1. Hull & East Yorkshire Bondholders Accessing Finance Seminar Liz Baghurst Director of Funding & Grants, Seafox Management Consultants Limited www.seafox.no 1

2. Presentation Journey Context Sources of Funding Business Growth Innovation Workforce Development What makes for a winning bid Future Developments 2

3. Context for the discussion Political – UK Coalition Govt – Local Growth White Paper (Oct 2010) – Change of approach to Arms Length Bodies – Local Enterprise Partnerships / Enterprise Zones EU – Europe 2020 – European Structural Funds 2013-2020 Economic – Global downturn – Export opportunities 3

4. Sources of Grant Funding UK Government – Central Departments – Arms Length Bodies (ABLs) – Local Authorities European Union – EC Central Departments – UK Government Managing Authorities 4

5. Business Growth Funds Expand, Rationalise or Diversify Competitive Needs/Opportunity based State Aid Compliance Geographical targeting Restrictions for some sectors Business Case and Financial Plan Outcomes or ‘Return on Investment’ Tier 2 Assisted Areas in Hull and East Riding of Yorkshire East Riding of Yorkshire  Hessle  South Hunsley  South West Holderness Kingston Upon Hull  Drypool  Holderness  Marfleet  Myton  Newland  Pickering  Southcoates West  St Andrew’s

6. Regional Growth Fund Centrally managed fund Round 1 and 2 complete £1.4 billion up to 2014 Grants, Loans and/or loan guarantees Capital and Revenue Round 3 expected in 2012 Projects, Packages & Programmes Minimum Grant Threshold £1m Grant Rates Apply Growth and Jobs!

7. European Regional Development Fund (ERDF) Yorkshire & Humber Region £300m up to 2013 Capital and Revenue Priorities, support for: 1.Innovation & R&D 2.Enterprise 3.Sustainable Communities Co-financing - 30-60% grant rate 7

8. Grant for Business Investment (GBI) Available for: Large Projects >£2 million grant Offshore Wind Manufacturers Exceptional projects 1.mitigate or avoid a significant downturn in the local labour market; or 2.address a significant market failure ‘Assisted Areas’ that need more help Typically 10-15% grant rate 8

9. Rural Development Programme for England European Fund managed by DEFRA The Rural Enterprise Investment Programme (REIP) – Helps businesses start-up and grow – Min Grant £25,000 – 40% Grant Rate The Farm Resource Efficiency Programme (FREP) – Small Capital Grants – £1,500 - £25,000 9

10. Innovation New ideas that – Improve sustainability – Reduce costs/effort – Create new products and services Knowledge Economy – Technology – Knowledge – Collaboration 10

11. Technology Strategy Board Grants for Research and Development (R&D) – Small to Medium sized companies – Proof of Market – Proof of Concept – Basic Prototype Development Knowledge Transfer Partnerships – Small and large companies – Project work with a University Competitions – Research – Feasibility Studies – Healthcare, Transport, Energy sectors 11

12. Workforce Development Build competitive industries through skilled workforce Grants available for: – Apprenticeships – Non-statutory training Levels 1-3 – Leadership and Management Contact your preferred supplier e.g. Universities, Colleges and Private Training Providers 12

13. Future Developments Growing Places Fund Joint European Support for Sustainable Investment in City Areas (JESSICA) Region Growth Fund Round 3 Local Enterprise Partnerships Enterprise Zones Big Society 13

14. Key Messages Grant Opportunities ARE available! Focus on growth and jobs Private sector led regeneration Seafox ‘Funding for Ambition’ in the Humber 14

15. Thank You for your Attention........ Liz@seafox.no Tel: 01472 361323 Twitter: @LizBaghurst Liz@seafox.no