Measuring Success

An Annual Broxbourne Economic Report will be produced to consider progress in terms of reviewing headline indicators (presented below), spotlighting successes, highlighting challenges and refining the Action Plan accordingly, ensuring that the Strategy is agile and flexible and, as a result, remain fit for purpose. The table below presents the initial proposed headline indicators that will enable performance to be measured. 

What will success look like?

Taking the headline indicators alongside the main points in the action plan it is envisaged that in...

2016...

2020...

2030...

All this information can also be found in the Economic Development Strategy which can be found here. The targets will be developed and agreed with stakeholders during the consultation process.

 

What will success look like in...

2016...

  • The local plan is well advanced and key commercial and residential sites identified
  • An Inward Investment programme is established and the key strategic commercial sites are now well positioned in a global market place and there is a steady stream of investor interest.
  • There is a greater understanding of the impact of planned growth on the A10 and proposals are being developed to ensure appropriate improvements.
  • The preferred Crossrail2 route is being finalised and plans for local improvements are being developed.
  • There is a strong pipeline of town centre improvement schemes which are already improving footfall and associated trade. As a result the shop vacancy rates have fallen and community safety has improved.
  • The Broxbourne Enterprise Centre is completed and already has an occupancy rate of 50%. Planning is underway for the construction of move on and accelerator space which   includes the introduction of workshops onsite and the development of new commercial space on other sites across the Borough.
  • Most of the Borough is served with superfast broadband and plans are underway to increase speeds even further so as to meet the electronic trading needs of both existing companies and new businesses coming to the area.
  • There is a continued increase in the offer and take up of apprenticeships which is already resulting in improved skills and occupation levels across the Borough with a particular focus on life sciences, retail, creative and financial and business sectors.
  • The Council is involved with a number of local and strategic partnerships to take forward the economic growth priorities. In particular, many local businesses are becoming engaged through the Chamber of Commerce Broxbourne work programme and the Council’s Business Charter. As a result, council services are becoming more aligned to unlock the potential of the economy. 

2020...

  • The local plan has been adopted with delivery well underway and the next review being planned.  
  • The Inward Investment programme is well established with investors and businesses secured for the key strategic sites.
  • The proposed A10 improvements are programmed within investment plans ready for delivery.
  • The Crossrail2 design is complete and planning approvals secured
  • Most planned town centre improvement schemes are complete with footfall and trade continuing to improve and as a result the shop vacancy rates and community safety have both improved further.
  • The Broxbourne Enterprise Centre is operating at full capacity and has created 80 new businesses and 300 jobs. An onsite extension and several new commercial spaces across the Borough are complete providing move on and accelerating space along with a  number of neighbourhood offers.
  • Most of the Borough is served with improved superfast broadband.  
  • There is a continued increase in the offer and take up of apprenticeships which are has resulted  in significant  improvement in the skills and occupation levels across the Borough with a particular focus on life sciences, retail, creative and financial and business sectors.
  • The Council is involved with a number of formal joint ventures with local and strategic partners to take forward the priorities.  The Chamber of Commerce Broxbourne work programme is self-sufficient and over half of local businesses are engaged. The Council’s Business Charter continues to evolve and to unlock the potential of the economy. Local businesses are enjoying growth through improved networking and support. 

2030...

  • The local plan is going through its third review and new sites are being explored to support current priorities.   
  • The Inward Investment programme is embedded and the key strategic sites are developed and new sites are coming on line.
  • The A10 improvements are complete and further improvements are being investigated as part of the local plan review process.
  • Crossrail2 is built and ready to start operating.
  • A further phase of town centre improvement schemes has been developed and implemented to sustain vitality and viability and increase the number of social and cultural facilities on offer.
  • The Broxbourne Enterprise Centre and the wider network of enterprise spaces have now been operating for 15 years and are feeding employment growth on the key strategic commercial sites.   
  • All of the Borough is served with superfast broadband which is critical for sales, marketing and exporting.  
  • There is a continued increase in the offer and take up of apprenticeships across the life sciences, retail, creative and financial and business sectors.
  • The Council is involved with several joint ventures that have unlocked the Council’s assets to increase revenue and drive economic growth priorities.   

 

Getting in touch with the team

To share your views or for further information on Ambition Broxbourne please get in touch via

Telephone: (+44) 01992 785 624

Email: economic.development@broxbourne.gov.uk

The Economic Development Team are based in the Broxbourne Borough Offices, Bishops' College, Churchgate, Cheshunt, Hertfordshire, EN8 9XB