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What is Torbay?

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Torbay is….

• Home to the most valuable fishing port in England & Wales

• Consistently a top seaside resort• Home to an internationally recognised

technology sector• UNESCO accredited• Distinctive• Delivering……

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EPIC• Building complete

• Founder tenants in place

• Torbay cluster recognised as

national asset & key to

development of project

• Palomar prototyping

partnership - $1M

equipment

• www.Epic-centre.co.uk

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EPIC - Why its important regionally

• 3,125 people employed• 174 companies• £516M pa in output

Location of Photonics companies Location of innovation & R&D activity

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Torbay Business Park• TDA bringing forward

£1.5M scheme• 8 *1500 sq ft units• Continues build out of

TBP• Responding to growing

need in local area• Find out more;

bit.ly/TBPunitE

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Brixham Harbour• Brixham now landing fish

with tolls of £40M+• England’s highest value• Potential for more growth• Improve capability to land

shellfish• Funding for this £1M

development is 75% from the European Maritime and Fisheries Fund (EMFF)

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Town Centres - Torquay

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Harbour View:• 120 bed hotel• Construction

phase: targeted recruitment –disadvantaged wards; 246 training weeks for apprentices; £7.7M additional indirect impact

• Operation: 36 jobs; footfall & spend in town centre

• Improving the condition of the car park

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Paignton Town Centre• comprehensive

mixed use redevelopment

• Funding secured for Victoria Square Phase 1 -residential

• £900,000 LRF to unlock site for development

• Contract in place for redevelopment by April 2020

• Wider plans need co-investment from Government

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Brixham

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Torbay Economic Growth Fund

• £100M commitment– Requires co investment– Must make a return

• A focus on creating opportunity– Employment– Town Centres – Confidence & Certainty

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Local Wealth Building

• Working with Torbay Together partners• Likely focus on increasing retention of spend from

public sector AND local businesses in Torbay• Also explore better recruitment• What's the benefit…..if we spend more locally we

create more locally. If we can recruit more locally wide range of benefits.

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High Value Apprenticeships• Part of national pilot programme• Aim to increase participation in higher

level apprenticeships – Apprenticeship Week & Apprenticeship

Fair– Exploring new Tourism Apprenticeship

Standard– Unspent Levy

• Forum key partner• 10 events delivered touching 1000 people

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What’s the ambition?• Creating more & better opportunities• Capitalising on our assets– Torbay as a premier resort for the 21st century– Supporting precision technologies, maritime

and fisheries, creative sectors– Better connected to Exeter

• Delivering at greater pace• Delivering with partners, for the

community