Northamptonshire loves supporting business

• Introducing Northamptonshire LEP

• Supporting business

• Working with Northamptonshire Library service

Primary Purpose

• Jobs

• Growth

• Prosperity The place for enterprise

Key Themes

• Supporting enterprise and entrepreneurship

• Developing skills and improving employability

• Securing European and international investment

• Investing in Infrastructure and the environment

• Promoting Northamptonshire

Results to date…

• 1500 jobs created with NEP support • 21 inward investments • 86 new businesses started • 500 individuals supported through pre-start

programmes • 1500 local businesses supported • £7.7M private leverage; £6M public leverage

Result !

SME stats

• 97% of Northamptonshire businesses are SMEs

• 80% of Northamptonshire business employ less than 10 people

• Over 3 million self-employed ‘one man bands’ in the UK

– If each of those employed just one person???

• Vital to support and nurture.

Supporting existing business

• Relocation to Northamptonshire

• Key sector support

• Business parks

• Funding

• Recruitment support

INV-ENT case study

What

• Stimulate innovation & growth

• Enable job creation

How

• Business rate “rebate”

• Grants of up to £20,000

• 2 funding rounds per year

Spraylat International Ltd, Corby

Developing a new, green product for aerospace industry

“INV-ENT funding will enable us to invest in new equipment to manufacture the product and to launch in the UK, Europe and internationally.”

Job brokerage case study

What

• Address recruitment needs of growing companies

• Tackle youth unemployment

How

• Single point of contact

• Tailored recruitment solutions

• Discuss funding available

• Make contact with training providers

• Advertise job vacancies

• Matching and screening

Physio First, Northampton

Business growth cycle

Maturity

Growth

Start-Up

What support do people need when starting a business?

• Funding

• Legal guidance

• Managing money

• Marketing

• Someone to talk to!!!

Working with Northamptonshire Libraries

• Identify common goals

• Pool resources

• Training

• Start small

• Learn and grow

Start-up support

Feedback so far …

• “A good service and it was free!” • “Fantastic insight; now know how to get started,

has eliminated some fears. Thank you!” • Friendly and informative • Excellent facility for people to start a new

business • I found this really useful, informative and

motivational • Many thanks for a great session! (and the

biscuits!)

LEPs: the future

• Heseltine Review

• Witty Review

• Spending Review

• Single Pot for Growth

• EU funding

... Opportunities for partnership working.

We’d love to hear from you!

fiona.ozdemir@northamptonshireep.co.uk