Pinewood Studios: Business Case and Economic Impact Assessment

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Pinewood Studios LtdPinewood Studios: Business Case and Economic Impact AssessmentJanuary 2013Table 4.14: Contribution to policyGovernmentpolicySocialdiversity andInclusionLocalEconomicDevelopmentKey objectivesFocus on investment in talentto ensure that the UK remainsat the forefront of gamescreativityFilm Forever: Supporting UK film2012-2017 (BFI, Oct 2012)Expanding education andlearning and boosting audiencechoiceSupporting the future successof British film – bychampioning emerging filmmakersGrowing the next generation offilm makers and audiencesLocal Growth White Paper:Realising Every Place’s Potential(Oct 2010)Stimulating local growth by:shifting power to localcommunities and businesses;increasing confidence toinvest; andfocusing intervention onbarriers to growthThe establishment of LocalEnterprise Partnerships (LEPs) area key component of the strategy topromote and deliver localeconomic growth.Implications of PSDF for policy deliveryand other screen-based industries). It will make spaceavailable for learning, promote educational access and will,in particular offer opportunities for ‘hands on’ experience.The film industry is actively assisting in the development ofbasic skills, social cohesion, and diversity. Creative England,which has a base at Pinewood Studios, is developingrelevant initiatives which include the Film Culture LotteryFund to assist audiences throughout England gain access toa wide and diverse range of film content; to deepen andenrich audiences’ experience; and to integrate the uniqueresources of regional screen heritage into wider filmprovision. It will invest in audience development and accessto regional screen heritage.PSL supports the communities in which it is based andassists people from diverse backgrounds to enter the film,TV and other screen-based industries – therebychampioning emerging film makers. The company supportsa number of initiatives to assist both young people andBlack and Minority Ethnic (BME) groups enter the industry -‘First Light’, and its follow-up scheme, ‘Second Light’ arefunded by the National Lottery and the BFI. Young peoplework with industry professionals to lead high quality digitalmedia projects, which are entered into an annual awardsscheme. Since it launched in 2001, First Light has helpedmore than 40,000 future creative professionals to write, act,shoot, light, direct, construct and produce over 1000 filmsand media projects. ‘Second Light’ provides a new talentand development training scheme for young BMEfilmmakers from across the UK.As one of the key employers within the LEP area, theproposed development of Pinewood will make a directcontribution to a number of the key priorities, includingexport performance, growth of SMEs, skills and workforcedevelopment; improving connectivity (both IT andtransport); and safeguarding the high quality of life andcompetitive advantage of the area. The expansion ofPinewood will bring forward business critical infrastructureand attract inward investment. It will support sustainablebusiness growth and will consequently contribute toachieving the objectives of the LEP. In doing so, it will alsosupport the work of Buckinghamshire Business First inhelping to create a dynamic business environment that willfoster local growth.68
Pinewood Studios LtdPinewood Studios: Business Case and Economic Impact AssessmentJanuary 2013Table 4.14: Contribution to policyGovernmentpolicyKey objectivesBuckinghamshire Thames ValleyLEP Plan for Sustainable EconomicGrowth (November 2012)The Buckinghamshire ThamesValley LEP (BTVLEP) wasestablished in January 2012 withthe vision of creating a vibrant,balanced,competitiveBuckinghamshire economy and amission of creating the conditionsthat support business to invest,grow and thrive. The planprioritises:the need to stimulate smart,sustainable business growth;bring forward business criticalinfrastructure;secure the inward investment tounderpin growth; andensure the supply of a skilled,flexible workforce.South Bucks Local DevelopmentFramework: Core Strategy(South Bucks District Council,February 2011)The core strategy sets out a visionthat by 2026, South Bucks will stillbe a very attractive and populardistrict in which to live and work.Strategic objectives are groupedaccording to - community needs;living environment; maintaininglocal economic prosperity andaddressing climate change andenvironmental management.Core policy 13 promotes thecreation of a balanced localeconomy and support for existingand new businesses.Sustainable Community Strategyfor South Bucks District 2009-2026,(South Bucks District Council, Sept2009)The sustainable communitystrategy provides the over-archingframework for South Bucks andImplications of PSDF for policy deliveryPSDF will support a number of the LEP key objectives andbring forward business-critical infrastructure. It will, inparticular, stimulate smart sustainable business growth by:forcing a step change in Buckinghamshire’s exportperformance and developing improved links withsymbiotic international clusters in whichBuckinghamshire has clear strengths, including film anddigital media; andaccelerating innovation in ambitious growth-orientatedcompanies and the priority growth sectors.The expansion of Pinewood Studios will contribute towardsthe overarching objective of maintaining local economicprosperity through the provision of employment andtraining opportunities (core policy 13) for the localworkforce and supply chain opportunities for existing andnew business start-ups.The Community Strategy recognises the importance ofPinewood Studios as a unique facility for film productionand the ‘centre of a major creative industries cluster’.69
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