A Strategic Economic Plan for the Humber. Overview An overarching economic strategy for the Humber Forms the basis of a Growth Deal with Government Contains.

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Presentation transcript:

A Strategic Economic Plan for the Humber

Overview An overarching economic strategy for the Humber Forms the basis of a Growth Deal with Government Contains key local programmes and projects LEPs with strong SEPs will: -Earn local accountability -Be able to negotiate wider powers and influence -Earn a greater share of the Local Growth Fund No set format, in line with the principles of localism

European Structural and Investment Fund Strategy City Deal proposals Lifting the Lid (the Humber LEP’s Skills Commission) Plan for the Humber (the LEP’s five year growth priorities) Strategic Economic Plan for the Humber Growth Deal with Government Overview

Local Growth Fund £2bn for 2015/16, with a minimum of £2bn p.a. for each of the following five years Funding for 2015/16 must be spent in year (no carry over) Drawn from transport, skills and housing sources Plus £100m of RGF

Local Growth Fund “In deciding the distribution of Local Growth Funds, the basis for the Government’s assessment will be the area’s whole strategy for local growth and its use of all resources and levers – not just the area’s call on Local Growth Fund resources.”

Expected contents GrowthImplementationDelivery Vision for the area Strategic objectives Opportunities for growth Barriers to growth Evidence base Value for money case Area wide funding Sustainable development Governance Deliverability and risk Public reporting and accountability Programme management Monitoring Timelines and milestones

Timeline Progress update to Government October 2013 First draft of the SEP submitted December 2013 Feedback from Government January 2014 Final version of the SEP submitted March 2014 Growth Deal negotiations completed July 2014 Growth Deals implemented April 2015

Key tasks in developing the SEP TaskTiming Vision and high level prioritiesOct-Nov 2013 Collate programmes and projects for potential inclusion in the final SEP Nov 2013 Consultation programmeNov 2013 Employer eventsNov 2013 DraftingDec 2013 Full appraisal and prioritisationJan-Feb 2014 Edits and final submissionMarch 2014

Questions and comment