Transcript Document

Solent Business Support Briefing
th
24
February 2015
University of Southampton
Steve Futter
Senior Account Manager
Solent Local Enterprise Partnership
The Solent Local Enterprise Partnership (LEP)
• Enable infrastructure priorities
• Establish a single inward investment model
to encourage companies to open new sites in
the region
• Invest in skills to establish a sustainable
pattern of growth
• Establish the area as a business gateway by
developing strategic sectors and clusters
• Support innovation and build innovative
capacity in the Solent area by building on
substantial knowledge assets
• Support new businesses, enterprise and
ensure SME survival and growth
Bridging the Gap (BTG) Fund
• Grant funding competition for small and medium sized enterprises (SMEs)
and new start-ups in the Solent to assist with creating or safeguarding jobs
• Re-launched following successful first two phases of the fund
• Available on a Solent-wide basis
• Grant funding available: £5,000 - £75,000
• Fund total: £1.85m
Closing Date: March 2016
Solent Defence Growth Partnership SME Fund
• Funding call from the Solent LEP, DGP and University of Southampton to
bring forward and de-risk innovative technologies in the area of Maritime
Autonomous Systems
• Grant funding available to SMEs across the Solent: £25,000 - £75,000
• SMEs to get involved in the work of the new UK Centre for Maritime
Intelligent Systems
• Fund total: £1m
Closing Date: March 2016
Solent Advanced Manufacturing SME Fund
• Part of a £14m package of support to mitigate the impact of the decision to
cease shipbuilding operations at Portsmouth Naval Base
• Funding available to SMEs in the defence, aerospace or advanced
manufacturing sectors to create of safeguard jobs
• Grant funding available: £100,000 - £500,000
• Total fund: £3.7m
Closing Date: March 2016
RGF Funding Achievements So Far…
• Total funding allocated: £4,624,663
• Leverage total: £13,186,804
• Number of jobs safeguarded: 397
• Number of jobs created: 459
Top Five Most Common Mistakes...
1. Incomplete / inconsistent / hurried application
2. Not submitting supporting evidence – accounts, CVs, business plan...
3. Match funding not secured – or even identified
4. Seeking funding for existing working capital costs
5. Project and job creation aims do not align with financial projections
...and the Top Five Elements of a Good Application
1. Guidance notes for the specific fund have been read and adhered to
2. Application is complete (please!), consistent and well focused
3. All additional information is submitted on time
4. The Business Plan is well structured and tailored for the specific fund
5. Makes a strong case for investment – they are all competitive funds
Siobhan Flynn
Skills Manager
Solent LEP
Solent Employer Ownership of Skills Programme
• The Solent Employer Ownership of Skills Programme is a competitive fund of £1.5
million, with £750,000 available in the period up to July 2015.
• It is open to private sector employers of all sizes to invest in their current and future
workforce. Employers can develop proposals to create jobs, raise skills, and drive
enterprise and economic growth in the Solent, and look for co-investment from Solent
LEP to contribute to the costs.
• The programme invites ambitious bids from employers in Advanced Manufacturing,
Defence, Marine and Maritime, Aerospace and Technology sectors who are willing
to work together to deliver skills solutions in their industry and locality.
Solent Employer Ownership of Skills Programme
Employers are invited to develop proposals in two main areas:
• Proposals which will enable employers to improve the skills of their current and
future workforce.
• Industrial partnerships to take wider responsibility for skills development in a place
or sector.
For both types of bids there are three themes we are particularly interested to explore:
• Apprenticeships (particularly the development of higher level pathways);
• Encouraging and enabling SMEs to train their workforce;
• Cooperation between employers in sectors, supply chains and localities, and with
colleges and providers.
Key Parameters
• Private sector led
• Open to employers of any size to apply
• Revenue not capital
• Will only fund activity that cannot be supported by other means
• Minimum bid thresholds:
– £50,000 for collaborative bids that are SME led
– £100,000 for individual or consortia bids involving large employers
• Private sector contribution minimum of 60% of total costs
Application Process
• Single stage application process BUT it is strongly advised to submit an Expression
of Interest available at www.solentlep.org.uk
• Both EOI & Full applications should be submitted to: [email protected]
• An Investment Panel will use the information provided in the application to make a
decision.
• Final decision is taken by the Solent LEP Board
• Next deadline Friday 13th March 2015
• Round three deadline – Friday 16th January 20
Further information
Solent Employer Ownership Skills Fund
www.solentlep.org.uk/growing_places/solent_employer_ownership_of_skills
_programme
Denise Barlow
Head of Projects & Communications
Solent Growth Hub
Contents
The One Stop Shop
How It Works & What We Do
Signposting & Navigators
Support Available
How We Keep In Touch
What Our Customers Say About Us
Q&A
One Stop Shop
The
Service
Phone
Face-to-Face
Website
Events
Services Offered
Signposting
We do the hard work for you!
Identify your business needs
• Finance
• People & Skills
• Marketing & Sales
Delivered through telephone & face to face Navigators as
well as the online portal
Signposting & Navigators
Funding Opportunities
Enterprise Vouchers & Investment Grants
Solent LEP
Growth Accelerator
Manufacturing Advisory Service
Local Council Opportunities
National Growth Vouchers
BIS
Collaboration:
Local
Regional
National
Signposting & Navigators
Growing Your Business Through
Sales & Marketing – Free Events & Opportunities
Online – Superfast Broadband, Cyber Crime
Sustainability – Future Solent, Green Grants
Staff Development - Growth Accelerator, FE
Colleges, Universities & Apprenticeships
Our Funding
•
Enterprise Vouchers
Technology based businesses, advanced manufacturing sector (including the marine and
maritime sector) and the associated wider supply chain. The application process includes
a Growth Audit undertaken by the University of Portsmouth Business School
Up to £20,000 on a 1:1 match funding
•
Investment Grants
The aim of this grant is to ensure that businesses can achieve significant growth and
create new employment opportunities
Up £150,000 on a 3:1 match funding
Our Funding
Digital Capability Fund:
The Digital Capability Fund is aimed at SME businesses who are working on increasing
their online presence
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Up to £1500 of match funding available per business
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SME’s in the Solent LEP area
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Projects must have taken place between October 24th 2014 – March 6th 2015
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Can cover training, social media campaigns, lead generating software, developments
etc.
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Simple application process
Signposting
Promotion
Engagement
- We have engaged with over 50 different
businesses on the Isle of Wight ranging from
shipbuilders, community projects, produce, clothing
and much more.
- Our face to face Navigator frequently travels to the
island for meetings with local businesses.
- The sectors you work in, we work in – marine,
manufacturing, engineering, creative, transport and
more.
- Regular outbound campaigns to local businesses
informing them of the support available.
Available Support
• National Growth Voucher Programme –a
voucher of up to £2,000
• Southampton Solent University Growth
Voucher –free workshop to identify growth.
• Business Growth Service - Growth
Accelerator/MAS.
• Solent Local Enterprise Partnership
• There is also range of local support which
Navigators can help you with on a one-to-one
basis.
Collaboration – Case Study
•
Business Edge - manufacturing air conditioning unit approached in April 2014 by the Solent
Growth hub team
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Telephone triage
Face to Face visit One Stop Shop
Recommended University of Portsmouth KTP
Env iNet 12/20 hours research from the Region’s Solent Universities.
Enterprise Voucher for £20,000
£100,000 Green grant
Testimonial – Case Study
“One Stop Shop referred the client to me, brokered an appointment and I
went along to see the owner and his project. In the meantime Ray had also
suggested meeting the University of Portsmouth to discuss a possible KTP.
Once I had visited the company and seen the project I agreed with Ray that
this was a great company with an outstanding project that qualified for our
support.
I asked the Env iNet team to assist as they have access to 12/20 hours
research from the Region’s Solent Universities. The Env iNet team became
involved at an early stage and also helped to prepare the company for the
interview panels – in fact they attended both panels to provide background
data on the company. I also referred the company to UKTI as there is clear
export potential.
The result of all this collaborative work is that Business Edge were awarded a
£100,000 green grant on June 6th that will enable them to create 20 jobs
locally as well as launch a highly innovative product to world markets”
-Richard Hall, Future Solent
Deltair Airmotive Ltd
Ray Vernon
Director
Splice Marketing
Uniting Community & Commerce
Property of Crave Things Limited - 2015
Agenda
• Introduction of Craveocity
• Demonstration of Craveocity
Property of Crave Things Limited - 2015
UK Businesses
• How many businesses are there in the UK?
• 5.243 million
• 99% are small to medium size businesses
employing 0-249 people: 5,190,570
• 96% are micro (0-9) businesses – 5,033,280
Property of Crave Things Limited - 2015
286,000 retail businesses
Property of Crave Things Limited - 2015
High Street Retail Numbers – Forecast to
2018
• Total store numbers fall by 22%.
• Job losses could be around 316,000
(compare to today),
• Further 164 major or medium-sized
companies going into administration with
the loss of 22,600 stores and 140,000
employees.
• Despite Portas Pilots around 41% of town
centres will lose 27,638 stores.
Property of Crave Things Limited - 2015
Source: Retail in 2018 by
Centre for Retail Research
UK Online Numbers – Forecast to
2018
• Share of online sales will rise from 12.7%
(2012) to 21.5% (2018). Total sales around £58
billion.
• High transaction carried out online means
retailers with strong online offering need just
70 stores for national presence compared to
250 in mid 2000’s
• Larger retailers are embracing a multi-channel
strategy
Source: Retail in 2018 by Centre for Retail Research
Property of Crave Things Limited - 2015
House of Commons BIS Report on
Retail
2013/2014
• Many small businesses have not yet
embraced the technology due to their
lacking the technical skills to get their
businesses online. A major initiative to
upskill the owners and managers of
small businesses is needed if we are to
retain the diverse range of retailers we
currently have.
Property of Crave Things Limited - 2015
House of Commons BIS Report on
Retail
2013/2014
• Retailers need to upskill their
customer facing workforces to be
able to deal with customers who
are increasingly willing to shop
across a variety of channels. In
many cases the customer is ahead
of retailer ability to respond.
Property of Crave Things Limited - 2015
House of Commons BIS Report on
Retail
2013/2014
• TalkTalk Group's written evidence
stated that half a million SMEs
lacked the digital skills required to
make the most of online
opportunities and that only 14% of
SMEs sold products and services
online.
Property of Crave Things Limited - 2015
Property of Crave Things Limited - 2015
Ray Vernon
Managing Director
[email protected]
Off: 0330 111 0117
Mobile: 07766 012121
Property of Crave Things Limited - 2014
Q&A
Find out more:
Call us: 02392 834893
Email us: [email protected]
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Follow us: @solentlep