Partnership Shortlisted for Promoting Economic Growth Award

The Exeter and East Devon Growth Point has been shortlisted for a 2014 Placemaking Award in the Promoting Economic Growth category.

The national Placemaking Awards are run in association with Planning and Regeneration & Renewal publications and recognise projects, plans, people and organisations that are making places better.

This award will go to the project, plan or initiative that is likely to benefit a place or community by contributing directly to sustained economic growth in it. Entries have to demonstrate evidence of how they plan to lead sustained economic growth, or if already in process how they are helping to lead to such growth.

The Exeter and East Devon Growth Point is a partnership between the four local authorities of Exeter City, East Devon District, Teignbridge District and Devon County Councils. Together with a wide range of private sector partners the local authorities have collaborated through a Board structure to deliver an ambitious growth programme, expected to create around 20,000 new homes and over 25,000 jobs in the period up to 2026. 

Exeter Science Park has started to welcome its first tenants and high-tech companies to its campus and Skypark will soon have its first occupier, between them employing over 150 people. Vital road infrastructure and public transport is in place, as is the low-carbon district heating network which serves Cranbrook and Skypark.

With over £90 million in public funding support, this is likely to lever over £2bn of private sector investment in the Growth Point area. The forward funding of infrastructure has helped to overcome key barriers to the delivery of the major developments, namely high up front costs.  The fact that this investment is repaid on a roof tax basis as development proceeds represents excellent value for money.

Cllr Pete Edwards, Leader of Exeter City Council and the Chair of the Growth Board said: “The ethos behind the Growth Point partnership is collaboration between the private and public sectors.  The board comprises of key business leaders from the area as well as the main leads from the strategic developments.  This together with representatives from all the local authorities, the board provides a united platform on which to deliver strategically planned, sustainable economic growth.”

Gerry Shattock, General Manager, Exeter Science Park added:  “Our aim is to build a location where top scientists and technologists can focus on business growth and be connected with a wide knowledge base including the University of Exeter and the Met Office. This requires a balance between a pleasing work environment and effective infrastructure and I believe that we are well on our way to achieving this with a customer-centric attitude which pervades the whole Exeter and East Devon Growth Point.”

Representatives from Exeter and East Devon Growth Point are travelling to London for the Placemaking Awards at the British Museum on Tuesday 28 January when the result will be announced.

For more information about the Placemaking Awards visit www.placemakingawards.com

Issued 23 January 2014