Cardiff Capital Region Economic Growth Partnership
The Cardiff Capital Region (CCR) Cabinet is committed to ensuring the City Deal and other interventions are making a significant impact on economic growth and increasing employment. The CCR Economic Growth Partnership (EGP) has been established to support these objectives.
The EGP comprises representatives from businesses, higher education, social enterprise, employment and local government, and is responsible for reviewing the region’s economic strategy, making recommendations with regards to how the City Deal is implemented, and advice on investment decisions throughout the Cardiff Capital Region. The Partnership directly advises the CCR Cabinet, which is formally obliged to consider the advice presented.
As it is vital that all recommendations with regards to the economic strategy and CCR are appropriate and financially robust, the EGP works closely with the CCR Business Council, which makes recommendations on issues relating to economic growth, drawing from their wide representation of private sector business in the region.
The full roles and responsibilities of the EGP are outlined below:
- Reviewing and commenting on the Regional Economic Vision and Strategy of the CCR;
- Providing review and challenge to City Deal Wider Investment Fund decisions;
- Providing an advocacy role, promoting the CCR as a prime investor and visitor location, and working with partners to increase the value and quality of inward investment;
- Promoting the uptake of external funding sources across the CCR;
- Providing advice on proposed interventions from other stakeholders including Welsh Government;
- Supporting the co-ordination of city-region activities and alignment of overall CCR objectives;
- Acting as an interface with the CCR Business Council;
- Acting as a named consultee for the CCR Cabinet;
- Acting as an interface with other UK city deals and regional economic growth partnerships, working with these other cities to share experiences, expertise and resources;
- Acting as a focal point for collating and sharing economic knowledge and intelligence in the region and co-ordinating the research needs of the CCR Cabinet. The EGP does not produce research itself, but co-ordinates, collates and uses research with support of the region’s university sector.
The EGP’s membership and terms of reference are established using the best international practices such as the Danish Growth Forums, as well as the local enterprise partnership model in England and the Economic Leadership Board established in Glasgow.