and serve as a starting point for further discussion of related issues among stakeholders, in particular at INNO-Grips workshops.
and Philipp Koellinger, Assistant professor in Economics, Erasmus University Rotterdam, Netherlands. Disclaimer Neither the European commission nor any person acting on behalf of the Commission is responsible for the use
growing enterprises as they are seen as a key driver of economic growth and employment. Europe has performed relatively badly in generating high-growth innovative companies that quickly become global leaders.
Section 3. 2.)Theoretical arguments for SME support Policies promoting high growth of innovative SMES should be in accordance with principal insights of economic theories.
The government's 2009 New Growth Strategy identifies SMES as an engine for future high economic growth.
gorillas. 1 These enterprises are seen as important drivers of economic growth, employment and social wellbeing. There is also an increased interest of policy makers in fostering innovation,
compared to the US and also to some Asian economies. For example, while the US are home to companies such as Google, Microsoft and Amazon
Is it more efficient (in terms of economic growth and job creation) to support all SMES"a little bit, "or to concentrate efforts on those with the highest growth potential?(
i e. enterprising human action in pursuit of the generation of value through the creation or expansion of economic activity. 5 A certain share of high-growth enterprises are defined so-called gazelles
since the definition of gazelles includes for example new companies that grow from ten to 18 employees within three years reaching a size that does still not make much difference from a regional or national economy point of view.
or economy outside the government. 13 Policies include, but are limited not to, taxation, regulation, expenditures, legal requirements and prohibitions,
study guide for this Policy Brief. 13 Deardorff's Glossary of International Economics, policy, accessed 2 may 2010.
One with OECD economist Jonathan Potter, one with US venture capital and innovation policy advisor Burton Lee,
Philipp Koellinger, Assistant professor in Economics at Erasmus University Rotterdam. He is associate editor of the Small Business Economics journal
and has research interests and a sound publication track record in the fields of entrepreneurship and innovation.
and grow (motivation), access to markets (output) as well as infrastructure and economic stability (framework). 14 This framework is conducive to the analysis of barriers to innovation
Favourable framework conditions for innovation and growth require a sound infrastructure as well as economic stability. Infrastructure includes physical infrastructure for transportation, communication (e g. broadband), energy/water as well as institutions for security, health education and the legal system.
Economic stability and growth are conducive to future revenues and thus foster companies'investment into growth. 16 Last but not least
) Market rules Standards Framework conditions Infrastructure Facilities for transport, communication, energy/water Institutions for security, health education, legal system (e g. employment and bankruptcy law) Economic stability Right
Unfortunately this picture is only a fragment as four of the six largest European economies (Germany, France, UK,
The current economic crisis hit the US, home to many big young global leaders, worse than many European countries
p. 2. Policies for high-growth innovative SMES v1. 6 22 3. 3 Theoretical foundations of SME policy On the importance of a theoretical foundation for economic policy
such policies should be in accordance with principal insights of theories of economic policy. Otherwise such policies run the risk of wasting scarce resources
Some schools of economic theory assume that governments act in their own interests. For example governments may seek to increase the probability for being reelected
A study by the Finnish Ministry of the Economy published in 2011 found that in the period 2006-2009,691 newly founded companies fulfilled the OECD criteria for high growth,
for high-growth innovative SMES v1. 6 27 A Kauffmann Institute study of the US economy in 2010 with data for 2007 contained 5. 5 million firms.
and only in large diversified metropolitan regions. 42 Several studies by the Finnish economist Erkko Autio published in 2007 substantiated the importance of a small share of high-growth enterprises for overall
in order to promote economic growth, therefore, what really is needed are new jobs and new growing firms...but high growth can be misperceived a indicator Policy makers should
some argue that governmental policy for promoting technological entrepreneurship can contribute to the vitalisation of the national economy through the generation of new jobs
and implementation in order for economies to take full advantage of their entrepreneurial potential. 54 The study
connecting 37 national and international financiers with 25 Finnish growth companies. 75 At the beginning of 2008 the innovation department of the Ministry of Employment and the Economy established a division for growth ventures.
In terms of economic theory coaching is a private good so that public support for facilitating coaching cannot necessarily be grounded on market failure.
There are empirical indications that a well-functioning venture capital market is conducive to growth not only of single companies but also of national economies:
114 In light of the economic crisis, Singaporean business associations started the Financial Facilitator Programme (FFP) in January 2009,
First, improved involvement of stakeholders, nota-136 For ecosystems see the related statements by Martin Fransman, INNO-Grips (2011), p. 4,
The sectoral focus is a facilitator as it drives to the involvement of stakeholders and experts with sectoral background and reputation.
So the general lesson is that policies for high-growth of SMES may seek to diversify a national economy's key sectors.
Is it more efficient (in terms of economic growth and job creation) to support all SMES"a little bit, "or to concentrate efforts on those with the highest growth potential?
Some economists take the opinion that only the market can determine what the optimal amount of entrepreneurship is.
This position is supported by US economist Scott Shane: Getting economic growth and jobs creation from entrepreneurs is not a numbers game.
It is about encouraging the formation of high quality, high growth companies. Policy makers should stop subsidizing the formation of the typical start-up
and enhancing economic growth. 145 141 For example, the case study about Korea in this Policy Brief (see section 5. 1) mentions that the Korean government developed more than 100 different SME policy measures,
Canada is often in the shadow of its big neighbour, the USA, in terms of economic policies, but deserves attention with regard to high-growth SMES.
These countries are however very different in terms of population, economy and the prime criterion here SME policies:
It is one of the few developed countries that could avoid a longer recession during the economic crisis,
is heavily suffering from the economic crisis and the 2011 Earthquake, and has dedicated no policies for high-growth SMES.
has been a major policy player in promoting growth of SMES and the Korean economy at large. SMBA applies more than 100 SME promotion measures.
Entrepreneurship policies Recent activities to foster business start-ups In order to mitigate the negative effects of the economic crisis
Korea's overseas market development policy has transformed the country from being poverty-stricken into the world's 15th largest economy.
The new focus is on the promotion of Global Star SMES as the backbone of the economy.
The introduction of policy schemes for supporting this group of enterprises will probably impact the Korean economy dramatically in the coming years.
However, figures for 2009 may indicate a decline caused by the worldwide economic crisis. Exhibit 5-4:
References This case study has been conducted by Yoo Soo Hong, Director of the Institute for Global Innovation Economy (IGIE),
/Korea Institute for Industrial Economics and Trade (KIET: http://www. kiet. re. kr/kiet/eng/index eng. jsp.
While the government has attributed the successful recovery from the word-wide economic crisis to the numerous opportunities SMES have been provided with,
These employ 60%of Singapore's workforce and contribute an approximate value-added of 40%to the local economy.
Financial Facilitator Programme In light of the economic crisis Singaporean business associations started the Financial Facilitator Programme (FFP) in January 2009.
of the local economy. Consequently, investments by Singapore's government are expected to rise steadily. However, as there are no evaluations of government support available,
/Singapore Budget 2010-Towards An Advanced Economy: Superior skills, Quality Jobs, Higher Incomes<http://www. mof. gov. sg/budget 2010/download/FY2010 FLYERS FOR BUSINESSES. pdf>Singapore's National Day Rally 2010, Part 2:
Updates to Government's Response to the Economic downturn in Asia/Pacific (IDC#AP633103S, December 2009.
with an historic heavier weighting in ICT and Bio. 2. Linking government assistance (IRAP) with subsequent VC financing leads to less shareholder dilution
Why Venture capital is Essential to the Canadian Economy-The Impact of Venture capital on the Canadian Economy.
The Economic Importance of Venture capital Backed Companies to the U s. Economy, 2008, June at http://www. asiaing. com/venture-impact-the-economic-importance-of-venture-capital-backedcompanies-to-the-u-s-ec
Through these overlapping diversification and clustering policy initiatives, the government's 2009 New Growth Strategy (Basic Policies) Toward a Radiant Japan identifies SMES as an engine for future high economic growth.
(i e. corporate groupings) in stimulating the domestic economy. The new concept guiding SME policies became to develop
revised in July 2010, specifically identifying SMES as one of the main drivers of the economy.
Second, they should pioneer new frontiers, especially in the areas of inbound tourism and local economy revitalisation.
Although the post-Lehman economic downturn has led the government to focus on legislating remedial measures to support struggling SMES (e g.,
Ministry of Economy, Trade and Industry (www. meti. go. jp) White paper on Small and Medium Enterprises in Japan:
Ministry of Economy, Trade and Industry (www. meti. go. jp)( p40 70 in 2009wp) Ministry of Education, Culture, Sports, Science and Technology (MEXT.
According to their mission statements, the MOIT focuses on the promotion of economic growth in Israel and the OCS oversees all Government sponsored support of R&d in the Israeli industry.
the consulting branch of the Institut der deutschen Wirtschaft (IW, Institute for the German Economy).
which was established in 2005 with the objective of identifying trends and challenges of structural changes of the economy.
Policies for high-growth innovative SMES v1. 6 88 tribute the bulk of new jobs in a national economy, it would be a waste of resources to foster specifically those companies that would grow anyway.
Balancing SME policies with economic policies at large The question of balancing policies for general and high-growth SMES may have to be asked even broader:
Economists suggest that policy should not principally favour SMES. Which type of enterprise generates most innovations
Since there are empirical findings supporting the importance of high-growth SMES for employment in developed national economies,
and bankruptcy law conducive for high growth Economic stability Economic stability and growth European monetary policy (No difference between general SME policies and high-growth SME policies) Right
Max Planck Institute of Economics. Ahmad, Nadim; Gonnard, Eric (2007: High growth enterprises and gazelles.
Working papers series in economics and social sciences 2011/05. February. Available at http://repec. imdea. org/pdf/imdea-wp2011-05. pdf. Davidsson, Per;
Research Institute of Industrial Economics, Stockholm, IFN Working Paper No. 733. Available at http://www. ifn. se/Wfiles/wp/wp733. pdf.)INNO-Grips (2011:
Ministry of Education and the Ministry of Employment and the Economy: Evaluation of the Finnish National Innovation System Full Report.
Economics and politics research briefing. 14 september. Ministry of Employment and the Economy (2011: Growth Enterprise Review 2011.
Finnish: Kasvuyrityskatsaus 2011. Available at http://www. tem. fi/files/29659/TEM KASVUYRITYSKATSAUS 2011. pdf. Policies for high-growth innovative SMES v1. 6 100 Moore, Geoffrey (1998:
Small Business Economics, 2010, vol. 35, issue 2, pp. 203-226. Reinstaller A. coord. Hölzl, W.,Janger J.,Stadler,
Small Business Economics, Volume 33, Number 2, pp. 141-149. Simon, Hermann (2009: Hidden Champions of the Twenty-first Century:
In Small Business Economics, Vol. 35, pp. 129 135. Policies for high-growth innovative SMES v1. 6 101 Stangler, Dane (2010:
High-growth firms and the future of the American economy. Kauffman Foundation Research Series: Firm Formation and Economic growth.
March. Available at http://www. kauffman. org/uploadedfiles/high-growth-firms-study. pdf. Storey, D. J. 1994.
Small Business Economics, Vol. 32, pp. 351 374. Yim, Hyung Rok (2007: Quality shock vs. market shock:
Deardorff's Glossary of International Economics, search term policy, URL: http://wwwpersonal. umich. edu/alandear/glossary, last accessed 2 may 2010.
Ministry of Employment and the Economy of Finland, http://www. tem. fi/?/l=en&s=2383, last accessed May 2011.
Philipp Koellinger, Economics of Innovation: www. economics-of-innovation. com, last accessed May 2011. Platinn.
Plateforme innovation: http://www. platinn. ch/eng, last accessed May 2011. PRO INNO Europe, Tactics:
Interviews Jonathan Potter, OECD, Senior Economist, Local Economic and Employment Development. 1 june 2010. Burton Lee, Innovarium Ventures, 17 august 2010.
& Practice 3 Small Business Economics 4 Journal of Small Business Management 1 Cato 2 Journal of Public Policy and Management Level 2 entrepreneurship
Lessons from recently established rapidly growing U s. startups Small Business Economics 2010 Parker et al What happens to gazelles?
and immigrants provided by the Ministry of Employment and the Economy. http://www. yrityssuom i. fi***Vigo,
by Finnish Ministry of Employment and Economy The programme bridges the gap between early stage technology firms
The Finnish Ministry of Employment and Economy launched the Vigo Programme in 2009. PROFICT Partners Oy manages the execution of the program.
that have a disproportionately higher impact on the metro area economy. East asia China Zhongguancun Science Park (ZSP) Gazelles Plan The Zhongguancun Science Park (ZSP) in Beijing initiated a Gazelles Plan in July 2003 to subsidise qualified high
and we hope that stakeholders of the Hungarian RDI sector will find this publication useful for developing a better understanding of the Hungarian situation.
One of these factors is the range of innovative economic activities, and the other is higher education.
as a bidirectional and levelled relationship between the economy and higher education has developed still not everywhere in Hungary,
and Technology Innovation Fund) resources were awarded to stakeholders from Central Hungary, with Csongrád and Hajdú-Bihar being the only other counties that managed to secure a substantial chunk of available grants and subsidies.
the RDI Observatory operating under the auspices of the National Innovation Office wishes to raise awareness among stakeholders of the regional aspect of RDI in Hungary.
We also present some regional aspects of the Accredited Innovation Cluster to key RDI stakeholders, e g. higher education institutions.
There are so few R&d stakeholders working in relevant sectors and industries of the national economy within the regions concerned that often no more than 3
or fewer data providers made up a group of this kind, and so pursuant to prevailing regulations we were allowed not to display their data.
stakeholders are very thinly spread in many regions and sectors/industries, as RDI is concentrated very heavily both in the organisational and geographic sense of the word.
and in terms of taxes in total3 at 0. 1). R&d activity is distributed in an extremely uneven way in a national economy
what correlations can be found between the R&d intensity of a certain region and co-operation models between firms belonging to the innovative sectors and other stakeholders (e g. universities.
In all the other regions appear to be weaker ties between RDI stakeholders. Ce ntral Hungary and Ce ntral Transdanubia have the strongest RDI networks,
whereas every other region is characterise d by weaker ties betwee n RDI stakeholders. 1 The concentration index ranges from 0 to 1;
or semi-periphery of the global economy) start to gear their production directly to the global marketplace
we made a sectoral breakdown within the manufacturing industry (C) of the national economy: zzcf Manufacture of pharmaceuticals zzci Manufacture of computer, electronic and optical products zzcl Manufacture of transport equipment zzcj Manufacture of electrical equipment zzd Electricity, gas
and active in manufacturing sector of the national economy (2011). Source: The National Innovation Office RDI Observatory's own calculations based on HCSO data The relative share of the rest of the country The relative share of Pest County The relative share
four-fifth of stakeholders are concentrated in Budapest, and Central Hungary has a roughly 90%or greater share of other R&d indicators.
The relative share of Budapest, Pest County and the rest of the country of the key indicators of companies engaging in R&d and active in the manufacture of electrical equipment sector of the national economy, 2011.
The relative share of Budapest, Pest County and the rest of the country of the key indicators of companies engaging in R&d and active in the information and communication sector of the national economy, 2011.
and communication se ctor of the national economy. 16 1. The position of Ce ntral Hungary within the RDI landscape of Hungary 11 We explored this sector, its significance for the national economy and its RDI
The relative share of Budapest, Pest County and the rest of the country of the key indicators of companies engaging in R&d and active in the professional, scientific and technical activities sector of the national economy, 2011.
The overall conclusion from the above is that in the case of the Hungarian national economy,
dynamically developing sector heavily geared towards big cities. 11 Its stakeholders like to be in close proximity to each other,
The pie chart for Budapest has a 2. 3 times larger scale than the one presented here. 13 Stakeholders outside the Central Hungary region have only just over a one-third of total national R&d
as the evident existence of significant disproportions-which can be as much as twofold at a national level-can also be explained by structural differences between the regional economies concerned.
Employment, unemployment and economic activity statistics (2011. Source: The National Innovation Office RDI Observatory's own calculations based on HCSO data and map imaging of the former. 25 3. Innovation potential of unemployment is significantly lower for counties of the Transdanubian region
One is linked to innovative economic activities, while the other is linked to higher education. While for Budapest the two dimensions are interrelated,
as a bidirectional and levelled relationship between the economy and higher education has developed still not everywhere in Hungary,
yet the economic crisis forced most companies to cut back their spending on innovative activities. The JRC Programme provides an entry point for building synergies with university research units
From this it is evident that those sectors of the national economy which satisfy public requirements, such as electrical energy, gas and steam supply, air conditioning;
The county by county distribution of companies engaged in the sectors of the national economy such as the manufacturing of computer, electronic and optical products, electrical energy, gas and steam supply and air conditioning, water supply, professional
The number of tender applications submitted by these two sectors is highly indicative of the intensity of co-operation between private/corporate and non-corporate stakeholders (government, nonprofit and other organisations.
and public sector (non-corporate) stakeholders accounted for 82.4%of all syndicate tender applications. The joint tender applications of these two sectors represented the highest percentage rate within total tender applications for Northern Hungary (92.7%)and for the Northern Great Plain (90%.
%)Public sector (non-corporate) stakeholders cooperate most intensely in Central Hungary (12.1) %and in Southern Transdanubia (10.5%).4. 3 Regional distribution of grants and subsidies awarded under the Seventh Framework Programme The EU's research focused Seventh Framework Programme (FP7) is the number one
whereas in Central Transdanubia research institutes received more funding than other stakeholders. In comparison, in Central Hungary the relatively equal weight of the three main stakeholder groups (education institutions, research institutes
and business enterprises) creates a structural equilibrium. The most important institutions of individual regions fundamentally determine the amount
which can be linked to the spatial location of important stakeholders: for instance the presence of a large university (like in Szeged,
Pécs or Debrecen) is also decisive for a stakeholder's ability to get access to grants and subsidies,
In an economy characterised by over-concentration to begin with, R&d is distributed spatially even more unevenly in any case, thus conducting a regional analysis with an RDI focus is justified
One is linked to innovative economic activities, while the other is linked to higher education. While for Budapest the two dimensions are interrelated,
as a bidirectional and levelled relationship between the economy and higher education has developed still not everywhere in Hungary,
and Technology Innovation Fund) resources was awarded to stakeholders from Central Hungary, with Csongrád and Hajdú-Bihar being the only other counties that managed to secure a substantial chunk of available grants and subsidies.
Even more regional research needs to be carried out on stakeholders that drive the innovation system, as the scope of this analysis allowed us to cover Accredited Innovation Clusters only:
The Office operates under the direction of the Minister for National Economy. Main activities of the National Innovation Of fice:
With the help of this database, RDI stakeholders can be involved in diagnosing problems as may exist within the sector
1) The Digital Agenda for Europe seeks to optimise the benefits of information technologies for economic growth, job creation and the quality of life of European citizens,
and are being used to co-fund digitisation activities as part of projects having an impact on the regional economy.
legislative backing for licensing solutions voluntarily developed by stakeholders may be needed in the Member States, taking into account the need to ensure a cross-border effect.
In this context, the approach followed in the stakeholders'dialogue, sponsored by the Commission, on out-of-commerce books and learned journals
therefore be encouraged in close cooperation with all stakeholders. 13) In order to allow wide access to and use of public domain content,
and agreed by stakeholders for the large scale digitisation and crossborder accessibility of works that are out-of-commerce,
the challenge of collaboration and governance Kevin Morgan Cardiff University Local Economic growth: Recession, Resilience and Recovery Conference St Catharine's College, Cambridge 11-12 july 2013 Overview Innovation narratives Regional innovation strategies Smart specialisation Key
Focus policy & investment on key priorities Build on the strengths of each country/region Support technological as well as practice-based innovation Involve all stakeholders in a process of regional experimentation Sound monitoring
two of the essential requirements of the RIS3 exercise are predicated on highly questionable assumptions References Cooke, P. and K. Morgan (2000) The Associational Economy:
The Strategy draws on the priorities set by the Government Strategy,‘Building Ireland's Smart Economy A Framework for Sustainable Economic Renewal'.
The Waterford Knowledge Campus has the potential to be a significant element in driving the knowledge economy in the region,
The Higher education, Research and development and the Training and Skills sectors are key drivers of the regional economy
Retailing is a major contributor to the regional economy and is a significant factor in achieving the vitality and viability of town and city centres.
Section 6 The provision of advanced communications infrastructure is vital to the region and to the development of a knowledge economy.
1. To develop the Smart Economy. 2. To improve transport infrastructure and services. 3. To deliver first class energy
and‘Building Ireland's Smart Economy A Framework for Sustainable Economic Renewal.''In addition, the following guidance documents have been issued by the Department of the Environment, Heritage and Local government,
and progressing of social and economic policies as well as a productive and competitive economy and the availability of rewarding employment opportunities.
and Hub towns to achieve the goals of economic growth in the regions and provide for major investment in the rural economy;
Invest in long-term environmental sustainability to achieve our national goal of preserving the integrity of our natural environment for future generations as well as meeting our international responsibilities and Climate Change obligations;
and support higher levels of economic activity and improved quality of life. There is a distinctive settlement pattern in the South East Region
This process of adding additional types of economic activity in rural areas will be based on the region's extensive and attractive coastline,
1. 4. 2 Economy At September 2009,202, 500 people were employed in the region (Q3nhs, Jul-Sept 2009.
the downturn since then in the economy has resulted in increasing levels of unemployment and the number of unemployed stands at 36,100 or 15.1%(Q3nhs, July-Sept 2009).
and value adding potential of economic growth and to achieve more sustainable patterns of settlement with the Gateway and Hubs as key areas for growth.
Population & Regional Profile 2. 1 National Population Growth Patterns Public policies and investments, the performance of the economy and national, regional and local planning policies have changed over the last six
The regional development challenge is shifting from one of managing growth to stimulating economic activity in a positive and sustainable manner.
Within the context of the current economic downturn, a national and regional spatial development strategy like the NSS has even greater relevance
Notwithstanding the challenges Ireland currently faces, maintaining as far as possible investment in capital infrastructure (until recently one of the highest in Europe relative to the size of the economy,
tourism and leisure. 2. 2. 2 Employment and Economic Development The regional economy of the Southeast is based primarily on agriculture, manufacturing and services, tourism, fishing and aquaculture.
Economic activity in indigenous companies is dispersed more widely across the region. The competitiveness of this sector will depend on local infrastructure
A combination of strong locally based economic activity, with high added value inward investment, will be key to the future development of the region.
and tourism, will also be critical to the success of the regional economy. 2. 2. 3 Agriculture, Rural Development and the Marine Agriculture The agriculture and food sector accounts for a significant proportion of output
Population & Regional Profile 33 The Regional Authority has stated previously its objective to maintain the rural economy which is vital to the future economic,
Traditional rural based sectors of employment in agriculture, forestry and fishing will continue to have key roles as a base for strong and diversified rural economies.
together with significant and developing sectors such as tourism, enterprise, local services and other sources of off-farm employment, will be the mainstays of a strong rural economy.
There is obvious potential for sustainable economic growth in this area given that the Southeast Region has 434 kms. of coastline
Fishing Fishing Ports are an important part of the economy along the Southeast coast, with Duncannon,
The Regional Authority recognises the considerable potential that exists to develop existing commercial ports in terms of value-added shore based economic activity.
Increased demand up to 2009 for such services placed an increased burden on waste water infrastructure with the result that inadequate waste water facilities began to inhibit economic growth as well as becoming potential sources
However, lower than average participation in third-level education and a high rate of graduate migration away from the region are inhibiting the further development of third and fourth-level education and the emergence of the knowledge economy in the region.
Also, development within the Rosslare-Dublin corridor has significant potential for generating economic activity in the Southeast Region.
Potential for development of the Green Economy and renewable energies. 10 Potential for sustainable development of
Providing for world class higher education, research and development and links to the knowledge economy. Tackling inequality, educational disadvantage and social deprivation by providing improved public services and social and community infrastructure.
Regional Development Strategy 47 A3 Promotion of the Knowledge Economy through increasing high-level research and development in the Higher and Further Education Institutes and developing industry academic co-operation
in order to improve and revitalise cities, towns and neighbourhoods and support local economies. B6 Ensuring the availability and affordability of housing in cities,
D5 Development of the Green Economy in rural areas; actively promoting the exploitation of wind energy and other forms of renewable energy as valuable regional assets in appropriate locations.
This campus will accommodate the knowledge economy by linking academia with entrepreneurship and foreign direct investment.
and smaller settlements both to support local economies and to accommodate additional population in a way that supports the viability of public transport and local infrastructure and services such as schools and water services.
development plans need to seek a balance between supporting a well-diversified rural economy and the protection of the environmental assets that attract visitors to an area. 57 Regional Planning Guidelines for the Southeast Region 2010-2022 Section 3:
Employment & Economic Development Strategy 61 The recent period from 2008 to 2010 has been dominated by the global economic downturn.
which has impacted negatively on the regional economy. The Regional Authority, together with public and private agencies in the region, is determined to address the circumstances
and effects of the economic downturn and is planning for recovery and sustainable economic growth for the region.
The RPGS, including the Economic Strategy demonstrate how the Southeast Region can participate in‘Building Ireland's Smart Economy'the Government Strategy for Sustainable Economic Renewal.
The economic strategy will be sustained by a renewed emphasis on the knowledge economy high level research, enhanced access by road, rail, the Regional Airport and region's ports at Rosslare, Waterford and New Ross.‘
‘Building Ireland's Smart Economy A Framework for Sustainable Economic Renewal'sets out five priorities for action:
1. Securing the Enterprise Economy and Restoring Competitiveness; 2. Building the Ideas Economy Creating‘The Innovation Island';
'3. Enhancing the Environment and Securing Energy Supplies; Increasing the production and use of renewable energies;
There are also many indigenous SMES (Small to Medium Enterprises) that play a significant role in the regional economy, some
At present there are 68 IDA client companies employing c. 12,000 people in the Southeast. 4. 1 Guiding Principles This strategy will focus on policies to help the region move out of the economic downturn.
and the‘Spirit of Enterprise'initiative) already demonstrate its commitment to the five priority areas for action set out above in the Government Strategy‘Building Ireland's Smart Economy A Framework for Sustainable Economic Renewal'.
'Certain conditions must apply to support increased economic activity and regional competitiveness if more spatially balanced patterns of development are to evolve.
The potential for development of economic activity must be driven by advantages derived from exchange of information, collaboration, innovation, adoption of best practices and mobilisation of finance and skills.
The Waterford Knowledge Campus has the potential to be a significant element in driving the knowledge economy in the region,
The types of industries that now offer long-term prospects for generating revenues are in the new technologies and knowledge based areas such as Information and Communications technology, Medical Devices, Biotechnology, Pharmaceuticals, the Green Economy
A critical mass of economic activity and opportunities will be facilitated by: Development of Waterford Regional Airport; Improved public transport services and facilities as recommended by the Waterford City Public transport Feasibility Study 2010;
and employment creation. 4. 4 Other Urban areas The potential of larger towns and District Towns to support sustainable economic activity will need to be supported by the development of Industrial Estates,
Rural development in the areas of renewable energy and development of regional food production will support the regional economy and sustainable economic development;
and would enable the rural economy to be more robust and less sensitive to changes in outside markets.
The Regional Authority in partnership with key stakeholders will develop a Strategic Commercial and Leisure Development Framework for the Waterford Estuary that will guide the future development of the resource.
to determine spin-off effects and impacts for the local economy and tourist sectors. There is a significant opportunity for planning authorities, the Department of Communications, Energy and Natural resources,
PPO 4. 3 It is an objective of the Regional Authority to work in partnership with key stakeholders to develop a sustainable Strategic Commercial
Research and development and Training 4. 6. 1 Higher and Further Education Building the knowledge economy is a long-term investment.
and to develop a basis for creating knowledge driven competitive advantage across all sectors of the economy. 4 Advice to the Minister for Education & Science on the application by Waterford Institute of technology for designation as a University, JM Consulting
is critical to the development of the Knowledge Economy in the Southeast Region and the Regional Authority supports the following strategic objectives:
Employment & Economic Development Strategy 69 4. 6. 2 Research & development Ireland's emphasis on the knowledge economy is a key target of future economic development.
The retail sector contributes significantly to the growth in employment and to the economic growth of the region.
Dublin City and the larger suburban centres in the Greater Dublin Area. 4. 8 Tourism The role of tourism in the development of the economy of the Southeast has very significant potential.
Manufacturing continues to make an important contribution within the economy of the Southeast and represents a key competency for the region.
Employment & Economic Development Strategy 74 Contributing 9%to overall employment, the agricultural sector remains a significant part of the Southeast economy.
The challenge over the next decade (faced by the entire country) is to shift economic growth toward export oriented sectors and activities.
with the relevant regional stakeholders acting collaboratively and others that require a national response. However, it is incumbent upon the regional actors to also consider how they can best take advantage of national initiatives,
Strategy‘Building Ireland's Smart Economy A Framework for Sustainable Economic Renewal'.'Local authorities should have regard to the Guiding Principles of the Regional Economic Strategy as they apply to each sector of the economy
and to the Regional Competitiveness Agenda developed by Forfás (Section 4. 10) and make provision for economic
and the significant potential of tourism to contribute to the rural economy. Provision should also be made for new uses of agricultural land,
Tourism The significant role of tourism in the regional economy is recognised and its future development requires that local authorities, Fáilte Ireland Southeast,
This increases the attractiveness of town centres as destinations for shoppers and visitors resulting in increased economic activity.
There is considerable potential to develop the region's port infrastructure in terms of value-added shore based economic activity.
and generating increased economic activity. The regional airport has potential for expansion and an increased role in access to Ireland and to the south-East Region.
Infrastructure 2. 1 National Population Growth Patterns Public policies and investments, the performance of the economy,
The regional development challenge is shifting from one of managing growth to stimulating economic activity in a positive and sustainable manner.
Within the context of the current economic downturn a national and regional spatial development strategy like the NSS has even greater relevance
Notwithstanding the challenges Ireland currently faces, maintaining as far as possible investment in capital infrastructure (until recently one of the highest in Europe relative to the size of the economy
and commerce that will be an extra boost to the economic growth of the region. PPO 6. 6 It is an objective of the Regional Authority to support the extension of the Bord Gáis network to Belview, to County Wexford and to other centres of industry.
and that progressive climate change policies based on innovation and investment in low-carbon technology are consistent with global economic growth. 6. 3. 2 National Obligations As part of EU
and at least 80%by 2050.6.3.3 Southeast Region The Southeast Regional Authority will develop a Climate Change Action Plan for the Southeast Region in partnership with local authorities and other stakeholders.
PPO 6. 14 It is an objective of the Regional Authority to develop a Climate Change Action Plan for the Southeast Region in partnership with local authorities, Local Energy Agencies and other stakeholders.
An accessible library service for local communities is an important base for the knowledge economy.
>Sustain economic growth and employment.>>Provide levels of income support to those relying on social welfare sufficient to sustain dignity
and d to integrate landscape into its regional and town planning policies and in its cultural, environmental, agricultural, social and economic policies,
are recognised increasingly as essential resources that sustain our economy, society and individual well being. Woodlands and forests store carbon, wetlands and coastal zones provide buffers against flooding,
and the provision of open space in rural areas will contribute to the rural economy and, importantly,
stakeholders and other interested parties having regard to the development of a National Integrated Coastal Zone Management Strategy.
The completion of CFRAMS for the region will assist these stakeholders in examining flood risk within their own specific areas of responsibility. 9. 5 Regional Flood Risk Policy The Regional Flood Risk Appraisal
The delivery of these actions will be used as an indicator of the scale of implementation of the Regional Planning Guidelines by the local authorities, OPW and other stakeholders.
can have dramatic effects in boosting local economic activity and wider regional benefits. A key step in the implementation of the Regional Planning Guidelines will,
Implementation 1323 1. TO DEVELOP THE SMART ECONOMY A. Developing the innovation potential in the region
Implementation 2. 1 National Population Growth Patterns Public policies and investments, the performance of the economy,
The regional development challenge is shifting from one of managing growth to stimulating economic activity in a positive and sustainable manner.
Within the context of the current economic downturn a national and regional spatial development strategy like the NSS has even greater relevance
Notwithstanding the challenges Ireland currently faces, maintaining as far as possible investment in capital infrastructure (until recently one of the highest in Europe relative to the size of the economy
Overtext Web Module V3.0 Alpha
Copyright Semantic-Knowledge, 1994-2011