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Investor Presentaiton

A key dilemma: • Is the focus on "people" or "places"? Data for places can improve as a result of in-migration, without benefit to the existing residents Improved outcomes for people can be associated with out-migration and no improvement in data for places A better skills profile for individuals is a key factor in making an area more attractive to business - which effect wins out? Evidence suggests the well-being of residents, if not their economic outcomes, can be increased by improving the quality of place. 17

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