Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands

BIS Local – EM and SEM BIS decision to have place based contacts BIS Local is a network of six teams across England to: –Realise ec.opportunities –Influence policy using local knowledge –Respond to ec shocks –Support Ministers

Programme for Government - May 2010 Banking Tax Credit Flow Reduce Red Tape Boost enterprise Grow exports

Four aims of Government on Growth To create the most competitive tax system in the G20 To make the UK the best place in Europe to start, finance and grow a business To encourage investment and exports as a route to a more balanced economy; and To create a more educated workforce that is the most flexible in Europe.

What are we doing? Part 1 - Tax Competitive tax rate Corporation Tax R&D credits

Part 2: Businesses Reduce Red Tape Fairer employment rights Support small business procurement Access to Finance schemes

Part 3: Investment and Export

Part 4: Educated and Flexible Workforce

Government action – more than 1 place EOP Apprenticeships RGF & AMSCI TSB & Catapult Growth Accelerator UKTI MAS MML electrification ECML improvements LTBs Pinch Point LSTF Rural Growth Networks Flood Defences Enterprise Zones Growing Places Fund New Homes Bonus CIL Coastal Communities Fund Business rate retention City Deals What Works Centres Social Enterprise LEPs European Funding

What’s next? LEP strategies Single Pot? Industrial Strategy Business Bank Euro Funds Budget: 20 th March 2013 City Deal Wave 2

Landscape Changes Regional Development Agencies Decision to abolish of RDAs (Total budget of £1.8 bn in 2010/11) First Local Enterprise Partnerships established

What is a LEP? Voluntary partnership of public and private sector Private sector led Board Cover a functional economic area Purpose to help determine local economic priorities and lead economic growth and job creation within its local area.

What do they do? Local determination initially Strategic Growth Plan to set priorities Now some public funds – GPF RGF programmes to deliver Role in City Deals European Funding model proposes LEP allocations Influence skills and transport policy

Landscape LAs LEPs SFA / NAS GA / MAS UKTI HCA Environment Agency MMO TSB MOD DWP / JCP HA Natural England English Heritage HMRC Businesses Business Organisations Social Enterprise Banks Investors Utilities FE HE BIS DCLG TUS Civic Society Trade Associations SSCs HMT

Contacts Business Support and Innovation: European, LLEP: D2N2, Lincolnshire: Northamptonshire, SEMLEP: Rutland: