Post on 28-Dec-2015
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Local Enterprise Partnerships• 39 LEPs endorsed by government
• A partnership between business, local authorities, HE/FE, community sector and LBUB
• Understand the barriers to growth in their areas
• Self determining…
Activity• £7.3m SME Funding Escalator (£1.2m to nine high growth companies)
• Bankers’ Forum x 2
• GPF - £4.5m into regeneration schemes – kick starting
• City Deal – focus on young people’s skills and support; negotiated through AMG and now detail
• Free SME training then meet the buyer. All to achieve a framework that offers level playing field to
SMEs
• LHR commissioning of evidence and position statement (202 FTSE)
• Corporates Forum and Central Working to compete with Tech City
• Superfast Berkshire - £1.48m + £100k + £300k
• WRAtH £500k + £40k
EU SIF position in Berkshire• TVB LEP has been awarded Eu28.7m between 2014 and
2020 • One of the smaller allocations in England• North East allocation Eu539.6m• South East allocation Eu185.9m• Investment decisions should be based on Strategic
Economic Plan
Core ThemesMinimum spending levels at National level
required by Regulations
More Developed Regions
Innovation At least 80% ERDF must be spent on these four themes of which at least 20% to be spent on Low CarbonSME Competitiveness
Low CarbonICT
Employment At least 20% to be spent on Social Inclusion
Skills
Social Inclusion
European Structural Funds minimum spending requirements per theme
Core Themes 2014 2015 2016 2017 2018 2019 2020
Innovation £401k £401k £412k £412k £423k £434k £568k
SME Competitiveness £416k £416k £428k £428k £439k £451k £589k
Low Carbon £308k £308k £317k £317k £325k £334k £437k
ICT £416k £416k £428k £428k £439k £451k £589k
Employment £616k £616k £634k £634k £651k £668k £873k
Skills £616k £616k £634k £634k £651k £668k £873k
Social Inclusion £308k £308k £317k £317k £325k £334k £437k
TVB LEP forecast allocations per annum per theme
N.B. With limited funding need to focus on large projects that can deliver growth AND all projects must be able to deliver MATCH funding
Core Themes - Projects Potential Match Funding sources
Innovation UoR Science ParkCatapult/Launchpad
• Reading University via Research Council or HEFCE Funding• Technology Strategy Board
SME CompetitivenessUoR Science Park • Reading University via Research Council or HEFCE Funding
• UKTI Trade Advisor – offer currently too expensive• Growth Accelerator – part of City Deal Growth Hub Network?
Low CarbonLow Energy PartnershipFrom Strategic Infrastructure Group
• Climate Berkshire and energy company obligations• Various
ICTUoR Science Park • Reading University via Research Council or HEFCE Funding
Employment & SkillsCity Deal Skills GatewayHigher & Technical Skills
• Skills Funding Agency• DWP – prospectus not yet received• FE Colleges
Social InclusionMulti-projects to support SEP
• Automatic opt-in to Big Lottery• Tri-partite arrangement with Big Lottery & BCF
• Consultation with key partners/stakeholders etc. to be completed 6th September 2013
• First draft to be submitted by 7th October 2013
• Final proposals to be agreed with Government early 2014
EU Structural and Investment Funds Strategy – Timeline
Spending Review • Local Authority Transport Majors• Local Sustainable Transport Fund• Integrated Transport Block• FE Capital• ESF Match• New Homes Bonus• First real opportunity for businesses to have real influence and say in use
of public funds and economic policy• Strategic Economic Plan
Strategic Economic Plan (for Growth)• Already have a growth strategy
• Four strategic priorities
• All based on consultation
• Reviewed already
Strategic Economic Plan• The purpose of the project is to produce a Thames Valley
Berkshire (TVB) Strategic Economic Plan (2015-2021) for consultation, by 13 December 2013. This should be 'best in class' to secure the maximum Local Growth Fund allocation from central government.
• It should set out the distinctiveness of Thames Valley Berkshire and how the LEP can add value to the creation of sub regional economic growth through tangible outcomes that can be delivered collectively or by the constituent partners of the LEP.