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 2011North 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 periodLocal Management CommitteeResponsible for the strategic management / oversight of the ProgrammePublic / Private/ HE / TUC / Voluntary sector representationNorthern Business Forum (NBF) is a memberLEP representationChaired by DCLGDeputy Chair agreed by partners
4 NE ERDF Competitiveness Programme Euros 375m / £322m ERDF investmentPriority 1: Enhancing and Exploiting InnovationPriority 2: Business Growth / Enterprise promotionKey objectivesInnovation / competitiveness and technology led sectorsSupport for business to start, grow and prosperNew Governance arrangementsStrengthened private sector representation on Local Management Committee and Programme Executive groupRole 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 spent88 projects (live / complete)Actuals1, 321 new SMEs assisted3,762 SMEs assisted1,985 Businesses created6,363 jobs created / safeguardedFurther £120m available for investment up to 2015
6 Manufacturing Advisory Service / North East Productivity Alliance (MAS-NEPA) £4.2m programme established in 2008Practical assistance to strengthen productivity and competitivenessStrengthening region’s manufacturing sector by:Safeguarding over 3,000 jobsTraining over 8,500 peopleSaving over £50mReducing waste and energy consumption / carbon emissionsExperts 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 businesses100% of businesses created survived beyond the first year.178 jobs createdDeveloping a worldwide reputation for enterprise and creativity.
8 Finance for Business: North East North East first in England to establish a JEREMIE Financial Engineering InstrumentHolding Fund £125m (including £59m ERDF / £62m European Investment Bank)Since launch in 2010 £22m invested directly levered an additional £26m private sector investment159 SMEs assisted to date, 850 by 2014792 jobs created / safeguarded, 5000 jobs created by end 2014Lasting legacy to the region
9 Enterprise£80m of ERDF supporting enterpriseOver 4,000 people helped to explore potential to start own businessNearly 2,000 new starts and 750 businesses helped to improve their performanceFor 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 YearThe Princes Trust – 2008 Winner of Enterprise
10 Business Enterprise North East £28m targeted support to SMEs up to 2012 to ensure growth and survivalDelivered business support to North East companies through services including Business Link, UKTI and Compete North EastBusiness consultancy support for SMEsSupport for business creationSupport 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 areaEU Cohesion proposals include new ‘transition’ category likely to be of direct benefit to Durham and Tees ValleyRest 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 renewablesSME competitivenessInnovation
13 Issues still to be resolved - ERDF Size of the potDistribution / allocation of resources across Devolved Administrations and EnglandNational 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 investmentSupport for SMEsInnovationEmployability and skillsLocalised regeneration and community economic developmentGreater use of Financial Engineering Instruments (FEIs)Transition to resource efficient, low carbon economy
15 Next StepsTo be discussed by the Council and the European Parliament, with a view to adoption by the end of 2012BIS coordinates UK Government inputNegotiations will run in parallel to EU budget negotiationsFinal allocations by Member State, and lists of eligible regions by category, to be decided after the final adoption of the package