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Bournemouth Strategic Leadership Forum
Lorna Gibbons
Dorset LEP Director23 May 2014
DorsetLEPBoard
Competitive
Businessorganisations
andnetworks
Strategiceconomic
development
Talented Connected Responsive
Business sectors
Dorset Challenges and Opportunities
• Challenges– Connectivity– Low productivity– Low wage economy– Skills gaps– Public sector dependence– Two speed economy– Business support
• Opportunities– Environmental assets– Diversity– Strong sectors– HE / FE– Redevelopment sites– Additional funding– Renewable energy
Government agenda…?
• 89 recommendations: only 5 rejected
• Increased devolution to LEPs
• Strategic economic plan
• Competitive and formula funding
• Local authorities as accountable bodies
2015All Funding Available, Integrated delivery and long term planning
Heseltinetimescale
European Structural & Investment Funding Strategy (ESIF)
£40.33m (47.1m Euros)
INVESTMENT PRIORITIES:• Driving Business Growth & Innovation (£15.6m)
• TO1 – Strengthening Research, Technological Development & Innovation• TO3 – Enhancing the competitiveness of Small & Medium Enterprises
• Reducing the Carbon Footprint (£6.53m)• TO4 – Supporting the shift towards a low carbon economy
• Supporting & Improving the labour market & workforce (£18.2m)• TO8 – Promoting employment & supporting labour mobility• TO9 – Promoting Social inclusion & combating poverty• TO10 – Investing in Education, Skills and Lifelong Learning
European Structural & Investment Funding Strategy (ESIF)
HOW:• 68% through Opt-in organisations
• DWP, SFA, Big Lottery, UKTI, MAS,• Remainder by direct application in response to prospectuses
• Requires 50% match funding.• Establishing a Local Area Partnership (LAP)
• To agree and oversee the delivery of the fund in Dorset
WHEN:• 31 May 2014 - Final revised Strategy submitted to Government• July-Oct 2014 - Further guidance due• From 2015 - Start spending• December 2020 - Funding ends