Inventing our future Collective action for a sustainable economy

How do we get there?
Leadership, governance
and delivery
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In order to achieve these results, the process of developing the investment
plan must:
• engage a wide range of stakeholders and generate shared ownership
of targets and investment priorities
• build on a robust, shared evidence base and modelling work that
supports the priority actions proposed, and the strong work on
investment planning at sub-regional level
• have clear and consistent criteria for adopting priorities into the
regional implementation plan
• be representative of the full range of regional stakeholders and interests
• be dynamic and identify a critical path for the delivery of RES and RSS
objectives over the medium and longer terms (ie to 2031)
• clearly identify the appropriate spatial level of delivery, with coherent
and robust packages for sub-regions that are consistent with Local Area
Agreements and are based on robust investment planning mechanisms
(eg well-founded Integrated Development Programmes).
What is the timetable for producing the implementation plan?
RSS adopted spring 08
RES submitted to BERR spring 08
RFA guidance summer 08
East of England Implementation Plan development autumn 08
RFA submission spring 09
Draft plan for consultation spring 09
East of England Implementation Plan finalised spring 09
RES and RSS delivery, performance and risk management will benefit from:
• a new Council of Economic Advisors, bringing leading expertise to
strategy and implementation and a better understanding of the effects
of the macro-economy on regional performance
• a stronger economic intelligence network and joint commissioning of
economic intelligence – involving the regional intelligence centre, local
authorities, business representative organisations, the Eastern Region
Public Health Observatory and universities – to better understand
economic performance and its determinants and wider sustainable
development issues
• integrating RES and Local Area Agreement performance management
and information systems and extending this in future to cover Multi
Area Agreements
• work to develop local, sub-regional and regional economic
development capacity and capability through EERA and Improvement
East, the regional improvement partnership
• agreed protocols for managing strategic risks such as economic shocks
and recession, globalisation and market uncertainties, changing
national and international policy and regulation, tightening public and
private sector investment, institutional reform, demographic change,
climate change, pressures on land, energy and water supply
• progress in developing a Regional Infrastructure Fund, leveraging major
investment from the market.