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GREATER BIRMINGHAM & SOLIHULL LEP The Local Enterprise Partnership Agenda Supporting Growth Paul Heaven Lead LEP Board Member – Access to Finance/ Business.

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Presentation on theme: "GREATER BIRMINGHAM & SOLIHULL LEP The Local Enterprise Partnership Agenda Supporting Growth Paul Heaven Lead LEP Board Member – Access to Finance/ Business."— Presentation transcript:

1 GREATER BIRMINGHAM & SOLIHULL LEP The Local Enterprise Partnership Agenda Supporting Growth Paul Heaven Lead LEP Board Member – Access to Finance/ Business Support

2 The LEP Business-led Board (9 business and 8 public sector) Inaugural Board meeting on 8 th June Setting the strategy to drive economic growth An ‘enabler’ Key aims:  Increase GVA by 30% (£8.25bn) by 2020  Create 100,000 private sector jobs by 2020  Boost indigenous and inward investment  Achieve global leadership in key sectors  Build a world class workforce

3 Cllr Roger Hollingworth Bromsgrove DC Board composition Andy Street Chairman MD, John Lewis Steve Hollis Deputy Chairman West Mids Chair, KPMG Local Authority/Public Sector representatives Business members Cllr Mike Whitby Birmingham CC Cllr Ken Meeson Solihull MBC Cllr Daniel Cook Tamworth BC Rob Brown Group Managing Director Roger Bullivant Ltd Nick Bunker President Kraft Foods & Cadbury Brian Francis European Group Gestamp Tallent Auto Paul Heaven Owner/Manager Blue Sky Corp Finance David Kaye Formerly National Express Wade Lyn Managing Director Island Delights Alan Volkaerts Operations Director Jaguar Land Rover Cllr Michael Wilcox Lichfield LDC Cllr Richard Grosvenor East Staffs BC Cllr George Adamson Cannock Chase DC Prof David Eastwood University of Bham

4 Some 2011 Milestones:- Apr – Andy Street – 1 st Chair May – Full Board Announced June – 1 st Full Board Meeting July – LEP Support for HS2 July – City Centre EZ Bid gets Green Light Sept – LBRO Workshops Oct – Creative City Launch Nov – £50m Growing Places Fund Nov – £25m Advanced Engineering £25m RGF2 Fund

5 Opportunities Birmingham’s significant assets and drivers Enhanced by offer from Solihull, South Staffs and N Worcs Opportunity to do things differently Limited funding means that we can not ‘follow the money’ Mandate from Government to ‘proceed until apprehended’ Partnership between the private and public sectors

6 Emerging Strategy LEP to be a world-class city region Built around strategic economic assets and opportunities Need to be bold and game changing Long-term agenda with short and medium term objectives Focus on a small number of key priorities Play to strengths of private and public sectors Framework based on: Business; People; Place

7 Strategy for Growth Making it happen… BusinessPlacePeople Business ledLocal Authority ledEmployment and Skills Board Business support Access to finance Inward investment Birmingham – a global city of choice Solihull – economic growth driver Region – complementary strengths Linking education and business Higher level skills Low skills and economic inactivity Young people Apprenticeships

8 Business Support all business but playing to sectoral strengths:  Advanced manufacturing, especially automotive  Life Sciences  Creative and Digital industries Addressing fragmented business support  Improving access to business support  Improving access to finance and reducing regulation The branding of the city region for inward investment Reducing regulation - national pathfinder with LBRO Promoting role of social enterprise

9 Business Support Agenda General role Interface with Business Community Advise the LEP Board Influence Government Policy Link with National Programmes Establish Priorities Seek Funding for Local Projects/Programmes

10 Business Support Agenda Business Support Closure of Business Link Signposting Private Sector Support Co-ordination/Linking Local Support ERDF Funding Bid Manufacturing Advisory Service High Growth Coaching Programme Universities/Science Park Coaching Mentoring Influence/Set Priorities/Make Best Use

11 Business Support Agenda Access to Finance Equity Gap Challenge SME Access to Finance Working with Banks Working with Business Growth Fund Close engagement with RDA Legacy Funds Close engagement with Capital for Enterprise Better Knowledge of National Sources of Finance RGF2 Bids (Advanced Engineering Supply Chain) Long Term Ambitions to Secure own SME A2F Funds

12 People Business–led LEP Employment and Skills Board to set strategic agenda Work with providers to shape delivery Six agreed priorities:  Employer / demand led approach to skills offer - courses, qualifications and curriculum  Engage with schools & young people early  Provide right careers advice  Core employability skills  Focus on higher level skills and apprenticeships  A shared understanding of skills needs

13 Place Creation of an ambitious spatial framework  High profile, iconic developments Connectivity  Full support for High Speed 2  Highway investment e.g. A45 Improvements (successful RGF 1 bid)  Supporting the airport extension  Leading edge digital connectivity Creating a ‘business-friendly’ planning service

14 Enterprise Zone Outcomes by 2025 Over 700,000 sq metres of new floorspace Focus on professional and financial services, digital media, ICT and creative industries Up to 40,000 jobs £2.8 billion to the economy in GVA once the above growth is delivered Business rate uplift of up to £70 million p.a. Available for investment across the LEP

15 Delivering the Strategy Strategy will only be as good as the delivery mechanisms supporting it Need to harness strengths of private and public sectors Seeking input and ideas

16 What can the LEP Do? LEP is NOT a replacement to RDA Manage Expectations Business Lead v Influence Localisation – the Reality v Theory Transformational Change v Incremental Change Focus upon Local Private Sector Priorities Create the Environment for Change Focus upon Local Strengths/Skills Leverage Local Talent Pool

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