2 Part 1 – Introduction, context and background Political context Economic context The Strategic Economic Plan Part 2 – Content The outline of the Strategic Economic Plan SCR LEP Background

Political context - a head of steam - greater devolution of power and resources Localism Act 2011 Recovery from economic shock reignites decentralisation debate City Deals initiated Heseltine Review UKGOV respond to Heseltine -Local Growth Funds Public Sector Transformation Scottish Devolution Institute For Policy Research Northern Futures

Strategic Economic Plan – the process Set priorities Determine priorities at city region level Determine our prioritise for EU resources To act as a bidding document Determine the freedoms and flexibilities we want devolved Determine our Local Growth Fund allocation Road map Creating an environment for joint private / public sector investment

5 Too few private sector jobs, public 45, ,000 fewer jobs than needed 30,000 too fewer higher skilled jobs Productivity at 84% of national average - cuts across all activities/sectors A much less substantive business base than LEP peer group 6,000 fewer companies than the SCR economy should be able to support The scale of the challenge

6 The Response To increase the number of start-ups in the City Region by encouraging a culture of enterprise and collaboration Support growth amongst existing firms in the SCR by promoting skills, innovation and creativity, providing appropriate business support and access to finance Increase levels of inward investment by developing a competitive and flexible offer that meets investor needs Promoting opportunities for global trade for businesses in the City Region by identifying clear markets and ensuring that businesses are able to access these markets Revolutionise the skills system to create the workforce that businesses need to grow Secure investment in infrastructure where it will do most to support growth

7 Access to finance – a coordinated offer able to bring together public and private sector finance Marketing the Region - Export and international trade SCR Skills Bank – businesses looking to up skill their own workforce, take on an apprentice or graduate Innovation - New product or service development Infrastructure, e.g. transport and digital Start up support / support for pre-revenue businesses. Themes

8 Community Innovation framework

9. Sheffield City Region Conference – November 20 th The role for social enterprise in Public Sector Transformation Working with Young People Developing and Innovation Culture Integrating the Creative and Technology Sector Innovation Throwdown EU Funding Workshops for Social Enterprises Sheffield Barnsley Rotherham Doncaster Districts Developing a Community Innovation Fund Academy (£300m) Power to Change(£150 m-endowment) CLG- Sustainability Fund for the Third Sector ENGAGEMENT Coomunity Innovation Framework Engagement :

10 Deborah Egan Director Connect The Dots Sheffield City Region L.E.P

11