Develop Nottingham’s international standing for science and innovation, sports and culture
By 2020, Nottingham will be
The City of Nottingham is at the heart of Greater Nottingham’s economy and its attraction as a city of learning, leisure, culture and sport. Greater Nottingham is home to 630,000 people, including over 400,000 of working age. The city’s travel to work and retail catchments extend well beyond Greater Nottingham’s boundaries. Nottingham’s economy is strong and has been growing faster than the national and regional averages for the last few years, with relatively high productivity. Today there are over 300,000 jobs across the conurbation, with particular strengths in the service sector, including a high proportion of public sector jobs. There is also growing strength in the science and technology sector particularly in biomedical and pharmaceutical industries, as well as in the creative industries, drawing on the city’s rich arts and cultural scene. However, the city’s business start-up rate lags behind the national average and the skills base in the city is not broad or deep enough.
The 2020 ‘World Class’ challenge for Nottingham is to invest in its assets of national and world class significance, building on existing strengths, to provide a clear role for the city in the 21st century, strengthening the foundations of a knowledge economy able to compete on a European stage, and providing more jobs for local people. Nottingham will be a city of science, a city of sport, a city of culture and creativity; a great European city. We will also underpin this by investing in the skills of local people and the city’s physical infrastructure. And we will need to be innovative in our approach as we move towards a lower carbon economy, beginning now by setting annual carbon budgets across the city.
Clearly, the present recession represents a significant challenge. It will inevitably slow our progress over the next few years. But it will not stop progress, and Nottingham will emerge from this recession.
Our Economic Resilience Forum and Task and
Finish Group have put together an action plan
for short, medium and long term responses
to the recession that will deliver immediate
benefi ts now and also help to position us for
longer term growth. The Forum brings together
high calibre local leaders including experts in
business, economics and/or finance who can offer
insight into the factors that make cities uniquely
placed to drive the future economic prosperity
of the UK. Actions include the following: