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Thames Valley Berkshire LEP Impact Report 2017 - 2018

Introduction

This is our 2018-19 story.

Scroll down the page to see the progress we have made towards implementing our Strategic Economic Plan.

Investing
in Growth

The details of the projects, their status and the level of investment is set out in these Investment Summaries

Read more

Our Eight Fundamentals

Delivering national growth, locally

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Snapshot
 

Read a snapshot of our progress in implementing the Strategic Economic Plan

Read more

Our year in 90 seconds

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Impact summary

Measure

Baseline 2015
See Below
Progress 2016
See Below
Progress 2017
See Below
Progress 2018
See Below
Change From 2015
See Below
(out of 38 LEP areas)
See Below
Source and Year of Publication
See Below

GVA per head (2016 prices)

Baseline 2015
£36,512m
Progress 2016
£37,092m
Progress 2017
£37,797m
Progress 2018
Next data release - Dec 2019
Change From 2015
3.5%
(out of 38 LEP areas)
12
Source and Year of Publication
ONS, 2019

Productivity (GVA per hour worked) (2016 prices)

Baseline 2015
£40.80
Progress 2016
£40.74
Progress 2017
£41.30
Progress 2018
Next data release - Feb 2020
Change From 2015
1.2%
(out of 38 LEP areas)
2 3 1
Source and Year of Publication
ONS, 2019

Unemployment rate 16-64 (12 Months to Dec)

Baseline 2015
3.8%
Progress 2016
3.6%
Progress 2017
2.9%
Progress 2018
3.1%
Change From 2015
-0.7% Points
(out of 38 LEP areas)
10th lowest unemploy
Source and Year of Publication
Annual Population Survey, ONS, 2019

Number of private sector employees

Baseline 2015
431,100
Progress 2016
454,300
Progress 2017
443,800
Progress 2018
Next data release - Sept 19
Change From 2015
2.9%
(out of 38 LEP areas)
2 3 1
Source and Year of Publication
Business Register and Employment Survey, ONS, 2019

Working age population with Level 3+ qualification (12 months to Dec)

Baseline 2015
63.5%
Progress 2016
64.9%
Progress 2017
63.7%
Progress 2018
65.3%
Change From 2015
1.8%
(out of 38 LEP areas)
6th highest
Source and Year of Publication
Annual Population Survey, ONS, 2019

Quality of life

Baseline 2015
Score 2013-2015: 0.8
Progress 2016
Score 2014-2016: 0.8
Progress 2017
Score 2015-2017: 0.9
Progress 2018
Next data release - Nov 19
Change From 2015
Up 0.07
(out of 38 LEP areas)
2 3 1
Source and Year of Publication
Good Growth, PwC, 2018
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Facts and figures

Economic output

THAMES VALLEY BERKSHIRE REST OF THE UK LONDON
Thames Valley Berkshire has the highest productivity rates outside of London
ONS, 2019

Growth forecasts

UK TVB 2019 2018 2017
With UK-leading growth forecasts, Reading and the Thames Valley are expected to outperform the rest of the UK until 2021 (EY Region and City Growth Forecast, 2018)
EY REGIONAL ECONOMIC FORECAST, WINTER 2017-2018

Growth output

Berkshire’s economy generated output (GVA) to the value of £37.8bn in 2017

Foreign-Owned Businesses

Foreign-owned businesses account for 47% of turnover in Berkshire and 30% of employees

R&D Expenditure

R&D expenditure as a proportion of local economic output (GVA) is high in Berkshire at just over 4%; this is the fifth highest figure of all 38 LEP areas.

Collaborative innovation

Berkshire firms are some of the most collaborative in the England with 37% work with others on innovation
UK Innovation Survey 2017, BEIS

Around the sub region

Research & development

Many global firms have chosen to locate their R&D activity in Thames Valley Berkshire
TVB LEP, 2017

Digital-tech concentration

Berkshire has the highest concentration of digital-tech businesses in the UK
TechNation 2017

Scale
ups

The number of scale-up firms in Berkshire is increasing at a greater rate than the national average
Scale-Up Institute, 2019

Digital technology

One in nine jobs in Berkshire are digital-technology specialist jobs
Thames Valley Berkshire Skills Priority Statement 2018, Thames Valley Berkshire LEP

Returning graduates

41%
41% of graduates who leave Berkshire to study, return for employment, the highest proportion in the country
HEFCE, Higher Education and Local Growth, 2015

Research & development

Nearly a quarter of firms in Berkshire undertake R&D
UK Innovation Survey 2015, BEIS
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Our investment journey

  • Infrastructure
  • Business Environment
  • People
  1. 2013

    1. JAN 2013

    2. FEB 2013

      • Thames Valley Berkshire Funding Escalator – created
    3. MAR 2013

    4. APR 2013

    5. MAY 2013

    6. JUN 2013

    7. JUL 2013

    8. AUG 2013

    9. SEPT 2013

    10. OCT 2013

      • City Deal agreed with government; Elevate Berkshire programme launched
    11. NOV 2013

    12. DEC 2013

  2. 2014

    1. JAN 2014

    2. FEB 2014

    3. MAR 2014

      • Berkshire Business Growth Hub – created
    4. APR 2014

    5. MAY 2014

    6. JUN 2014

    7. JUL 2014

      • Growth Deal 1 - £96.9m Local Growth Funds (LGF) awarded by Government
    8. AUG 2014

    9. SEPT 2014

    10. OCT 2014

    11. NOV 2014

      • Green Park Railway Station – LGF investment approved
    12. DEC 2014

  3. 2015

    1. JAN 2015

      • Growth Deal 2 - £10.2m LGF awarded by Government
    2. FEB 2015

      • Warfield Link Road – work starts
    3. MAR 2015

    4. APR 2015

      • Bracknell Town Centre – work starts
      • Coral Reef Junction – work starts
    5. MAY 2015

    6. JUN 2015

      • Reading Engineering Solutions Lab – work starts
    7. JUL 2015

    8. AUG 2015

    9. SEPT 2015

    10. OCT 2015

    11. NOV 2015

    12. DEC 2015

      • Slough Mass Rapid Transit Phase 1 – work starts
      • Slough A332 Improvements – work starts
      • Slough A355 Route Enhancement – work starts
  4. 2016

    1. JAN 2016

      • Reading Engineering Solutions Lab – completed
      • River Thames Scheme – survey works commence (LGF-funded)
      • River Thames Scheme – survey works completed (LGF-funded)
    2. FEB 2016

      • London Road Industrial Estate – work starts
    3. MAR 2016

      • Berkshire Enterprise Advisor Network – launched
      • Newbury Solutions Lab – work starts
      • Elevate Berkshire – programme funded through European Social Fund (ESF)
    4. APR 2016

      • Coral Reef Junction – completed
    5. MAY 2016

      • Thames Valley Science Park – work starts (ERDF-funded)
    6. JUN 2016

    7. JUL 2016

      • Sandleford Park – LGF investment approved
    8. AUG 2016

    9. SEPT 2016

      • South Reading Mass Rapid Transit – work starts
    10. OCT 2016

      • King’s Road Link Road – work starts
      • Newbury Solutions Lab – completed
    11. NOV 2016

      • World of Opportunity (WOOP) – ESF investment approved
    12. DEC 2016

      • Building Family Bridges – ESF investment approved
      • Growth Deal 3 – £35.56m LGF awarded by Government
  5. 2017

    1. JAN 2017

      • Burnham Railway Station – work starts
      • National Cycle Network Route 422 – work starts
    2. FEB 2017

      • Slough & South Bucks A4 Cycleway – work starts
      • Slough A355 Route Enhancement – completed
      • Digital Gum - LEP-funded project commences
    3. MAR 2017

      • London Road Industrial Estate – completed
      • Martins Heron Roundabout – work starts
      • Berkshire Cares – LEP-funded project commences
    4. APR 2017

    5. MAY 2017

    6. JUN 2017

      • Reading IT Solutions Lab – work starts
    7. JUL 2017

      • Wokingham Park & Ride – LGF investment approved
    8. AUG 2017

    9. SEPT 2017

      • Bracknell Town Centre – completed
      • Reading IT Solutions Lab – completed
    10. OCT 2017

      • Solutions Lab specialising in Sustainable Energy at BCA – work starts
    11. NOV 2017

      • East Reading Mass Rapid Transit – LGF investment approved
      • Maidenhead Railway Station – LGF investment approved
      • South Reading Mass Rapid Transit Phases 3 & 4 – LGF investment approved
    12. DEC 2017

      • Slough Mass Rapid Transit Phase 1 – completed
      • Superfast Berkshire Broadband coverage exceeds 95% (at 96.39%)
  6. 2018

    1. JAN 2018

      • Smart City Cluster - work starts
      • Berkshire Apprenticeship Hub - ESF investment approved
      • 31 schools engaged in the Berkshire Enterprise Advisor Network
    2. FEB 2018

      • Solutions Lab specialising in Sustainable Energy at BCA – completed
      • Wokingham Park & Ride – work starts
    3. MAR 2018

      • Thames Valley Science Park – first tenants move into ‘Gateway’ building
      • Langley Railway Station – work starts
      • South Reading Mass Rapid Transit Phases 3 & 4 – work starts
      • Green Park Railway Station – work starts
    4. APR 2018

    5. MAY 2018

      • Digital Gum - LEP-funded project completed
      • University of Reading’s HealthReach - LGF investment approved
    6. JUN 2018

    7. JUL 2018

      • Bracknell A3095 Corridor - LGF investment approved
      • Newbury Railway Station Improvements - LGF investment approved
      • Skills support for the workforce - completed
    8. AUG 2018

      • Newbury Sandleford Park – work starts
      • Skills for Care – ESF funded project completed
    9. SEPT 2018

      • Sustainable Transport A4 Cycle Route - completed
    10. OCT 2018

      • Bracknell A3095 Corridor – work starts
    11. NOV 2018

      • Slough MRT phase 2 - BRRP investment approved (part)
      • Wokingham Winnersh Relief Road - BRRP investment approved
    12. DEC 2018

  7. 2019

    1. JAN 2019

      • East Reading MRT – LGF investment withdrawn
      • Maidenhead Station Access – work starts
      • Maidenhead: Housing Sites Enabling Works Phase 1 - LGF investment approved
      • Newbury Railway Station Improvements – work starts
      • Slough MRT phase 2 - BRRP investment approved (part)
    2. FEB 2019

    3. MAR 2019

      • Care Skills Training Centre at Reading College - LGF investment approved
      • Gearing up for STEM (Worlds of Opportunity) – ESF funded project completed
      • Langley College – The Slough Community College for HE - LGF investment approved
      • Promoting Apprenticeships – ESF funded project completed
      • Reading Digital Skills Hub - The Curious Lounge - LGF investment approved
      • SATRO Mobile Classroom - LGF investment approved
      • University Centre Newbury - LGF investment approved
      • University of Reading’s HealthReach - completed
      • Wokingham Winnersh Triangle Park & Ride - LGF investment approved
    4. APR 2019

    5. MAY 2019

    6. JUN 2019

    7. JUL 2019

    8. AUG 2019

    9. SEPT 2019

    10. OCT 2019

    11. NOV 2019

    12. DEC 2019

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Programmes

We’re funding many key projects with partners across Thames Valley Berkshire. Our programme of works is focused on three specific areas of activity to successfully deliver the Strategic Economic Plan: Infrastructure; Business Environment; and People.

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Our leadership

  • Jacinta George

    Jacinta George

    Life Sciences and Healthcare Lead

  • Dr. Philippa Roles

    Dr. Philippa Roles

    SME Lead

  • Tim Smith MBE

    Tim Smith MBE

    Chief Executive

  • Kate Webb

    Kate Webb

    Further Education Director

  • Sam Foley

    Sam Foley

    Higher Education Lead

  • Charlotte Haitham-Taylor

    Charlotte Haitham-Taylor

    Berkshire Leaders' Group Representative

  • Katharine Horler OBE

    Katharine Horler OBE

    Community Sector Lead

  • David Parry-Jones

    David Parry-Jones

    Technology Lead

  • Peter Read

    Peter Read

    Chairman

  • Tim Wheadon

    Tim Wheadon

    Berkshire Chief Executives' Group Representative

  • Marc Brunel-Walker

    Marc Brunel-Walker

    Deputy Chair

  • Nikki Burns

    Nikki Burns

    Federation of Small Businesses

  • Lynne Doherty

    Lynne Doherty

    West Berkshire Council

  • Malcolm Hyde

    Malcolm Hyde

    CBI (Observer)

  • Andrew Johnson

    Andrew Johnson

    Royal Borough of Windsor and Maidenhead (Accountable Body)

  • Raj Singh

    Raj Singh

    Institute of Directors

  • Charles Eales

    Charles Eales

    Strategic Transport Lead

  • Stuart Munro

    Stuart Munro

    Wokingham Borough Council

  • Tony Page

    Tony Page

    Reading Borough Council

  • James Swindlehurst

    James Swindlehurst

    Slough Borough Council

  • Dominique Unsworth

    Dominique Unsworth

    Social Inclusion Lead

Up Back to top Introduction Our year in 90 seconds Impact summary Facts and figures Our investment journey Programmes Our leadership Downloads Down
Up Back to top Introduction Our year in 90 seconds Impact summary Facts and figures Our investment journey Programmes Our leadership Downloads Down