Government’s Perspective on Growth

Rowena LimbArea Director, BIS East & South East Midlands

BIS Local – EM and SEM• BIS decision to have place

based contacts • BIS Local is a network of

six teams across England to: – Realise ec.opportunities – Influence policy using

local knowledge– Respond to ec shocks – Support Ministers

Programme for Government - May 2010

Banking

Tax

Credit Flow

Reduce Red Tape

Boost enterprise

Grow exports

Four aims of Government on Growth

• To create the most competitive tax system in the G20

• To make the UK the best place in Europe to start, finance and grow a business

• To encourage investment and exports as a route to a more balanced economy; and

• To create a more educated workforce that is the most flexible in Europe.

What are we doing? Part 1 - Tax

Competitive tax rate

• Corporation Tax• R&D credits

Part 2: Businesses

• Reduce Red Tape• Fairer employment rights• Support small business procurement• Access to Finance schemes

Part 3: Investment and Export

Part 4: Educated and Flexible Workforce

Government action – more than 1 place

EOPApprenticeshipsRGF & AMSCITSB & CatapultGrowth AcceleratorUKTIMAS

MML electrificationECML improvementsLTBsPinch PointLSTF

Rural Growth NetworksFlood Defences

Enterprise Zones Growing Places FundNew Homes Bonus CILCoastal Communities FundBusiness rate retention

City DealsWhat Works CentresSocial EnterpriseLEPs

European Funding

What’s next?

LEP strategies

Single Pot?

Industrial StrategyBusiness BankEuro Funds 2014+

Budget: 20th March 2013

City Deal Wave 2

Landscape Changes

• 1997 - Regional Development Agencies

• 2010 - Decision to abolish of RDAs• (Total budget of £1.8 bn in 2010/11)

• 2010 - First Local Enterprise Partnerships established

What is a LEP?

• Voluntary partnership of public and private sector

• Private sector led Board

• Cover a functional economic area

• Purpose to help determine local economic priorities and lead economic growth and job creation within its local area.

What do they do?

• Local determination initially• Strategic Growth Plan to set priorities• Now some public funds – GPF• RGF programmes to deliver• Role in City Deals• European Funding model proposes LEP

allocations• Influence skills and transport policy

LandscapeLAs LEPs

SFA / NAS

GA / MAS

UKTI

HCA

Environment Agency

MMO

TSB

MODDWP / JCP

HA

Natural England

English Heritage

HMRC

Businesses

Business Organisations

Social Enterprise Banks

Investors

Utilities

FE

HE

BIS

DCLG

TUS

Civic Society

Trade Associations

SSCs

HMT

Contacts

Business Support and Innovation: ian.harrison@bis.gsi.gov.ukEuropean, LLEP: pete.holmes@bis.gsi.gov.uk D2N2, Lincolnshire: maria.lyle@bis.gsi.gov.uk

Northamptonshire, SEMLEP: will.morlidge@bis.gsi.gov.uk Rutland: peter.northover@bis.gsi.gov.uk