Transcript Local Enterprise Partnerships

Funding
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Set up by Government in 2011
39 across the Country
Public Sector and Business Partnership, but…
Locally focused
Growth and Jobs
Like old RDA’s but without the money +
resources!
 ‘Local
Enterprise Partnerships
provide the vision, knowledge
and strategic leadership
needed to drive sustainable
private sector growth and job
creation in their area’.
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work with Government to set out key investment priorities, including
transport infrastructure;
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co-ordinate Regional Growth Fund;
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support high growth businesses;
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support on the development of national planning policy;
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lead changes in how businesses are regulated locally;
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strategic housing delivery, including pooling/aligning funding;
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help local workless people into jobs;
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co-ordinate approaches to lever private sector funding;
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explore opportunities for developing incentives on renewable energy
projects and Green Deal; and
Support delivery of other national priorities such as digital
infrastructure
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Regional Growth Fund (£2.5bn) – LEP supported
◦ Growth and Jobs Programme: £4m
◦ Rounds 1-3: £24m (10 company projects)
◦ Round 4: 6 further bids (awaiting outcome)
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Growing Places Fund (£730m)
◦ Focus on infrastructure
◦ Recyclable Fund
◦ 84% (£567m) allocated
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What are they?
◦ Gvmt. tasked LEP’s to identify key blockages to
growth
◦ LEP to draft plan to address
◦ Negotiation with Government to deliver
◦ No new money
◦ LEP has to deliver!
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First Wave City Deals in place
2nd Wave now in process
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Heseltine ‘No Stone Unturned’
Decentralisation the key to growth
£50bn - £10bn CSR
Competitive process
LEP Strategic Growth Plan
Other resources and levers
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Preliminary LEP guidance issued 15 April
EU funding (£5.3bn): European Regional
Development Funds (ERDF); European Social Fund
(ESF) and Rural Development
€161.6m (approx £140m) for 2014–20
Priorities innovation and R+D; SME support, low
carbon economy, skills, employment, social
inclusion
DCLG, DEFRA and DWP will contract projects