1. St. Ives – Truro – Penzance – Helston – Camborne, Redruth – St. Austell – Saltash Launceston – Liskeard – Bodmin – St. Marys – Bude – Falmouth – Newquay. December 2011 January 2012

2. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

3. Today 1.Welcome and objectives of today For you to understand our LEP For us to understand your priorities and challenges as businesses To help us identify our key priorities

4. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

5. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

6. Cornwall’s Economic Assets Great Heritage Great Image and reputation – Numerous awards Inspirational Firms Above average growth in last ten years Great assets – Sea – Geography – Minerals – Farming and Food – People

7. Cornwall’s Economic Challenges Small but growing economy Very high self employment Drop in VAT registered businesses Youth unemployment Low full time annual earnings Higher level qualifications below national average Population change sustains pressure on housing Exploiting Superfast Broadband Balance between – Protecting key industries (e.g. tourism, agriculture, marine) – Building above average growth areas

8. Isles of Scilly Economic Assets – Stunning environment – The Isles of Scilly brand – Niche tourism market – High knowledge base – Horticulture industry Economic Challenges – Mono-economy – Transport and I.T links – Economic cost of isolation – Housing – Infrastructure – Skills – Low wages

9. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

10. What is a LEP? – National Context Government new approach – LEP’s at heart White paper ‘Realising every place’s potential’ Not prescriptive … Vision: ‘…provide the knowledge and strategic leadership needed to drive sustainable private sector growth and job creation in their areas depending upon local priorities’ 38 LEPs across England – need to determine those priorities

11. What is the LEP? It’s about… shifting power to the local community and businesses encouraging and empowering enterprise focusing on a few things unblocking barriers …determining priorities!

12. What is the LEP? It aims to… Create more jobs Improve skills Help overcome barriers to business growth Attract more private and public sector funds Create infrastructure to help business thrive Create a ‘can do’ enterprise culture Protect the value of our environment Seize the opportunities presented by superfast broadband and the global marketplace

13. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

14. Who are we? The Board Six appointed business members Chris Pomfret, Gaynor Coley, Chris Loughlin, Richard Reed, Joe Keohane, Simon Tregoning Five nominated Public sector/academic members Alec Robertson, Chris Ridgers, Anne Carlisle, Philip Hygate, Robin Teverson Two support staff Mel Richardson and Debbie Osborne

15. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

16. Values Openness and transparency Evidence – based Independent but consultative Put all of Cornwall and Isles of Scilly first – not parochial Non-bureaucratic

17. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

18. Governance and Communication Central Government LEP Board Councils x2 Coordination Other LEPs Implementation Agencies Contracts, money, targets, plans Targeted Actions Consulation Local Economy Stakeholders Incl. Public, private and voluntary sector bodies and consultative bodies Strategy

19. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

20. Progress So Far Start Up Fund Bid – £74K Capacity Fund Bid – £28K per year for 3 years Enterprise Zone Bid – Newquay Aerohub – 700+ plus jobs in aerospace sector by 2015 – Tax breaks for up to 5 years – Simpler planning via a Local Development Order Regional Growth Funding: – £13 million, total project cost £43 million – Infrastructure investment – Grants for business and social enterprises Growing places award – £4.2 million Initial development of Transport Strategy and Skills and Education priorities Support for other initiatives

21. LEP Strategy & Business Plan LEP 5 year Strategy and Business Plan ‘Not another strategy’ Consultants ‘SQW’ appointed Consultation key part: – December/January road-shows – Website Final document and launch Spring 2012

22. Delivered By External contractors, CDC, Council, Private Organisations, Academic institutions Strategy Development Sectors LEP Board SME SupportFinance Skills Training Education Infrastructure ManufacturingTourism Marine Renewable Energy Creative Industries Other Sectors Enablers

23. Agenda 1.Welcome and objectives of today 2. The Cornwall and IOS LEP The Economies – Assets and Challenges What is a LEP? Who is our LEP? Values Governance & Communication –Business Community –Wider Community –Other LEPs –The Councils Progress So Far Strategic Development The Future 3. Tell us Your Priorities and Challenges Questions and Answers 4.End

24. The Future for the Cornwall and IOS LEP To drive economic strategy through a business perspective To champion a small number of initiatives To seek funds where appropriate To challenge government and local government (transport, planning, bureaucracy) To support significant economic initiatives from the private sector and strategically relevant funding initiatives To facilitate (employment and skills, mentoring) To communicate with the business community

25. What will be success? Continued economic growth Belief and realising the potential No grant dependency Realistic challenger and supporter to Councils Success will be when we are inundated with lots of ideas and opportunities for growth rather than “what money have you got to give me”.

26. Cornwall and Isles of Scilly Local Enterprise Partnership PO BOX 723, TRURO TR1 9GH lep@cornwall.gov.uk www.cornwallandislesofscillylep.com