We are already in the forefront of change and making the best use of our special assets - knowledge, enterprise, people and our natural environment. We are testing, learning and implementing new ideas. By understanding the drivers of change and the climate crisis , we will be able to grasp the transformative potential of new technologies and help deliver a net zero carbon economy while at the same time boosting productivity in many of our key industries and our rural areas. By working together and at scale, we will optimise the opportunities from the future economy by adding value, sharing ideas and extending the scope of our endeavours.
We are in the vanguard of green technologies and are determined to accelerate that potential globally. We want to be self-sufficient in clean energy - reducing energy consumption and carbon emissions.
Our aim is to become a net zero carbon economy as quickly as possible, using our science and research base and building on our commitment to clean growth.
We will develop and install new renewable technologies making use of our natural assets in geothermal, wave, tidal and floating offshore wind. We will secure the low carbon legacy of Hinkley C.
GSW could be a net energy exporter, and produce 80% from low carbon sources, by 2030
Joint LEP Energy Strategy 2019
Lack of grid capacity affects businesses and limits energy transfers out of the region. We need more capacity overall and smart systems to balance supply and demand in a more distributed energy system.
We will be champions of a circular economy. Designing out waste will improve productivity and make better use of scarce resources.
The world of work is changing rapidly and dynamically. New technologies are disrupting traditional industries but
at the same time they offer unparalleled opportunities for our micro businesses which are active globally.
By 2022, no less than 54% of all employees will require significant reskilling and upskilling
World Economic Forum 2018
To harness the potential of Industry 4.0, we will need to train and retrain workers for the rapidly changing world of work. We will support SMEs to embrace emerging technologies - such as AI, IoT, AR and robotics.
We will increase the pace and scale of our agritech pilots - transforming the food and drink sector with smarter tools, such as remote sensing and drone technologies.
Building on research in the region and elsewhere, we will develop telehealth and telecare products to grow our export potential and deliver effectively to an older and more rural population.
We support the essential improvements to the main transport networks highlighted under Speed to the West but we want to go much further.
We want to ensure that our strategic transport routes become digital corridors - building in the charging points and digital requirements of the future.
We will trial Mobility as a Service models to support work and businesses across the Great South West.
By 2030, revenues from mobility services globally are projected to soar to almost €1.2 trillion, with profits reaching as much as €220 billion.
The SW Rural Productivity Commission identified that full fibre Broadband and 5G mobile coverage will improve work, enterprise, services and visitor economy across our rural areas and so drive higher productivity.
We will work with our marine industry to develop our export potential, including marine autonomy - a global market forecast to be worth $136 billion over the next 15 years.