Transcript BespokebulletsMJ

City Deals
7th June 2013
Laura McGillivray & Jerry Massey
Norwich City Council
“City Deals are already
playing an important
role in empowering our
cities and towns to
innovate to drive local,
private sector, growth.
Now, through the second wave, we want to give
even more local areas the tools and levers they
need to grow local businesses.”
Nick Clegg
February 2013
Unleashing potential by
“creating a SINGLE
LOCAL GROWTH
FUND allocated through
a process of
negotiation” to LEPs
George Osborne
& Vince Cable
March 2013
Greater Birmingham
Bristol City Region
Leeds City Region
Liverpool City Region
Greater Manchester
Newcastle City Region
Nottingham City Region
Sheffield City Region
The Black Country
Bournemouth
Brighton and Hove
Greater Cambridge
Coventry and Warwickshire
Hull and Humber
Ipswich
Leicester and Leicestershire
Milton Keynes
Greater Norwich
Oxford and Central Oxfordshire
Reading
Plymouth
Preston and Lancashire
Southampton and Portsmouth
Southend
Stoke and Staffordshire
Sunderland and the North East
1st
wave
2nd wave
Swindon and Wiltshire
Tees Valley
Boundaries of
Local
Enterprise
Partnerships
Outside
London
The smallest
Cumbria,
500,000
The biggest
South East
4m
Greater Norwich City Deal Area
Our big idea
We will make Greater
Norwich a dynamic
international centre for
business enterprise in life
sciences to meet the
global challenges of
healthy ageing, food and
energy security,
sustainability and
environmental change
Skills
Welfare &
Jobs
Homes
Local
Infrastructure
Enterprise &
Business
Support
Innovation
Our Deal - Infrastructure
• A financial package that enables
£250m of investment in a five year
period funded by existing and new
government money, borrowing at a
reduced cost, debt repayment
guarantees and pooled local funding
• A housing finance package to kick start
the local housing market
Our Deal - Skills
• Create higher value jobs
• Locally led skills system with core role for
employers. Includes payment by results,
focus on outcomes and meeting market
requirements.
• Incentives package to encourage employers
to invest in training
• Youth employment guarantee based on
integrated employment programmes,
traineeships and apprenticeships.
Our Deal – Enterprise and
Innovation
• Package of measures to stimulate the
growth of knowledge businesses including
localised business support, access to angel
co-investment funds, super fast broadband
voucher scheme and technology investment
support
• Innovative use of green deal to return vacant
office space (c750,000sqft) to high quality
flexible and cost effective accommodation.
Our journey so far…..
• Political commitment, trust and common
understanding across local
authorities/between tiers and with the LEP
• Significant senior officer time commitment
• Engagement with Cabinet Office, DCLG and
BIS
• Engaging and reassuring key stakeholders
• Keep focused on the ‘end prize’
• Meeting and greeting decision makers
Next steps – agreeing the Deal
• Another form to be submitted
• Business case for asks and offers
• Direct link to delivery of LEP Economic
Strategy
• Challenge by Ministerial Panel
• Up and running by April 2014
• Twin track with local growth fund 2015/16
What does it mean for Local
Governance?
• Must be committed to Growth Agenda
• Must adopt collaborative approach
• Where is the focus – local, County,
LEP, National etc?
• Growing significance of LEPs and the
challenge of democratic accountability
Questions?