Date post: | 17-Dec-2015 |
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“The LEP - enabling, supporting and championing economic growth”
Our Strategy to enable investment in better jobs, improved skills and increased prosperity
Where have we got to• Strategic Economic Plan (SEP) - An over-
arching strategic economic plan, setting out our ambition and priorities for growth as required by Govt
• Growth Deal - Local Growth Fund competitive bid to Govt plus asks for “freedoms and flexibilities”
• EU SIF – submitted and responding to formal feedback from Govt
• Plymouth and Peninsular City Deal approved and benefitting Somerset
Our BIG opportunities
Marine / City Deal Hinkley legacy Exeter Smart Jobs Aerospace
Rail, Road and Digital Connectivity Skills Infrastructure
Dependent on
Growth deal position
LEP’s transport, digital, skills and enterprise support infrastructure requires investment on a transformational scale to enable growth.
LEP local growth fund “asks” and wider requests of Government focus on the “big” opportunities and barriers.
Negotiations with Govt ongoing. Deal likely to be taking shape by end of June and announced by summer recess.
Government “asks” of LEPs and their local authorities likely to be part of the Deal .
• Local transport improvements, FE College capital developments and broadband/mobile connectivity improvements in Somerset potentially to be funded by LGF
• LEP’s wider growth deal asks include Somerset infrastructure priorities including A303 improvements
• Government focus on nuclear and flood response being key parts of the Deal
Growth Deal – Somerset headlines
Support for businessGrowth Hub
•Vouchers for rural businesses•Grants for job creation•Access to Finance aid•Business Engagement Service•Clear signposting •Export advice