Newsletter

Issue 72: 7th May 2010

In this edition
 
 
   

 

> What's new? > Partner’s Perspective: “Turning survival into well-managed profitable growth”, Dr Juliet Williams CBE, Strategic Management Resources Ltd. > How is Convergence doing? > What are other European Programmes doing?

 
 
 
   
 

This is part of a monthly series of newsletters that will keep you up to date with the progress of the Convergence Programmes for Cornwall and the Isles of Scilly as they are put into action over the coming months.

 
  Whats new?
 

For all the up to date news about Convergence visit the website and follow us on Twitter.

 
  Partners Perspective
“Cornwall’s Approach to Economic Development”

Dr Juliet Williams CBE, Strategic Management Resources Ltd.  Non-Executive Director, Twofour Ltd, Plymouth, David Nieper Ltd, Alfreton, Derbyshire and B2B Marketing Ltd, London.

 
 
A revolution  

“The current economic climate is masking a technological revolution that has massive implications for business behaviour posed by a revolution in channels to market, the consequential handicap of an inadequate skills resource and the lack of freedom that people with ideas have to experiment and make change happen.

Using digital technologies  

“The emergent digital technologies have exploded the media universe and provoked an unordered rush to harness them. However, as yet, the newly required knowledge remains, by and large, the preserve of the TV, film and video production companies with our traditional marketing and business services suppliers, by their own admission, unsure as to how to accommodate the oncoming tsunami. Their corporate clients also acknowledge fear of an inability to understand media convergence fully, as well as the manner in which the conventions of the strategic business and marketing processes, product development and investment in research and development may have to be adjusted to maintain global competitiveness.

Lack of appropriate skills  

“It is, nonetheless, the lack of an appropriate skills resource that challenges the contribution that the technology-intensive sectors are forecast to make to future UK GVA. Web and digital design are different from graphic design and do, urgently need to become part of the curriculum. Lack of these skills is already challenging the creative sector but the wider business community does also need to be inducted into what has now become possible with the adoption of sophisticated multiplatform communications solutions.

Research and masterclasses  

“The Creative Laboratory that is central to the offer of the new Institute of Media, Innovation and Technology (iMIT), a partnership between Twofour, the broadcasters’ 2010 choice as the number one independent production company, the University of Plymouth and University College Falmouth, is to host both research projects sponsored by brand leaders and masterclasses for business leaders and influencers. This is a critical start in addressing the situation.

Invest in skills to harness opportunities  

“There can be little doubt that our future business competitiveness is about gaining the confidence to intervene in the status quo, think the unthinkable and invest in a skills resource that meets a vital need to harness the opportunities of media convergence."

 
  How is Convergence doing?
Convergence Programme position as at 7 May 2010

The table below summarises the value of Convergence investments – we have met our spend targets for 2009 and are on the way to meeting those for 2010.

 
 
All monetary figures are £ million Total ERDF Programme ESF Programme
Programme budget 550.2m 397.0m 153.2m
Value of investments contracted 236.1m 149.5m 86.6m
Value of investments endorsed (but not contracted) 21.8m 21.8m 0.0m
Actual project spend to date 83.5m 49.9m 33.6m
Spend target for end 2010 129.2m 82.9m 46.3m
 
 
 

NB. The Programmes’ budgets are set in Euros so the pound sterling figures are estimates and will vary with the exchange rate during the life of the Programmes.

The Convergence Programmes are investing in a higher value, more knowledge based economy.
A list of investments can be found on the Convergence website.

 

Glossary

Contracted: Contracts signed by both the applicant and the organisations managing the Programmes
Endorsed: Investments awaiting final exchange of contracts.
Spend: Money claimed from the European Union by projects for work in progress.
Spend target: The amount of money the Programmes must spend on by the end of 2010.

 
   
  How is Convergence doing?
 
 
Rural Programme  

Find Rural Development Programme contact details and updates on the Convergence website.

Fisheries Programme  

For the dates of forthcoming EFF panels, contact details for Steve Bailey who provides a facilitation service for developing applications and information about the fisheries programme, visit the Convergence website.

 
 
 

More detailed information about Convergence, links to key organisations and websites can be found on our website.

You can also check out the latest Convergence updates by visiting our new Media Hub.