 and capture a bigger share of external decision-makers and influencers, Benefit or Employment Support or mental health conditions have
for example, risk of flooding. In 2009. Reductions were lowest markets. To do this we need to particularly within Government, Allowance the targeted support they need
challenging economic times, for road transport (7.5%) and develop, invest in and promote and a number of our events • 5,600 lone parents are claiming to have equal access to job
support for medium and large- steepest for industry and a strong set of city products are now attracting interest and work related income support. opportunities19.
scale infrastructure projects can commerce (25%). The latter including quality infrastructure support from Ministers and
be more difficult to justify but it is now accounts for 45% of all and environment, a vibrant senior officials. This is critical to Providing opportunities for Connecting local people to jobs
important that we find a balance emissions which has potential cultural, retail and city centre challenging out-dated perceptions unemployed and workless people is one of the main ways in which
between long-term investment to future implications as we seek offer, and a skilled and talented of Sheffield and ensuring that to work, primarily demands more we can ensure that everyone in
promote growth and focusing on to build on our manufacturing workforce. These are all pivotal there is an understanding of what jobs, however jobs alone will not the city benefits from economic
short-term savings. A pause in strengths, particularly in the factors in creating a compelling the city has to offer the wider UK be enough. Individuals who have growth, as work can improve
this type of investment now could Lower Don Valley. offer for investors, businesses, economy at the most senior level been out of the labour market people’s life chances, increase
put future growth and the city’s • The Sheffield Energy and talent and visitors, as well as of decision-making. for a significant amount of time their incomes and help to lift
overall competitiveness at risk. Water Infrastructure Study supporting a good quality of life will have complex barriers to people out of poverty. To illustrate
The following evidence identifies highlights the importance of for the city’s residents. work and as such we also need how important this is to the
critical areas for action that would environmental assets and to equip them with the skills and economy, if we closed the gap in
provide the city with a resilient resilience (including ‘green A priority in the first Economic confidence they need to access employment rates20 and income
infrastructure that supports infrastructure’) and identifies Masterplan was to develop a job opportunities. between Sheffield and national
growth: specific physical infrastructure coherent brand identity for the average, we could close the
• An extra 495,000 trips per day challenges to long term city and a co-ordinated marketing prosperity gap of £1.63billion by
on highways in the Sheffield development. effort across all stakeholders. £1billion.
City Region means that without • New housing completions have Marketing Sheffield has led this
preventative measures such a fallen sharply from a peak of activity on behalf of the city, and
rise would significantly worsen nearly 3,000 per year to just we now have a strong ‘Sheffield’
congestion and increase over 900 in 2010/11. House brand that has a distinctive
carbon emissions by 12%-17%. prices have remained fairly visual look, and is underpinned
• Growth in rail patronage by 4% static in the last two years, by values that reflect the city’s
per annum to 2026 and by 7%- but house sales have fallen character – ‘authentic and
9% at peak times and continual significantly. independent’.

We need to create the conditions for


growth in the use of Sheffield
Supertram could present future

growth, providing the right infrastructure,


capacity challenges.

utilities, skilled people and city offer to


underpin future growth
19 Sheffield’s Employment Strategy 2012
20 Closing the gap to the national average employment rate would mean the creation of over 17,000 jobs

74 75
A4 Future Trends
A3. Future Trends
Just as the financial and economic • Diminishing natural
landscapes change rapidly, there resources and changing
are a number of future trends energy markets will lead to
that will impact on cities for many higher energy prices and
years to come21. By planning an increasing uncertainty
for and reacting to these early, of energy supply. Potential
Sheffield will be better placed opportunities are in areas
to defuse threats, exploit new such as renewable energy
opportunities, and build a more and heat generation.
resilient economy. Key trends
include: • Globalisation and changing
economic geography will
• An ageing and more diverse require new trade strategies
population meaning a in relation to large, rapidly
changing workforce and growing economies.
increasing pressure on local
services. • Technological convergence
and rapid advances in new
• A dramatically changing technologies reinforcing
climate with an increased the need for intelligence,
chance of more extreme innovation and creative
weather events means approaches that span multiple
building environmental, sectors and specialisms.
structural and economic
resilience for the city and its • Rising demand for higher
businesses. level and transferable skills
which will be vital to the
• An over-riding requirement to success in the ‘knowledge
reduce carbon emissions. economy’.
Carbon consumption cannot
continue at current levels and
Sheffield will need to play
its part in radically reducing
carbon emissions and
exploiting new opportunities
to stay competitive.

21 The Future of Yorkshire and Humber: trends and scenarios to 2030, Henley Centre and Yorkshire Futures,
2008; Building the New Leader, HayGroup, 2011

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Sheffield
Economic
Strategy

DP13557

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