CITY Deal is focused on increasing productivity and growth and could see almost £300 million of investment into the region's marine and advanced manufacturing sectors, creating over 9,000 jobs. Major Initiatives include:
Export advice - to complement Torbay's Economic Strategy which seeks to maximise on local businesses' potential to improve export activity and the new South Devon Export Network.
Helping 1,500 young people across the region into work, many of whom will be from Torbay, thanks to a package of initiatives which aim to give the next generation new skills.
Developing the marine economy in Brixham – the TDA, Torbay Council, Brixham Town Council and the local business and resident community are working to develop proposals into actions that will create new investment and jobs in this sector."
Partnership on the GAIN (Growth Acceleration and Investment Network) Hub coordinate business support and provide innovation, manufacturing and export advice.
The South West Manufacturing Advisory Service (SWMAS) is running Leadership Development workshops across the region. The Plymouth and South West Peninsula City Deal covers Devon, Plymouth, Torbay, Cornwall and Somerset is aimed at boosting productivity and growth across the South West region.
The first of the City Deal's initiatives to be launched is the GAIN Growth Hub which collates all business support available across the City Deal area in one place, making it as easy as possible for local companies to access.
The GAIN Growth Hub contains everything businesses need to know to help them succeed and grow, from expert business advice and mentoring to innovation workspace and R&D facilities, funding and investment support.
Working closely with the TDA's business support service, a new telephone and email helpline has been launched – the Business Engagement Service Helpline – 0800 073 2020 or email email@example.com
A new GAIN website – www.gaininbusiness.com – provides a comprehensive resource and forum for businesses that want to grow, people with ideas and investors.
Paul Glossop, GAIN partnerships manager, said: "We are working closely with Torbay Council and the TDA to the benefit of all businesses in Torbay so that together, we can deliver a comprehensive, thorough service offering support on every aspect of starting up and running a business.
"A company can contact the TDA for face-to-face support at ground level and move on to the Business Engagement Helpline for more far-reaching support encompassing wider issues."
As part of the City Deal business support service, the South West Manufacturing Advisory Service (SWMAS) is running a bespoke programme of support and capacity-building work for the marine manufacturing sector until November. Also, SWMAS offers Innovation Vouchers that enable SMEs to buy business support from a wide range of organisations.
The team delivering the City Deal is working closely with regional authorities including Torbay Council, the Torbay Development Agency, Devon County Council, Plymouth City Council, West Devon Borough Council and South Hams Council, as well as universities in Plymouth and Exeter and chambers of commerce across the South West.
The GAIN team will host a road show during South Devon Enterprise Week between November 17 to 21, which the TDA will promote as soon as the date is arranged so keep an eye on HE3 and check the TDA website for all the latest events to be announced: www.torbaydevelopmentagency.co.uk and for information about the City Deal: www.plymouth.gov.uk/citydeal
"Torbay and our partners in neighbouring authorities, Plymouth University and the LEP can be proud of the creativity and vision in the Peninsula City Deal.
"Torbay will reap the benefits of this landmark deal through its focus on the marine economy - particularly in Brixham – where I am delighted to have been part of negations to bring about Plymouth University's recent acquisition of the Brixham Environmental Laboratory site. This initiative offers a unique opportunity to promote growth in the marine science sector, attracting inward investors and growing the knowledge base locally.
And with wider momentum, the benefits of the City Dealt will be felt throughout the Bay - where the improved export activity and business support that will be delivered, will complement our local drive to generate new jobs and investment.
"I look forward to continuing my work with partners to support the delivery of the action plan that will deliver real opportunities for growth."
Torbay Mayor and Executive Lead for Employment and Regeneration, Gordon OliverGordon Oliver
"The Peninsular City Deal is another boost in the economic regeneration of Torbay, and we are working with our partners to ensure that the benefits of this historic deal are felt throughout the Bay and the south west region.
"The Peninsula City Deal means that the TDA can contribute to initiatives to generate economic prosperity."
Torbay Development Agency
Director of Economic Strategy