NEW ANGLIA Local Enterprise Partnership

10 th December 2013

New Anglia

• Norfolk and Suffolk with ‘shared territory’ with GCGP • Population approx. 1.5 million • 60,000 businesses – mostly SMEs • £26 billion GVA • Established in May 2011 as a company limited by guarantee • 14 Board members – 7 business, 6 local authority, 1 HE/FE • 11.5 members of staff (we’re not EEDA!)

Aims and Objectives

• Bring private and public sector together • Break down barriers to growth and job creation • Signpost businesses towards local and national support • Strategic Leadership for collective action on growth • Small scale direct delivery • Not a grant giving body • Role and remit is growing all of the time

So far……………………..

• East of England Energy (Enterprise) Zone – Great Yarmouth/Lowestoft – 13,000 jobs over 25 years • Finance for Business – £13 million to support business growth – Grants between £5,000 and £500,000 up to 20% of costs • Growing Places Funding – £18m of loans into 8 projects (revolving Fund)

And………………………

• Focus on the Green Economy – National pathfinder • Business Information Portal • Skills Manifesto • Lobbying for transport improvements • Two City Deals with Growth Hubs • Assisted Area Status

At the moment…………..

• Period of strategising!

• Towards a Growth Plan • Strategic Economic Plan • EU Investment Strategy - £81m over 7 years – Support for social enterprise – Support for VCS

Opportunities • Third Sector / VCS Engagement Plan • Funding to understand the sector • EU ‘Structural and Investment Funding’ • Blank canvas • Community Led Local Development (CLLD) – £6m for ‘bottom-up growth’ • Collaboration potential between LEPs

How to engage with us

• Help us to help you • Understand our priorities, role (and limitations) • Understand that all LEPs are different • Talk our language • Have a collective voice • Respond to consultation (SEP in January) • Think scale and collaborate