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North East of England ERDF Competitiveness Programme

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Presentation on theme: "North East of England ERDF Competitiveness Programme"— Presentation transcript:

1 North East of England ERDF Competitiveness Programme 2007-13
Iain Derrick ERDF Secretariat Manager DCLG ERIP Conference 24th November 2011 North East of England ERDF Competitiveness Programme

2 Overview ERDF in the North East 2007-13
What is on the horizon post 2014? Questions?

3 North East England ERDF Competitiveness Programme
Euros 375m / £322m ERDF investment in the period Local Management Committee Responsible for the strategic management / oversight of the Programme Public / Private/ HE / TUC / Voluntary sector representation Northern Business Forum (NBF) is a member LEP representation Chaired by DCLG Deputy Chair agreed by partners

4 NE ERDF Competitiveness Programme
Euros 375m / £322m ERDF investment Priority 1: Enhancing and Exploiting Innovation Priority 2: Business Growth / Enterprise promotion Key objectives Innovation / competitiveness and technology led sectors Support for business to start, grow and prosper New Governance arrangements Strengthened private sector representation on Local Management Committee and Programme Executive group Role for Local Enterprise Partnerships (LEPs) Deputy Chair role

5 Further £120m available for investment up to 2015
in Numbers £322m ERDF £202m ERDF financially committed £120m ERDF spent 88 projects (live / complete) Actuals 1, 321 new SMEs assisted 3,762 SMEs assisted 1,985 Businesses created 6,363 jobs created / safeguarded Further £120m available for investment up to 2015

6 Manufacturing Advisory Service / North East Productivity Alliance (MAS-NEPA)
£4.2m programme established in 2008 Practical assistance to strengthen productivity and competitiveness Strengthening region’s manufacturing sector by: Safeguarding over 3,000 jobs Training over 8,500 people Saving over £50m Reducing waste and energy consumption / carbon emissions Experts from MAS NE’s Energy Team visited NORFRAN – manufacturer of high pressure diecastings based in North Tyneside – and saved the company 35% on its annual energy bills by renegotiating contracts, saving over £200,000 and safeguarding around 20 jobs.

7 DigitalCity – Tees Valley
DigitalCity strengthens Teesside University’s innovation and creative support services and builds upon its connections with the region’s digital media SMEs. DigitalCity Business has created 120 small businesses 100% of businesses created survived beyond the first year. 178 jobs created Developing a worldwide reputation for enterprise and creativity.

8 Finance for Business: North East
North East first in England to establish a JEREMIE Financial Engineering Instrument Holding Fund £125m (including £59m ERDF / £62m European Investment Bank) Since launch in 2010 £22m invested directly levered an additional £26m private sector investment 159 SMEs assisted to date, 850 by 2014 792 jobs created / safeguarded, 5000 jobs created by end 2014 Lasting legacy to the region

9 Enterprise £80m of ERDF supporting enterprise Over 4,000 people helped to explore potential to start own business Nearly 2,000 new starts and 750 businesses helped to improve their performance For example: Craig Smith set up The Printed Bag Shop after receiving help from The Prince’s Trust’s Enterprising Young People Initiative. North East Young Entrepreneur of the Year The Princes Trust – 2008 Winner of Enterprise

10 Business Enterprise North East
£28m targeted support to SMEs up to 2012 to ensure growth and survival Delivered business support to North East companies through services including Business Link, UKTI and Compete North East Business consultancy support for SMEs Support for business creation Support for exports

11 New proposals for EU Structural and Cohesion Funds post 2014 published 6th October (Draft regulations) Envisaged that EU resources could be available to support economic development in current North East Programme area EU Cohesion proposals include new ‘transition’ category likely to be of direct benefit to Durham and Tees Valley Rest of region to have potential access to ‘Competitiveness’ type funds (More Developed regions category)

12 EU seek to align funding with the EUROPE 2020 Growth Agenda
Smart (innovation / competitiveness) Sustainable (low carbon economy) Inclusive (social and territorial cohesion) The focus of any future transitional / more developed regions funding will prioritise: Energy efficiency and renewables SME competitiveness Innovation

13 Issues still to be resolved - ERDF
Size of the pot Distribution / allocation of resources across Devolved Administrations and England National or regional programmes? How to accommodate focus on functional economic areas rather than administrative areas? Role for LEPs? Simplification agenda

14 Key themes identified for the UK
Infrastructure investment Support for SMEs Innovation Employability and skills Localised regeneration and community economic development Greater use of Financial Engineering Instruments (FEIs) Transition to resource efficient, low carbon economy

15 Next Steps To be discussed by the Council and the European Parliament, with a view to adoption by the end of 2012 BIS coordinates UK Government input Negotiations will run in parallel to EU budget negotiations Final allocations by Member State, and lists of eligible regions by category, to be decided after the final adoption of the package


17 Questions?

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