This paper, commissioned by Coast to Capital outlines the need for a top-down strategy review to complement the bottom-up analysis and consultation approach being taken to develop a Strategic Economic Plan for the Local Enterprise Partnership. This top down approach has focused on the establishment of Regional Innovation Systems (RIS) underpinned by two core components Smart Specialisation and the creation of innovation friendly business environments for SMEs. It is based on a wider view of innovation that is not just technology based but recognises creativity in general and the value of open innovation systems, centred on collaborative networks and communities. The strategy attempts to provide answers to three broad questions:

1. What is the Coast to Capital area to be known for?
2. How will it need to respond to developments in technology and other forms of innovation?
3. Where is it genuinely at the leading edge of innovation – what are its research and innovation strengths and where do they lead?
A range of potential sector specific initiatives have been proposed each revolving around establishing a network of innovation. The Coast to Capital LEP role would be to act as catalyst or convener for the innovation networks, to provide leadership where necessary, to draw in the required partners for each chosen network, and to support the network to self-sufficiency.