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Bournemouth Strategic Leadership Forum

Bournemouth Strategic Leadership Forum. Lorna Gibbons Dorset LEP Director 23 May 2014. Talented. Business sectors. Dorset LEP Board. Business organisations and networks. Strategic economic development. Competitive. Connected. Responsive. Dorset Challenges and Opportunities.

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Bournemouth Strategic Leadership Forum

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  1. Bournemouth Strategic Leadership Forum Lorna Gibbons Dorset LEP Director 23 May 2014

  2. Talented Business sectors Dorset LEP Board Business organisations and networks Strategic economic development Competitive Connected Responsive

  3. Dorset Challenges and Opportunities • Challenges • Connectivity • Low productivity • Low wage economy • Skills gaps • Public sector dependence • Two speed economy • Business support • Opportunities • Environmental assets • Diversity • Strong sectors • HE / FE • Redevelopment sites • Additional funding • Renewable energy

  4. Government agenda…? • 89 recommendations: only 5 rejected • Increased devolution to LEPs • Strategic economic plan • Competitive and formula funding • Local authorities as accountable bodies

  5. Heseltine timescale All Funding Available, Integrated delivery and long term planning 2015

  6. European Structural & Investment Funding Strategy (ESIF)£40.33m (47.1m Euros) • INVESTMENT PRIORITIES: • Driving Business Growth & Innovation (£15.6m) • TO1 – Strengthening Research, Technological Development & Innovation • TO3 – Enhancing the competitiveness of Small & Medium Enterprises • Reducing the Carbon Footprint (£6.53m) • TO4 – Supporting the shift towards a low carbon economy • Supporting & Improving the labour market & workforce (£18.2m) • TO8 – Promoting employment & supporting labour mobility • TO9 – Promoting Social inclusion & combating poverty • TO10 – Investing in Education, Skills and Lifelong Learning

  7. European Structural & Investment Funding Strategy (ESIF) • HOW: • 68% through Opt-in organisations • DWP, SFA, Big Lottery, UKTI, MAS, • Remainder by direct application in response to prospectuses • Requires 50% match funding. • Establishing a Local Area Partnership (LAP) • To agree and oversee the delivery of the fund in Dorset • WHEN: • 31 May 2014 - Final revised Strategy submitted to Government • July-Oct 2014 - Further guidance due • From 2015 - Start spending • December 2020 - Funding ends

  8. Be inspired, be part of it! www.dorsetlep.co.uk lgibbons@bournemouth.ac.uk

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