The Northern Economic Summit
- 15 November 2018
- 09:25 - 17:00
- The Bridgewater Hall, Manchester
Open Forum Events' annual Northern Economic Summit will support the public and private sectors in building prosperity in Northern England through a programme of innovative, challenging, practical plenaries and case studies. Delegates will collaborate and network with civic, business and tech leaders; economic/scientific/public policy researchers, industry chiefs, local authorities, central government and international diplomats - those providing the services, contributing the ideas and attracting the capital the region needs to become a self-sustaining economic power.
The Northern Economic Summit will:
The pioneering spirit of Greater Manchester's historic economic and socially progressive leadership - from the industrial revolution to the women's suffrage movement - is captured in the region's Local Industrial Strategy. Mayor of Manchester, Andy Burnham will welcome delegates to the city with a keynote that expands on the economic, technological and sustainability initiatives that the Greater Manchester Local Industrial Strategy will drive, including:
Mr Burnham will put forth the case as to why the new Prime Minister's spending pledges on projects such as Northern Powerhouse Rail must be honoured - as vital initiatives for long-term pan-regional growth.
Sarah Davies, Lead on the Department for Environment, Food and Rural Affairs' Urban Pioneer project will highlight the interaction between the economy, resilience and environmental sustainability - particularly how our approach to the environment influences and determines international investor appetite as well as maximising local economic and health benefits.
Subsequent to establishing the Manchester China Forum in 2013, GM's links with China have grown from strength to strength. Greater Manchester and the broader Northern Powerhouse region have seen a surge in inward investment, Chinese tourists, students and an increase in academic collaboration; some of the recent success can be attributed to the Manchester China Forum's strategy of prioritising the development of direct air routes between Manchester Airport and China.
At last year's NES, Minister Ma Hui from the Embassy of the People's Republic of China in the UK spoke on how parallels between the Northern Powerhouse and China's Belt and Road initiative have facilitated unprecedented inward investment from China into Northern England, rapid growth of collaboration between Chinese/northern academic researchers and industry in the development of artificial intelligence and graphene; as well as improved economic ties between Chinese and northern commerce. Rhys' keynote will explore opportunities for the region in Phase 2 of the Manchester China Forum investment strategy, including:
Oldham became the world's leading economy during the industrial revolution; boasting more millionaires per-capita than anywhere else on the planet. Since de-industrialisation in the mid-20th century, the borough's economy has naturally contracted. Cllr Fielding, leader of Oldham Council, will expand on issues pertinent - but not exclusive - to the borough, detailing challenges he's encountered in reinvigorating the local economies:
Beyond the hype of blockchain what are the benefits that decentralised finance can bring to the Northern economy? Gavin will critically explore case studies drawn from global best-practice that will exhibit the potential of this technological disruption and how this may be better leveraged at both the regional and national levels.
Synopsis coming soon...
'The North could thrive in the decades ahead. Its economy is significant on an international scale: it is larger than most EU economies, and those of the UK’s devolved nations combined; and it has vital assets and capabilities which have national importance and global reach.'
Luke's research for IPPR received national coverage for spotlighting the historic and continued disparity between North/South transport infrastructure investment; projecting (based on the government's own National Infrastructure and Construction Pipeline) over the next 14 years, London will receive £3,636 per-capita in contrast to £1,247 per-capita in the North.
Luke will present findings from his research into driving economic prosperity in the North, including:
The N8 Research Partnership (N8) is the collaborative body for the universities of Durham, Lancaster, Leeds, Liverpool, Manchester, Newcastle, Sheffield and York. The N8 universities deliver more than £12 billion of revenue for the North, provides assistance to more than 31,000 businesses and generates in excess of £6.6 billion GVA as well as being responsible for 119,000 jobs in the region. N8 research programmes drive growth of the knowledge-based economy through the development of world-class interdisciplinary, translational research that deliver real world impact.
Synopsis coming soon...
The UK public sector spends £200bn a year. Every additional 1% that is spent in the North will represent an economic boost of £6bn due to the knock on the supply chain and local spending. The Crown Commercial Service, which is the leading public sector procurement organisation, will explain how CCS can work more with the wider public sector across the country to help them get value-for-money from their common goods and services procurement.
Local Enterprise Partnerships are collaborative projects between local authorities councils and business established to determine the economic priorities in local areas; driving growth, creating jobs and upskilling the work force. In his keynote, Phillip Cox will discuss how he's leading the Cheshire and Warrington LEP towards becoming a £350bn economy by 2030.
This keynote presentation will provide a detailed breakdown from the Department for International Trade of the opportunities, funding and support available to help Northern businesses export.
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