Presentation on theme: "Funding. Set up by Government in 2011 39 across the Country Public Sector and Business Partnership, but… Locally focused Growth and Jobs Like."— Presentation transcript:
Set up by Government in 2011 39 across the Country Public Sector and Business Partnership, but… Locally focused Growth and Jobs Like old RDA’s but without the money + resources!
‘Local Enterprise Partnerships provide the vision, knowledge and strategic leadership needed to drive sustainable private sector growth and job creation in their area’.
work with Government to set out key investment priorities, including transport infrastructure; co-ordinate Regional Growth Fund; support high growth businesses; support on the development of national planning policy; lead changes in how businesses are regulated locally; strategic housing delivery, including pooling/aligning funding; help local workless people into jobs; co-ordinate approaches to lever private sector funding; explore opportunities for developing incentives on renewable energy projects and Green Deal; and Support delivery of other national priorities such as digital infrastructure
Regional Growth Fund (£2.5bn) – LEP supported ◦ Growth and Jobs Programme: £4m ◦ Rounds 1-3: £24m (10 company projects) ◦ Round 4: 6 further bids (awaiting outcome) Growing Places Fund (£730m) ◦ Focus on infrastructure ◦ Recyclable Fund ◦ 84% (£567m) allocated
What are they? ◦ Gvmt. tasked LEP’s to identify key blockages to growth ◦ LEP to draft plan to address ◦ Negotiation with Government to deliver ◦ No new money ◦ LEP has to deliver! First Wave City Deals in place 2 nd Wave now in process
Heseltine ‘No Stone Unturned’ Decentralisation the key to growth £50bn - £10bn CSR Competitive process LEP Strategic Growth Plan Other resources and levers
Preliminary LEP guidance issued 15 April EU funding (£5.3bn): European Regional Development Funds (ERDF); European Social Fund (ESF) and Rural Development €161.6m (approx £140m) for 2014–20 Priorities innovation and R+D; SME support, low carbon economy, skills, employment, social inclusion DCLG, DEFRA and DWP will contract projects