The LSCC Growth Commission recently announced its work programme that will inform its independent analysis and advice to raise the global economic potential of the London-Stansted-Cambridge Corridor. The work programme will consist of a series of research projects and four inquiry events over the next 10 months. Highlights include:
- An updated economic baseline and understanding of the prospects for growth
- Establishing a scenario that establishes sustainable economic growth, whilst maintaining and enhancing the quality of the Corridor as a location for businesses, ideas and talent.
- Setting out the key characteristics, assets, businesses and capabilities of the Corridor in more detail
- Understanding the existing and future needs of businesses in terms locations, infrastructure, institutions and skills
- Establishing the Corridor’s strategic employment sites, and what is required to unlock development and jobs growth
- A strategic overview of infrastructure and transport requirements over the next 30 years to realise the ambitions and sustainable growth vision
- A series of four inquiry events that will help build and understanding of the potential of the Corridor and how to deliver it
The key outcomes identified at the end of the work programme are:
- Articulate the economic potential: Clearly and convincingly articulate the significant economic potential of the corridor, and a cohesive case for supporting the corridor as an economic development zone. Agree a coherent and sustainable high growth scenario.
- Major collaborative ventures: Provide ideas and details for 3 to 5 “big ticket” deliverables or actions which require collaboration across the corridor
- Propositions for a growth scenario, collaborative ventures and potential transport investments: sufficient to provide enough detail to scope out the likely delivery options, impacts and benefits in some detail. This relates to an agreed high growth scenario, major collaborative ventures, and major transport investments.
- Return on investment: Robustly quantify the economic potential that would result from the deliverables/actions identified and the returns to investment.