and what is its role?

What is the LEP?

Local Enterprise Partnerships• 39 LEPs endorsed by government

• A partnership between business, local authorities, HE/FE, community sector and LBUB

• Understand the barriers to growth in their areas

• Self determining…

Make things happen

Not successor

Neutral

Sub region

Volunteers

1 x Vacancy

The Here & Now

Activity• £7.3m SME Funding Escalator (£1.2m to nine high growth companies)

• Bankers’ Forum x 2

• GPF - £4.5m into regeneration schemes – kick starting

• City Deal – focus on young people’s skills and support; negotiated through AMG and now detail

• Free SME training then meet the buyer. All to achieve a framework that offers level playing field to

SMEs

• LHR commissioning of evidence and position statement (202 FTSE)

• Corporates Forum and Central Working to compete with Tech City

• Superfast Berkshire - £1.48m + £100k + £300k

• WRAtH £500k + £40k

EU SIF position in Berkshire• TVB LEP has been awarded Eu28.7m between 2014 and

2020 • One of the smaller allocations in England• North East allocation Eu539.6m• South East allocation Eu185.9m• Investment decisions should be based on Strategic

Economic Plan

Core ThemesMinimum spending levels at National level

required by Regulations

More Developed Regions

Innovation At least 80% ERDF must be spent on these four themes of which at least 20% to be spent on Low CarbonSME Competitiveness

Low CarbonICT

Employment At least 20% to be spent on Social Inclusion

Skills

Social Inclusion

European Structural Funds minimum spending requirements per theme

Core Themes 2014 2015 2016 2017 2018 2019 2020

Innovation £401k £401k £412k £412k £423k £434k £568k

SME Competitiveness £416k £416k £428k £428k £439k £451k £589k

Low Carbon £308k £308k £317k £317k £325k £334k £437k

ICT £416k £416k £428k £428k £439k £451k £589k

Employment £616k £616k £634k £634k £651k £668k £873k

Skills £616k £616k £634k £634k £651k £668k £873k

Social Inclusion £308k £308k £317k £317k £325k £334k £437k

TVB LEP forecast allocations per annum per theme

N.B. With limited funding need to focus on large projects that can deliver growth AND all projects must be able to deliver MATCH funding

Core Themes - Projects Potential Match Funding sources

Innovation UoR Science ParkCatapult/Launchpad

• Reading University via Research Council or HEFCE Funding• Technology Strategy Board

SME CompetitivenessUoR Science Park • Reading University via Research Council or HEFCE Funding

• UKTI Trade Advisor – offer currently too expensive• Growth Accelerator – part of City Deal Growth Hub Network?

Low CarbonLow Energy PartnershipFrom Strategic Infrastructure Group

• Climate Berkshire and energy company obligations• Various

ICTUoR Science Park • Reading University via Research Council or HEFCE Funding

Employment & SkillsCity Deal Skills GatewayHigher & Technical Skills

• Skills Funding Agency• DWP – prospectus not yet received• FE Colleges

Social InclusionMulti-projects to support SEP

• Automatic opt-in to Big Lottery• Tri-partite arrangement with Big Lottery & BCF

• Consultation with key partners/stakeholders etc. to be completed 6th September 2013

• First draft to be submitted by 7th October 2013

• Final proposals to be agreed with Government early 2014

EU Structural and Investment Funds Strategy – Timeline

Spending Review • Local Authority Transport Majors• Local Sustainable Transport Fund• Integrated Transport Block• FE Capital• ESF Match• New Homes Bonus• First real opportunity for businesses to have real influence and say in use

of public funds and economic policy• Strategic Economic Plan

Strategic Economic Plan (for Growth)• Already have a growth strategy

• Four strategic priorities

• All based on consultation

• Reviewed already

Strategic Economic Plan• The purpose of the project is to produce a Thames Valley

Berkshire (TVB) Strategic Economic Plan (2015-2021) for consultation, by 13 December 2013. This should be 'best in class' to secure the maximum Local Growth Fund allocation from central government.

• It should set out the distinctiveness of Thames Valley Berkshire and how the LEP can add value to the creation of sub regional economic growth through tangible outcomes that can be delivered collectively or by the constituent partners of the LEP.