Transcript Slide 1

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
Overview
European Structural
and Investment Fund
Strategy
City Deal proposals
Strategic Economic
Plan for the Humber
Lifting the Lid
(the Humber LEP’s
Skills Commission)
Plan for the Humber
(the LEP’s five year
growth priorities)
Growth Deal with
Government
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
Growth
Implementation
Delivery
Vision for the area
Value for money case
Programme management
Strategic objectives
Area wide funding
Monitoring
Opportunities for growth
Sustainable development
Timelines and milestones
Barriers to growth
Governance
Evidence base
Deliverability and risk
Public reporting and
accountability
Timeline
October 2013
Progress update to Government
December 2013
First draft of the SEP submitted
January 2014
Feedback from Government
March 2014
Final version of the SEP submitted
July 2014
Growth Deal negotiations completed
April 2015
Growth Deals implemented
Key tasks in developing the SEP
Task
Timing
Vision and high level priorities
Oct-Nov 2013
Collate programmes and projects for potential
inclusion in the final SEP
Nov 2013
Consultation programme
Nov 2013
Employer events
Nov 2013
Drafting
Dec 2013
Full appraisal and prioritisation
Jan-Feb 2014
Edits and final submission
March 2014
Questions and comment