LONDON ENTERPRISE PANEL

1. LONDON ENTERPRISE PANEL September 2012 Michael Heanue Principal Policy Officer

2. The London Enterprise Panel • Background: • October 2010, the Government invited the Mayor, London boroughs and business leaders to consider the case a London enterprise partnership. • February 2011: approval for one partnership covering all of Greater London • A shadow body – The LEP Advisory Panel – established to develop proposals for the Panel • January 2012 , the Mayor approved the London Enterprise Panel, including a Constitution, its remit and membership. • First meeting took place on the 22nd February.

3. The Members • Kit Malthouse, Deputy Mayor for Business & Enterprise (co-Chair) • Harvey McGrath, Former Chairman of the London Development Agency and Prudential plc (co-Chair) • Sir William Castell, Chairman Wellcome Trust • Grant Hearn, Executive Chairman, Travelodge • Nick Turner, Managing Director, Nomura • Jack Morris OBE, Chairman of Business Design Centre Group • Stephen Howard, Chief Executive, Business in the Community • Sue Terpilowski, Chairman London Policy Unit at Federation of Small Businesses • Councillor Chris Roberts, Leader, Royal Borough of Greenwich • Councillor Steve Reed, Leader, London Borough of Lambeth • Councillor Michael White, Leader, London Borough of Havering

4. The Panel’s Role • The Panel’s role is to advise the Mayor on actions to: • Provide strategic investment to support private sector growth and employment in London; • Promote enterprise and innovation; • Promote the acquisition of skills for sustained employment in London; and • Protect and enhance London’s competitiveness. • All papers and terms of reference for the Panel can be found here: • www.london.gov.uk/londonenterprisepanel

5. The Panel’s Role:Advise the Mayor on actions to provide strategic investment to support private sector growth and employment in London • London Growth Fund • Bids for other LEP funding streams announced by Government • Growing Places Fund • City Skills Funding • Business rate uplift in the Enterprise Zone/s in London • Royal Docks Enterprise Zone

6. The Panel’s Role: Advise the Mayor on actions to promote enterprise and innovation in London • Government funding and programmes to support SMEs has been nationalised and is directly managed by BIS - Solutions for Business (SfB), encompassing 13 products and services for SMEs, including • Growth Accelerator - aims to support start ups and high growth SMEs to address barriers to growth and support them to grow more rapidly. 3-year contract awarded to Grant Thornton to implement this. • Assistance in negotiating the Mayor’s European Regional Development Fund (ERDF) allocations • Advising the Mayor on all other actions to promote enterprise and innovation

7. The Panel’s Role:Advising the Mayor on actions to promote the acquisition of skills for sustained employment in London • LEP Skills and Employment Working Group • Purpose: • work to equip Londoners with the skills to enable them to compete for London’s jobs and to increase the number of Londoners in employment • First meeting of the group took place on the 2nd May 2012 • All agendas, minutes and public papers relating to the group can be found here: • www.london.gov.uk/londonenterprisepanel

8. Protect and enhance competitiveness Source: Office for National Statistics

9. London Enterprise Panel: Working Groups • The proposed themes for working groups • Skills & Employment • SMEs • Science and technology • Infrastructure

10. Skills & Employment Working Group • Chair: Grant Hearn, • Vice-Chair: Jack Morris, Chairman of Business Design Centre Group • Members: • Emma Stuart - Women Like us on behalf of LVSC • Ian Ashman – Chair, London Association of Colleges • Ian Mulheirn - Social Market Foundation • Nigel Carrington – Rector, University of the Arts • Cllr Steve Reed - London Councils • Roy O'Shaughnessy – Chief Executive, CDG & Work Programme • Sue Terpilowski, Chairman London Policy Unit at Federation of Small Businesses • John-Paul Marks – Department of Work & Pensions/Job Centre Plus • Paul Whitmore,- Commercial Director Morgan Sindall Group Plc

11. Skills & Employment priorities indentified so far Increasing levels of employer engagement Enhancing user pathway and support Leveraging the data to develop the London Skills & Employment Observatory Providing the right skills for the right jobs

12. Supporting the Skills & Employment priorities: Key Outputs for 2012 • Publication of a Skills & Employment Plan for London by March 2013; • In developing this, research is taking place in the following areas • Labour Market Forecasting • Review of the current skills and employment system for those in and out of work; • Assessing capacity of the system to respond to future skills and employment needs; • A review of the London Skills & Employment Observatory with the aim of redeveloping it to make it user-friendly for schools, colleges, employers and individuals; • Part-time working

13. Next Steps • October/November: • Launch of business support products with BIS • New LEP sub-groups agreed • Decision on funding for Super Connected Cities - £25 m for London • November/ December: • Series of sub-regional LEP stakeholder engagement events • Skills and employment/LMF research completed and timetable for next steps agreed • January/February: • Consultation on the LEP’s jobs and growth strategy for London begins • April 2012: • Publication of the LEP’s overall strategy for delivery over the following three years

14. Questions?