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and what is its role?

What is the LEP?. and what is its role? . 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

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and what is its role?

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  1. What is the LEP? and what is its role?

  2. 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…

  3. Make things happen Not successor Neutral Sub region Volunteers

  4. 1 x Vacancy

  5. The Here & Now

  6. 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

  7. 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

  8. European Structural Funds minimum spending requirements per theme

  9. 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

  10. EU Structural and Investment Funds Strategy – Timeline 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

  11. 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

  12. Strategic Economic Plan (for Growth) Already have a growth strategy Four strategic priorities All based on consultation Reviewed already

  13. 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. 

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