SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.

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SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
SOLENT LEP 2017 ANNUAL CONFERENCE
BUILDING BRIGHTER FUTURES TOGETHER.
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
G A RY J E F F R I E S
SOLENT LEP CHAIRMAN
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
QEC Overview
John Newell MBE
Head of QEC Support BAE Systems Maritime Services
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
Why does the UK need a carrier?

 The Fact that the UK is an island nation affects the livelihood of every
                     single person living in Britain.

And despite all the advances in technology and air travel, 95 per cent of
          Britain’s economic activity depends on the oceans.
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
Why does the UK need a carrier?

 ‘To question why the UK needs an aircraft carrier is
to ignore the realities of being a significant player on
    the global stage with peacetime, wartime and
            humanitarian responsibilities’.

 Captain Simon Petitt former Senior Naval Officer of HMS Queen Elizabeth
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
QEC – Queen Elizabeth Class

     With a lifespan of 50 years, HMS Queen Elizabeth
         and HMS Prince of Wales will continue to
have an influence around the World as they safeguard the UK’s
                 interests well into the future.
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
QEC carrier capabilities

4 AIRBORNE
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
Sense of Scale
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
Sense of Scale
SOLENT LEP 2017 ANNUAL CONFERENCE BUILDING BRIGHTER FUTURES TOGETHER.
Comparative Size

Hunt   OPV   Type 45 Type 23   Queen Elizabeth   USS Nimtz
                                   Carrier
Context – 283m, 65000 tonnes

                        Queen Elizabeth Class (UK)
                        65,000 tonnes
                        Invincible Class (UK)
                        20,000 tonnes
                        Charles de Gaulle (Fr)
                        45,000 tonnes
                        Nimitz Class (USA)
                        90,000 tonnes
QEC Carrier Aircraft
▪All weather day/night operating capability

Merlin Mk2                   F35-B Lightning II   Crowsnest

 Lynx Mk2                     Chinook              Apache
Preparations for QEC arrival
Preparations for QEC arrival
Preparations for QEC Arrival

                   3
▪ 3.5 million metres of dredging
               3
▪ 4,000 metres of concrete demolished

▪ 3,300 tonnes of new steelwork
               3
▪ 2,500 metres of new reinforced concrete

▪ 14 new harbour navigation aids

▪ 1.8km of new cables installed – double the length of The

  Mall in London
16

QEC Centre of Specialisation (COS)
Cats, Brows, Navaids
Socio economic context

▪ 13,000 full-time employees – 77% live in local area
▪ 4.1% of all full-time employees in
  Solent Local Enterprise Partnership area
▪ 7% of all manufacturing in area
▪ Every £1m generated by Base stimulates £750k nearby
Socio economic context

▪ Every 100 full-time employees jobs results in
  66 additional jobs elsewhere
▪ Net household expenditure of all base employees of £181m pa.
▪ Service personnel net household expenditure £2m locally
▪ Potentially additional 2,000 RN locally by 2020
Thank you.
Growth Opportunities in
the Port of Southampton
Big	
  success	
  story
• The	
  UK’s	
  biggest	
  export	
  port	
  
   – £40bn	
  manufactured	
  goods	
  exported	
  each	
  year	
  
   – Over	
  90%	
  outside	
  the	
  EU	
  
   – Critical	
  mass	
  and	
  location	
  real	
  advantage	
  
• The	
  UK’s	
  most	
  efficient	
  container	
  port	
  
• Northern	
  Europe’s	
  biggest	
  cruise	
  	
  port	
  
  – Total	
  over	
  5	
  million	
  passengers	
  a	
  year	
  
• Port	
  plays	
  central	
  role	
  in	
  UK	
  industry	
  supply	
  chain	
  
   – And	
  we	
  are	
  rapidly	
  running	
  out	
  of	
  space……
Masterplan	
  2009
What	
  we	
  believed	
  in	
  2009:

                                    2005     2020         2030
Cruise	
  pax	
  (000)              702      1,498        1,917
Containers	
  (TEU	
  000)          1,382    2,694        4,204
Dry	
  Bulks	
  (000	
  tonnes)     1,357    1,786        2,166
Cars	
  (000)                       724      702          844
%	
  Containers	
  departing	
  by	
   25%   increasing   40%
train
Masterplan	
  2016

Overlay	
  current	
  performance	
  on	
  2009	
  predictions:
                                    2005     2020         2030    2016
Cruise	
  (000	
  pax)              702      1,498        1,917   1,983
Containers	
  (TEU	
  000)          1,382    2,694        4,204   1,943
Dry	
  Bulks	
  (000	
  tonnes)     1,357    1,786        2,166   1,653
Cars	
  (000)                       724      702          844     901
%	
  containers	
  departing	
  by	
   25%   increasing   40%     40%
train
How	
  do	
  we	
  meet	
  demand?
• Primarily	
  a	
  question	
  of	
  space	
  
   – Removal	
  of	
  non-­‐port	
  related	
  activities	
  
   – Relocate	
  peripheral	
  activities	
  where	
  possible	
  
       • £100m	
  on	
  Marchwood	
  Estate	
  
   – Build	
  up	
  -­‐	
  create	
  ten	
  acres	
  from	
  two	
  
       • Creates	
  other	
  challenges	
  
       • 7	
  car	
  parks	
  in	
  ten	
  years	
  –	
  30,000	
  spaces	
  
• Running	
  out	
  of	
  options	
  on	
  current	
  footprint
Explore	
  long	
  term	
  options
Q&A
BREXIT	
  -­‐	
  OPPORTUNITIES	
  AND	
  CHALLENGES	
  FOR	
  THE	
  
                         SOLENT	
  ECONOMY	
  

Panellists:	
  

Rod	
  Bransgrove,	
  The	
  Ageas	
  Bowl	
  
Stewart	
  Dunn,	
  Hampshire	
  Chamber	
  of	
  Commerce	
  
Graham	
  Galbraith,	
  University	
  of	
  Portsmouth	
  
Gary	
  Jeffries,	
  Solent	
  LEP	
  
Cllr	
  Keith	
  Mans,	
  Hampshire	
  County	
  Council	
  
Hazel	
  Warwick,	
  Business	
  South	
  
Alastair	
  Welch,	
  Port	
  of	
  Southampton	
  
BRIAN JOHNSON
SOLENT LEP BUSINESS DIRECTOR
01 Solent LEP: SME Support

                                • £7.5m	
  invested	
  in	
  SME	
  businesses	
  
                                • 100	
  existing	
  businesses	
  funded	
  
                                • 70	
  new	
  businesses	
  started	
  up	
  
                       “Type   a• quote         here.”
                                  1,200	
  jobs	
   created	
  /	
  safeguarded	
  
                                • £30m	
   additional	
   investment	
   leveraged	
   into	
  
                                  supported	
  projects	
  
                                • Solent	
  Growth	
  Hub	
  established
                          –Johnny Appleseed

www.solentlep.org.uk
02 The Solent Growth Fund
                             • Solent	
  Growth	
  Fund	
  
                                 • £5m	
  available	
  across	
  the	
  total	
  fund	
  
                                 • Available	
  for	
  high-­‐growth	
  SMEs,	
  new	
  start-­‐ups	
  with	
  high-­‐growth	
  potential	
  and	
  
                                    SMEs	
  experiencing	
  challenging	
  trading	
  conditions	
  
                                 • Available	
  to	
  support	
  businesses	
  operating	
  in:	
  Marine	
  and	
  Maritime,	
  Advanced	
  
                                    Manufacturing	
   (including	
   photonics	
   and	
   advanced	
   materials),	
   Aerospace,	
  
                                    Defence,	
   Life	
   Sciences	
   and	
   Healthcare,	
   Digital	
   Technologies,	
   Digital	
   Creative	
  
                                    Industries,	
  Oil	
  and	
  Gas,	
  Information	
  Economy,	
  Construction	
  and	
  Clean	
  /	
  Green	
  
                                    Technology	
  
                                 • Can	
  provide	
  up	
  to	
  20%	
  of	
  total	
  project	
  costs	
  for	
  high-­‐growth	
  SMEs	
  
                                 • Can	
   provide	
   up	
   to	
   40%	
   of	
   total	
   project	
   cost	
   for	
   new-­‐start	
   ups	
   and	
   SMEs	
  
                                    experiencing	
  challenging	
  trading	
  conditions	
  
                                 • Grant,	
  Loan,	
  Forward	
  Funding	
  or	
  Equity	
  Investments	
  Available	
  
                                 • First	
  deadline:	
  3rd	
  March	
  2017	
  

                       “Type a quote here.”
                             • Solent	
  Growth	
  Fund:	
  Small	
  Business	
  Programme	
  
                                 • £1.8m	
  available	
  
                                 • £10,000-­‐£75,000	
  available	
  for	
  individual	
  projects	
  
                                 • Revenue	
  and	
  Capital	
  funding	
  available	
  
                                 • Ambition	
  to	
  support	
  at	
  least	
  60	
  businesses,	
  including	
  30	
  new	
  start-­‐ups	
  
                             • Solent	
  Growth	
  Fund:	
  Capital	
  Investment	
  Fund	
  
                                 • £3.2m	
  available	
  
                                 • £80,000-­‐£500,000	
  
                           –Johnny        Appleseed              available	
  for	
  individual	
  projects	
  
                                 • Only	
  Capital	
  funding	
  available	
  
                                 • Ambition	
  to	
  support	
  at	
  least	
  20	
  businesses	
  

                                • Support	
  available	
  
                                    • Solent	
   LEP	
   Workshops:	
   Wednesday	
   1st	
   March	
   2017	
   and	
   Thursday	
   6th	
   April	
  
                                      2017	
  

                                        • Solent	
  Growth	
  Hub:	
  

www.solentlep.org.uk                        T:	
  01329	
  820898	
  
                                            E:	
  info@solentgrowthhub.co.uk	
  
                                            W:	
  www.solentgrowthhub.co.uk
03 Get in Touch

                                 Solent	
  LEP	
  SME	
  Ambassador	
  
                       “Type a   quote here.”
                                 brian.johnson@solentlep.org.uk

                          –Johnny Appleseed

www.solentlep.org.uk
Finance for Growth

February 2017
Markets that Support Growth

                                                                                  Private Equity
Funding requirement

                      £1bn
                                               Venture Capital

                      £150m

                      £1m

                      £500k
                                        Seed Capital

                      £100k             Business
                                        Angels

                      £50k
                              Friends
                              Family

                                  Concept &            Start - Up   Early Stage                    Expansion   Consolidation & further   Diversification of investors, M&A and
                                  seed stage                                                                      capital raising               International Expansion

                                                                                         Strategic consideration

                                                                                                                                                                            40
Supporting the Solent Economy

             Main Market                                        ELITE
            10 Companies                                     2 Companies

                AIM                                1000 Companies to Inspire Britain
            8 Companies                                    30 Companies

Source: London Stock Exchange data, January 2017

                                                                                  41
Supporting the Solent Economy

  Main Market
   Admission Date      11-Nov-15       26-Jun-14       11-Jun-14       13-Nov-13        12-Nov-07       01-Jul-74    20-Dec-54      11-Mar-54     28-Apr-47     27-Mar-47
               City   Bournemouth     Basingstoke     Basingstoke         Poole         Basingstoke     Romsey        Wimborne      Andover      Christchurch   Basingstoke
                       Household                                                                                                   Health Care
                                        General                                          Pharma &      Aerospace &   Aerospace &                 Aerospace &     Support
             Sector     Goods &                      Leisure Goods   Travel & Leisure                                              Equipment &
                                        Retailers                                         Biotech        Defence       Defence                     Defence       Services
                      Construction                                                                                                  Services
    Current Market
                          893            1,675           100              4,796           1,058           478          2,340           30           3,451          618
          cap (£m)

       AIM
   Admission Date      29-Mar-16        18-Dec-13      24-Dec-10        14-May-10        14-May-10       26-Oct-04    08-Nov-01      20-Feb-98
               City   Waterlooville   Bournemouth       Romsey         Southampton      Southampton    Southampton    Chichester   Southampton
                                       Real Estate     Household                                                     Health Care
                        Financial                                       Alternative      Alternative     Pharma &                    Support
             Sector                   Investment &   Goods & Home                                                    Equipment &
                        Services                                         Energy            Energy         Biotech                    Services
                                        Services      Construction                                                     Services
    Current Market
                           74              32              3                34               34             15            11            20
          cap (£m)

Source: London Stock Exchange data, January 2017

                                                                                                                                                                     42
Benefits of Listing in London

                                43
                                 5
AIM - £100 billion raised since launch
                                                    Profile of AIM Companies                                                                                                             Admissions to AIM – 1995 to 2016
                                                                                                                                                          600
                                                                                                        982 companies*,
                                                                 199                                                                                                                                                        520
                                                                                                       aggregate value of
                                                                                                         £80bn (173 Int’l                                                                                                          462
                                                                                                                                                          450
                                                                         147                              companies)

                                                                                                                                      No. of Admissions
                                                                                   138
                                                                                                                                                                                                                      355                                                    UK           Int'l
                                                                                            113
                                              106     104
                                                                                                                                                          300                                   277                                      284

                                   71
                                                                                                         52                                                                                           177
                                                                                                                                                                                                            160 162
                                                                                                                                                                       142
                                                                                                                                                          150   121                                                                            114                                118
                                                                                                                     20                                                      107         102                                                                102 90         99
                                                                                                                                 7                                                  75                                                                                73                61 64
                                                                                                                                                                                                                                                     36
                                 £0 - 2 m           £5 - 10m           £25 - 50m         £100 - 250m           £500 - 1bn
                                                                                                                                                           0
                                                                                                                                                                1995         1997        1999     2001         2003         2005     2007            2009      2011        2013         2015

                                             Fundraisings on AIM – 1995 to 2016                                                                                    Industries* Represented – by Number of Companies
                     18                                                                                                                                                                               Technology             Oil & Gas
                                                                                                                                                                                                         120                    100
                                 Since 1995 over £99.9bn
                                  raised in total (£58bn
                     14          through further issues)                                                       Further
Money Raised (£bn)

                                                                                                                                                                                                                                          Basic Materials
                                                                                                               New
                                                                                                                                                                                                                                               149
                                                                                                                                                                                    Financials
                                                                                                                                                                                       173
                      9

                      5                                                                                                                                                             Utilities
                                                                                                                                                                              Telecommunications
                                                                                                                                                                                      13
                                                                                                                                                                                      13                                                       Industrials
                                                                                                                                                                                                                                                  159
                                                                                                                                                                  Consumer Services
                     '-
                                                                                                                                                                        104
                          1995   1997       1999    2001       2003    2005    2007      2009     2011        2013        2015
                                                                                                                                                                                 Health Care
                                                                                                                                                                                     90 Consumer Goods
                                                                                                                                     *ICB industry classification                             61

  Source: LSE statistics, 31st December 2016
  *25 companies either suspended or undetermined value
                                                                                                                                                                                                                                                                                          44
ELITE – Supporting Growth Companies
ELITE prepares companies for the next stage of by offering enterprises
improved access to sophisticated skill-sets, networks and a diversified
capital pool.

             460+                          € 39 bn
             COMPANIES                     AGGREGATE
                                           REVENUE

             25
                                            170,000
             COUNTRIES
                                            EMPLOYEES

             250+
             IINVESTORS & ADVISORS

                                                                 ELITE Company Transactions
ELITE is dedicated to ambitious companies to share best
practices and enhance long-term growth opportunities also                                     6
                                                                   45         21                           120
through the understanding of financial markets.
                                                                 PE deals      Bond        AIM Listed     M&A / JV
                                                                            issuances   ELITE Companies    deals

                                                                                                               45
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                                                                                                                                                                                                                © February 2017
                                                                                                                                                                                                   London Stock Exchange plc
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                                                                                                                                                                                                                            46
Opportunities for Web
      Science

From local to global
What is the Web?
Web Observatory
Problem solving….
? ? ? (!)
CAROLINE DINENAGE
M P F O R G O S P O R T & PA R L I A M E N TA R Y U N D E R -
S E C R E TA R Y O F S TAT E F O R W O M E N , E Q U A L I T I E S
A N D E A R LY Y E A R S
GET IN TOUCH!

 Web: www.solentlep.org.uk
 Email: info@solentlep.org.uk
 Phone: 02392 688924
 Twitter: @solentlep
 LinkedIn: Solent Local Enterprise Partnership
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