Description of the contract
We wish to commission a piece of research that will provide valuable insight and future thinking and inform an economic regeneration strategy for Monmouthshire.
The research will identify and provide:
• The most appropriate growth sectors that will provide the economies of the future for Monmouthshire;
• A detailed observational study of the accommodation and locational needs of the identified growth sectors;
• An assessment of the suitability and deliverability of existing employment sites as identified by the Local Development Plan;
• Other potential employment sites that can be put forward as options for consideration in the Local Development Plan process;
• An indication of the skills sets that will be required to address the growth sector needs and whether it is feasible for Monmouthshire citizens to meet these needs or whether the County needs to look to attract labour from elsewhere, if so where?
• An assessment of:
o Whether current population levels can sustain the economic growth required in the county;
o Potential inward migration required to develop and sustain the identified growth sectors;
• Potential locations for a new settlement that can be put forward as options for consideration in the LDP revision process;
• Modelled scenarios and associated ambition targets, to include current and predicted geodemographic segmentation analysis;
• The additional infrastructure required to service the changing demographic and economic landscape over and above residential and commercial property;
• An assessment of the economic and population impact on existing retail sectors, taking account of the ‘Monmouthshire Retail Expenditure Forecasts Update 2016’ and identification of potential growth and development opportunities for the county;
• Impact of inward migration on indigenous population and house prices and the mitigation that will need to be built in to offset any negative impact;
• A draft, scalable inward investment strategy that will determine the most cost effective method to attract these new growth sectors into Monmouthshire
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