2. and what is its role? What is the LEP?

3. Local Enterprise Partnerships 39 LEPs endorsed by government A partnership between business, local authorities, HE/FE, community sector and LBUB Understand the barriers to growth in their areas Self determining…

4. Make things happen Not successor Neutral Sub region Volunteers

5. 1 x Vacancy

8. The Here & Now

9. Activity £7.3m SME Funding Escalator (£1.2m to nine high growth companies) Bankers’ Forum x 2 GPF - £4.5m into regeneration schemes – kick starting City Deal – focus on young people’s skills and support; negotiated through AMG and now detail Free SME training then meet the buyer. All to achieve a framework that offers level playing field to SMEs LHR commissioning of evidence and position statement (202 FTSE) Corporates Forum and Central Working to compete with Tech City Superfast Berkshire - £1.48m + £100k + £300k WRAtH £500k + £40k

10. EU SIF position in Berkshire TVB LEP has been awarded Eu28.7m between 2014 and 2020 One of the smaller allocations in England North East allocation Eu539.6m South East allocation Eu185.9m Investment decisions should be based on Strategic Economic Plan

11. Core Themes Minimum spending levels at National level required by Regulations More Developed Regions InnovationAt least 80% ERDF must be spent on these four themes of which at least 20% to be spent on Low Carbon SME Competitiveness Low Carbon ICT EmploymentAt least 20% to be spent on Social Inclusion Skills Social Inclusion European Structural Funds minimum spending requirements per theme

12. Core Themes2014201520162017201820192020 Innovation£401k £412k £423k£434k£568k SME Competitiveness£416k £428k £439k£451k£589k Low Carbon£308k £317k £325k£334k£437k ICT£416k £428k £439k£451k£589k Employment£616k £634k £651k£668k£873k Skills£616k £634k £651k£668k£873k Social Inclusion£308k £317k £325k£334k£437k TVB LEP forecast allocations per annum per theme N.B. With limited funding need to focus on large projects that can deliver growth AND all projects must be able to deliver MATCH funding

13. Core Themes - ProjectsPotential Match Funding sources Innovation UoR Science Park Catapult/Launchpad Reading University via Research Council or HEFCE Funding Technology Strategy Board SME Competitiveness UoR Science Park Reading University via Research Council or HEFCE Funding UKTI Trade Advisor – offer currently too expensive Growth Accelerator – part of City Deal Growth Hub Network? Low Carbon Low Energy Partnership From Strategic Infrastructure Group Climate Berkshire and energy company obligations Various ICT UoR Science Park Reading University via Research Council or HEFCE Funding Employment & Skills City Deal Skills Gateway Higher & Technical Skills Skills Funding Agency DWP – prospectus not yet received FE Colleges Social Inclusion Multi-projects to support SEP Automatic opt-in to Big Lottery Tri-partite arrangement with Big Lottery & BCF

14. Consultation with key partners/stakeholders etc. to be completed 6 th September 2013 First draft to be submitted by 7 th October 2013 Final proposals to be agreed with Government early 2014 EU Structural and Investment Funds Strategy – Timeline

17. Spending Review Local Authority Transport Majors Local Sustainable Transport Fund Integrated Transport Block FE Capital ESF Match New Homes Bonus First real opportunity for businesses to have real influence and say in use of public funds and economic policy Strategic Economic Plan

18. Strategic Economic Plan (for Growth) Already have a growth strategy Four strategic priorities All based on consultation Reviewed already

19. Strategic Economic Plan The purpose of the project is to produce a Thames Valley Berkshire (TVB) Strategic Economic Plan (2015-2021) for consultation, by 13 December 2013. This should be 'best in class' to secure the maximum Local Growth Fund allocation from central government. It should set out the distinctiveness of Thames Valley Berkshire and how the LEP can add value to the creation of sub regional economic growth through tangible outcomes that can be delivered collectively or by the constituent partners of the LEP.