Headline evidence base for Cornwall and Isles of Scilly 3. Europe 2020. The Europe 2020 strategy provides a number of hi
EU investment strategy
Headline evidence base for Cornwall and Isles of Scilly
Europe 2020
GVA per capita £13,848 (UK £20,873)
Target of 34% reduction in green house gas emissions
Research and development spend 0.19% of GDP (UK 1.85%)
Contents Introduction................................................................................................................. 3 Europe 2020.................................................................................................................. 3 Economy........................................................................................................................ 4 Enterprise and innovation....................................................................................... 5 Employment and economic activity levels....................................................... 7 Social inclusion............................................................................................................ 8 Skills................................................................................................................................. 9 Environment................................................................................................................. 9 Strengths, weaknesses, opportunities and threats analysis...................... 10
2 EU investment strategy
Introduction
Europe 2020
Cornwall and Isles of Scilly has a GDP which stands at 72% of the European average (2009 figures). Despite an improvement in this situation prior to the recession (this figure stood at over 78% in 2006), it is clear that weaknesses remain within the economy. Addressing these are a priority for local partners and stakeholders. Highlighted below are the main economic characteristics demonstrating that economic growth and prosperity has been stimulated, but that key challenges remain.
The Europe 2020 strategy provides a number of high level indicators and targets for measuring overall progress against the themes of smart, sustainable and inclusive growth. Although these indicators and targets will not necessarily be used within the local context for the next Programme, a review of Cornwall and Isles of Scilly (C&IoS) current position helps to set the broader context for the Common Strategic Framework Funds. The analysis demonstrates that key issues are as follows: low level of R&D expenditure, higher level of early school leavers, lower levels of people with a tertiary education and people at risk of poverty.
EU2020 Headline Targets with UK and Cornwall and Isles of Scilly position
C&IoS target (2020)
C&IoS current position
Raising combined public and private investment levels in R&D
3% of GDP
No target set
1.77% (2011)
No target
0.19% (2009)
Reduction in Greenhouse gas emissions (index year 1990)
20% reduction on 1990
34% reduction
reduction of 25% (2009) 23% (2010)
34% reduction (down to 3m tonnes)
4.53m tonnes (2009) baseline
Share of renewable energy sources as % of gross energy consumption
20% share
15% share
2.9% (2009) 3.2% (2010) 3.8% (2011)
15% share (390 MW)
5.4% share 255 MW (2013)*
Improve Energy efficiency (index year 2005)
By 20%
No target set
7.9% (2011)
No target
--
% of population aged 20-64 in employment
75%
No target set
73.6% (2011)
No target
72.5%
Proportion 18-24 with lower secondary education or lower and not attending FE or training
< 10%
No target set
15% (2011) 13.5% (2012)
No target
15.7%
Increasing share of 30-34 year olds with tertiary/ equivalent education
40%
None set
45.8% (2011) 46.8% (2012)
No target
33.2% (average 2007-10)
20 million people out of the risk of poverty or social exclusion - Relative low income: proportion children in workless households where income less 60% median household income