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Q&A
What will 2011 hold for manufacturing in the Northwest? Can the key sectors of manufacturing, the digital & creative industries and the low carbon economy in England’s Northwest continue to grow and drive the regions economy? Will companies invest in clean energy as austerity measures take hold? What are the prospects for medium-sized businesses?
These and other questions will be answered by the online Northwest panel of experts:
Adrian Bull, Media & Stakeholder Relations Manager, Westinghouse
(Low carbon)
Alice Morrison, CEO of Vision & Media
(Creative & Digital)
LOW CARBON ECONOMY
What will 2011 hold for the low carbon economy in the Northwest?
2011 will hopefully be a time of moving forward, and maintaining the focus on low-carbon activities. Although times have not been easy for many companies across a range of sectors, it is vital that we don’t ease up on the drive to reduce emissions. It is a marathon, rather than a sprint, certainly, but if we slow down on the first lap we will never win.
Can the key sector of the low carbon economy in England’s Northwest continue to grow and drive the regions economy?
Certainly – if we keep at it. There are short-term wins as well as the longer –term activities, and we need to maintain the momentum on all fronts. Growth may not be spectacular for the next year or two, but the trend can certainly remain in the right direction.
Will companies invest in clean energy as austerity measures take hold?
I believe they will, as it look increasingly like a win/win approach to be low-carbon. The current Electricity Market Review is consulting on a range of proposals designed to incentivise the generation of low-carbon as opposed to high-carbon energy, and that will help to ensure that clean solutions do not carry a cost penalty.
Also – don’t forget that the cleanest unit of energy of all is the one you don’t need to use. So there will always be a strong incentive to invest in energy saving measures and more energy-efficient plants and processes.
What are the prospects for medium-sized businesses?
The clean energy market is certainly not just a place for the “big players”. Whether it be renewable technologies, micro-generation, energy efficiency or large scale projects such as new nuclear power stations, there are long supply chains in all sectors and a huge amount of scope for the North West to capitalise on its strong manufacturing and technology base in the energy sector.
CREATIVE & DESIGN
What will 2011 hold for the Creative & Digital Industries in the Northwest?
It will be a year of change, some good some bad. On the one hand the effects in reductions in public spending will have a negative impact on some creative businesses, particularly the agencies. Also the continuing pace of change in the market will mean businesses will need to respond and adapt and there will be casualties. On the other hand, more positively, the BBC’s final arrival at MediaCity will mark the beginning of real opportunities for growth in the sector.
Can the key sectors of the digital & creative industries in England’s Northwest continue to grow and drive the region’s economy.
Yes and yes. Growth will come from two areas: Obviously the BBC will have a significant direct impact in terms of employment and I believe that other large players will follow suit over the next five years and invest in the region. Secondly, I think there will be increasing opportunities for entrepreneurial creative businesses to take advantage of this investment.
Will companies invest in C&D industries as austerity measures take hold?
Yes, investment in innovation and development is critical to the success of businesses in this sector, although obviously this is difficult for smaller companies. This is why many of our initiatives are focused on connecting creativity with the cash needed to develop and grow.
What are the prospects for medium-sized businesses?
This is often a difficult and dangerous portion of the market – lacking the financial resilience of the larger players but not as agile as the smaller ones… They need to beware and make smart decisions.
What are the essential government tax incentives to encourage - indeed make possible digital and creative industries to develop - the government has recently cut or is cutting investment in education - in the arts and humanities - - and cutting not quite as much investment in science education.
Every industry would like special tax measures to stimulate their markets, and it was indeed disappointing that the government decided not to extend the film tax break to games. We are arguing that government investment should be targeted at supporting small growing businesses in three key areas:
- Stimulating innovation and supporting them getting their product/services to market
- Getting the necessary cash needed for growth
- Helping businesses get access to the best skills and talent
How do I access the specialist expertise available in NW Universities? Are directories available?
Universities and other FSE’s are increasingly understanding the need to get closer to industry and vice versa – We see this as important area for organisations like ours to play a useful role.
