Presentation by Andy Durman

1. Using intelligence to help LEPs refine
their Growth hub offer to business as
well as funders
D igital Leader s LEP D igital Gr oup
11 t h May 2017

2. Agenda
 Introducing Emsi
1. Local baselines
2. Data as a common language
3. Shaping new futures
4. Evidencing impact
 Summary

3. Introducing Emsi
• Helping people and
organisations make
better decisions
relating to world of
work
• Data-driven decision-
making
• The right insight at
point at which a key
decision is being
made
• Reduce gap between
student demand and
employment realities
Making better decisions using detailed and
localised labour market information
Education Employment
Economic
Development

4. 1. Local baselines
Targeting growth hub
activities:
How can we learn from local
insight?
 Respond to local growth trends
 Facilitate growth trajectories
 Prioritise limited resources to areas
of greatest need

5. 2. Data as a common
language
Joining up local
delivery:
How can we support local
growth?
• Understand skills needs
• Communicate with key
stakeholders
• Attract relevant investment

6. 3. Shaping new futures
Proactive interventions:
How can we disrupt current
local direction of travel?
• Target sectors that have greatest
local multipliers
• Identify gaps in local supply chain
• Identify strong national growth
sectors not present in local
economy

7. 4. Evidencing impact
Quantify outcomes:
How can we quantify our
impact?
• Scenario analysis – the ripple effect:
• Jobs
• Income
• Shifts from baseline forecasts
+100 jobs in the Insurance, reinsurance
and pension funding sector in Thames
Valley Bucks results in:
• £13.4m total wage growth
• 409 total job growth - Majority in
financial services, but also ripples into:
• Professional services e.g. management
consulting, legal and accounting
+ 74 jobs
• Admin and support e.g. facilities
management, employment agencies:
+ 46 jobs
• IT services e.g. Computer consulting:
+ 25 jobs

8. Summary
Local
baseline
trends
Joined-up
delivery
Proactive
interventions
Evidencing
impact
Detailed and
localised
labour and
economic
data

9. Further information
Andy Durman
Managing Director, Emsi UK
andyd@economicmodelling.co.uk
07720 641651
www.econcomicmodelling.co.uk
www.economicmodelling.co.uk/conference
2017