Economic Development Strategy & Action Plan 2024 - 2028

Ended on the 8 June 2024

Area of focus 4: Inward Investment

ACTION TO TAKE PLACE

BY WHOM? PARTNER ORGANISATION

TIMESCALE

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ONGOING

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3

4.1

Support for foreign-owned businesses

Help all foreign-owned businesses in South Kesteven to grow

  • Work with the Department of International Trade (DiT)
  • Head of Economic Development & Inward Investment supported by Business & Skills Officer in collaboration with Lincolnshire County Council Economic Growth Officers

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4.2

Produce a pitch book with accompanying aerial filming with motion graphics to promote South Kesteven at events for developers

Develop an investment prospectus to promote the District regionally and nationally as an excellent location for inward investment

  • Head of Economic Development & Inward Investment working with planning policy/ Local Plan and land allocation
  • Work with local landowners/stakeholders

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4.3

Produce a pitch book with accompanying aerial filming with motion graphics to promote South Kesteven at events for developers

Commission aerial filming with motion graphics of South Kesteven

  • Head of Economic Development & Inward Investment to determine brief for commissioning and procurement

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4.4

Produce a pitch book with accompanying aerial filming with motion graphics to promote South Kesteven at events for developers

Pursue Government and other agencies funding to pilot schemes where the potential economic impact is justified, yet may not be fully evidenced

  • Head of Economic Development & Inward Investment to collaborate with Lincolnshire County Council to capitalise on the benefits of the Team Lincolnshire brand

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4.5

Developing investment- ready projects

Develop a pipeline of future District Council projects to ensure the substantial level of growth planned within South Kesteven can be accommodated without being detrimental to levels of accessibility, connectivity and services

  • Head of Economic Development & Inward Investment to collaborate with Lincolnshire County Council, stakeholders, Government agencies and funders as relevant

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4.6

Enhance digital connectivity

Support and unlock investment in the roll-out of gigabit-capable internet across the District

  • Economic Development Team to support businesses in accessing benefits of Internet roll-out as appropriate

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4.7

Enhance digital connectivity

Develop digital-friendly local planning and street works policies and implement good practice from other areas

  • Economic Development Team to work in partnership with housing, planning and the highways authority

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4.8

Champion a stronger local economy

Promote South Kesteven as a prime location for inward investment, including foreign direct investment, new projects, expansions, mergers and acquisitions

  • Head of Economic Development & Inward Investment to work with key public sector partners such as Greater Lincolnshire LEP and Team Lincolnshire

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4.9

Champion a stronger local economy

Showcase investment opportunities and access talent at appropriate trade shows and national forums such as the UKREiiF (the UK's Real Estate Investment and Infrastructure Forum)

  • Head of Economic Development & Inward Investment to lead

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4.10

Support business expansion and talent attraction

Help businesses locate, relocate, rebuild and develop new ventures, especially in emerging sectors

  • Head of Economic Development & Inward Investment to lead
  • Engage with community, industry and education partners

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4.11

Supply sites for industry

Ensure a healthy supply of land for businesses and employers across South Kesteven. To include, where appropriate, bringing forward Council-owned land that becomes available as public sector services are deployed to alternative sites in the District

  • Head of Economic Development & Inward Investment to lead on collaborating with stakeholders and working with planning policy team to identify business land

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4.12

Increase partnership working with developers and investors

Support those developers and investors that provide high-quality employment opportunities, especially but not limited to target growth sectors such as manufacturing and engineering, construction, professional, technical and scientific services, the health sector and the recreation and arts sectors

  • Head of Economic Development & Inward Investment to lead, working with Lincolnshire County Council and all relevant colleagues to highlight, support and promote development opportunities to relevant sectors

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4.13

Increase partnership working with developers and investors

Design and implement a model for more effective use of S106 (new Infrastructure Levy) and planning fees to support economic development activity

  • Head of Economic Development & Inward Investment to support Assistant Director of Planning & Growth

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4.14

Support innovation and enterprise activities

Support and deliver sites and premises at locations across South Kesteven that will secure further public and private investment in innovation and enterprise activities

  • Head of Economic Development & Inward Investment to lead to lead in collaboration with planning and corporate projects (OD and Change) to identify development sites and liaise with stakeholder delivered sites, and leverage the social and commercial benefits of Council-led developments

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4.15

Optimise local benefits of nationally significant infrastructure projects

Support and work to maximise the local economic benefits of nationally significant infrastructure projects that are planned for delivery in South Kesteven over the coming years

  • Head of Economic Development & Inward Investment to lead a review of projects

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