Transcript NEW ANGLIA Strategic Growth Plan

NEW ANGLIA LEP
A European Structural and Investment
Fund Strategy for Norfolk and Suffolk
Overview
• Approximately £94m of EU allocation for
2014-2020 (ERDF, ESF, EAFRD)
• Funding ‘live’ by late 2014/early 2015
• Supports Strategic Economic Plan
• Provides the ‘hooks’ for project activity
• Firm basis of stakeholder consultation
• Multi-partner approach to development and
delivery
• Strategy endorsed by LEP Board 24th Jan ‘14
• Submitted to Government 31st Jan ‘14
Role of the LEPs
• 39 LEPs across England
• To provide strategic leadership and coordination of EU funding
• To promote relevance and consistency
with broader strategic economic plans
• To support Government ‘Managing
Authorities’ in making investment
decisions
Funding
Fund
ERDF
ESF
EAFRD
EU allocation
€
47,250,000
47,250,000
16,255,751
Total 110,755,751
£
40,455,450
40,455,450
13,015,876
93,926,776
Total spending (matched)
€
£
94,500,000
80,910,900
94,500,000
80,910,900
32,511,502
26,031,752
221,551,502
187,853,552
ERDF – SME competitiveness, Innovation, Low Carbon economy
ESF – Skills, Employability, Social inclusion
EAFRD – for complementary provision in rural areas.
EAFRD is a derivative of the Common Agricultural Policy (CAP)
Investment priorities and Spending proportions
Thematic Objective (prioritised)
ERDF
ESF

Education and Skills
% spend
£ spend
50%
£20,23m
SME competitiveness

40%
£16,18m
Innovation

27.5%
£11,13m
23%
£9,30m
20%
£8,09m
19.5%
£7,89m
5%
£2,02m

Social inclusion
Low carbon economy


Employment and labour mobility
Climate change
Community Led Local
Development*

 7.5%
 7.5%
7.5%
* Note: national uncertainties over the extent to which CLLD will be allowed
£6,0m
Investment Measures : EAFRD
Measure
Developing knowledge and skills in
rural areas
Business Development / Support for
micro and small rural enterprises
Broadband investment / small scale
renewables
Support for tourism activities in rural
areas
TOTAL
Proportion of spend
EAFRD £
25%
£3,253,969
25%
£3,253,969
25%
£3,253,969
25%
£3,253,969
100%
£13,015,876
National Opt-in Services
ERDF
ESF
Opt-In
Decision
Initial Period Amount £
of opt-in
(per year or
total)
MAS
Opt IN
3 years
200-400k pa
Growth Accelerator
Opt IN
3 years
150-250k pa
UKTI Trade
Opt IN
3 years
200-400k pa
Low Carbon Fund
Opt IN
Duration
3,000,000
Skills Funding Agency Opt IN
Duration
25,091,000
Big Lottery Fund
Duration
7,443,803
Opt IN
Decisions ‘ring-fence’ 23% of ERDF and 80% of ESF allocations for opt-ins.
Social Inclusion
Three Specific Local Objectives:
1.Early engagement with young people, especially those at
risk of becoming NEET, looked after children, care leavers,
children with special educational needs;
2.Support family members experiencing multiple barriers
move towards employment;
3.Increase number of people able to access training and
progress to employment or self-employment.
Employability
Four Specific Local Objectives:
1. Supporting those most excluded from the labour
market;
2. Supporting the long term unemployed into work;
3. Reducing youth unemployment;
4. Stem the flow of young people into NEET. Support for
young people at risk of disengagement through reengagement activities and prevention measures.
Social Enterprise
Eight Specific Local Objectives, including:
1.To increase the number of start-ups and early stage business survival
rates;
2.To reduce the number of business closures;
3.To ensure social and community enterprise start up and growth is
integral to the landscape of specialist business support;
4.To design and provide access to flexible and appropriate finance that
can resource non-profit distributing models of business.
Social Innovation
Ten Specific Local Objectives, including:
1.To be an exemplar region for open innovation and absorption of
existing and new technologies;
2.Increase in the proportion of businesses that are innovation active;
3.To ensure hinterland of growth locations benefits from innovation led
growth;
4.Integrated innovation focus on key societal issues for Norfolk and
Suffolk linking key enabling technologies and research.
Governance and Delivery
• LEPs will not have an official role in the administration of the
EU funds. Government is still negotiating delivery models and
“business process” with the EC, who remain concerned about
risk.
• Possible mix of ‘commissioning’ and ‘open bidding’
• It is anticipated that some resource (technical assistance) will
be made available locally to assist in delivery.
• Requirement for all LEP areas to pull together a broad ‘Area
Partnership Sub-Committee’ to support local decision-making.
• Norfolk County Council, in partnership with NALEP and Suffolk
County Council have secured some funding from the current
ERDF programme to support project pipeline.
Outputs and Results
•
•
•
•
•
≈ 5,000 businesses supported
≈ 1,000 start-up businesses supported
≈ 2,000 new jobs created
≈ 20,000 participants in skills and training
≈ 10,000 young people supported
What now?
• Opportunities for public, private and VCS
projects.
• Start thinking about projects
• Work collaboratively
• 3 new ‘EU Facilitators’ in post to support
project development for ERDF
Contact
Alastair Rhind
EU Programmes Manager
[email protected]
01603 510080
EU Investment Strategy available at:
www.newanglia.co.uk