Building Better Opportunities European Social Fund 25 th February 2015

What is Enterprise M3? Enterprise M3 is a business-led Local Enterprise Partnership that is working to secure economic growth at sub-national level We bring together leaders from the business, public and not-for-profit sectors and provide the vision, knowledge and strategic leadership needed to drive private sector growth Our aim is to create the foundations on which our businesses can flourish

Where is Enterprise M3?

What does Enterprise M3 want to achieve? The Enterprise M3 Economy in 2020 GVA per capita 25% above the national average through increased productivity and a focus on high value sectors Jobs Increase the employment rate from 77.4% to 80%, creating 52,000 new jobs Business Birth & Survival Adding 1,400 businesses annually to the area

Enterprise M3 Funding Growing Enterprise Fund £21.7m £147m Local Growth Deal £43m EU Structural Funds £40K Business Support Review

Our interventions for growth Innovation & Enterprise Skills Housing Transport & Infrastructure

Skills – our investment World-class skills Increasing employer take-up of training Enhancing employability of prospects Through our skills activities, we aim to help:

Our Skills Investment Skills Capital Projects European Social Fund Growth Hub (Skills for Business)

EU Structural Funds £43m for Focus on enterprise, innovation, skills/employment, rural, social inclusion and low carbon Requires 50:50 match funding, use of co-financing organisations European Structural & Investment Fund (ESIF) strategy sets out broad priorities for investment Funding provided to applicants following fair and open competitions for funds. Procurement in a number of ‘calls’ throughout the programme. Governed by Managing Authority and Local Sub-Committee (European Management Group)

Enterprise M3 European Structural & Investment Funds Value of ESF funds £17.4m for programme. Activities to include: Employer led employability, basic skills and vocational pathways for the unemployed, focus on STEM and Growth/Step-up towns Social Enterprise & Inclusion – skills for start-up and projects focussed on social inclusion Employer led vocational pathways towards Higher Skills - skills development for existing workers / targeted support for employer uptake of training Targeted careers IAG for the employed and unemployed to support STEM

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