NEW ANGLIA

Local Enterprise Partnership

10th December 2013

New Anglia

• Norfolk and Suffolk with ‘shared territory’ with GCGP

• Population approx. 1.5 million

• 60,000 businesses – mostly SMEs

• £26 billion GVA

• Established in May 2011 as a company limited by guarantee

• 14 Board members – 7 business, 6 local authority, 1 HE/FE

• 11.5 members of staff (we’re not EEDA!)

Aims and Objectives

• Bring private and public sector together• Break down barriers to growth and job creation• Signpost businesses towards local and national

support• Strategic Leadership for collective action on

growth• Small scale direct delivery• Not a grant giving body• Role and remit is growing all of the time

So far……………………..

• East of England Energy (Enterprise) Zone– Great Yarmouth/Lowestoft– 13,000 jobs over 25 years

• Finance for Business– £13 million to support business growth– Grants between £5,000 and £500,000 up to

20% of costs

• Growing Places Funding– £18m of loans into 8 projects (revolving Fund)

And………………………

• Focus on the Green Economy– National pathfinder

• Business Information Portal

• Skills Manifesto

• Lobbying for transport improvements

• Two City Deals with Growth Hubs

• Assisted Area Status

At the moment…………..

• Period of strategising!

• Towards a Growth Plan

• Strategic Economic Plan

• EU Investment Strategy - £81m over 7 years– Support for social enterprise– Support for VCS

Opportunities

• Third Sector / VCS Engagement Plan

• Funding to understand the sector

• EU ‘Structural and Investment Funding’

• Blank canvas

• Community Led Local Development (CLLD)

– £6m for ‘bottom-up growth’

• Collaboration potential between LEPs

How to engage with us

• Help us to help you

• Understand our priorities, role (and limitations)

• Understand that all LEPs are different

• Talk our language

• Have a collective voice

• Respond to consultation (SEP in January)

• Think scale and collaborate