government’s perspective on growth rowena limb area director, bis east & south east midlands
TRANSCRIPT
![Page 1: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/1.jpg)
Government’s Perspective on Growth
Rowena LimbArea Director, BIS East & South East Midlands
![Page 2: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/2.jpg)
BIS Local – EM and SEM• BIS decision to have place
based contacts • BIS Local is a network of
six teams across England to: – Realise ec.opportunities – Influence policy using
local knowledge– Respond to ec shocks – Support Ministers
![Page 3: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/3.jpg)
Programme for Government - May 2010
Banking
Tax
Credit Flow
Reduce Red Tape
Boost enterprise
Grow exports
![Page 4: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/4.jpg)
Four aims of Government on Growth
• To create the most competitive tax system in the G20
• To make the UK the best place in Europe to start, finance and grow a business
• To encourage investment and exports as a route to a more balanced economy; and
• To create a more educated workforce that is the most flexible in Europe.
![Page 5: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/5.jpg)
What are we doing? Part 1 - Tax
Competitive tax rate
• Corporation Tax• R&D credits
![Page 6: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/6.jpg)
Part 2: Businesses
• Reduce Red Tape• Fairer employment rights• Support small business procurement• Access to Finance schemes
![Page 7: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/7.jpg)
Part 3: Investment and Export
![Page 8: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/8.jpg)
Part 4: Educated and Flexible Workforce
![Page 9: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/9.jpg)
Government action – more than 1 place
EOPApprenticeshipsRGF & AMSCITSB & CatapultGrowth AcceleratorUKTIMAS
MML electrificationECML improvementsLTBsPinch PointLSTF
Rural Growth NetworksFlood Defences
Enterprise Zones Growing Places FundNew Homes Bonus CILCoastal Communities FundBusiness rate retention
City DealsWhat Works CentresSocial EnterpriseLEPs
European Funding
![Page 10: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/10.jpg)
What’s next?
LEP strategies
Single Pot?
Industrial StrategyBusiness BankEuro Funds 2014+
Budget: 20th March 2013
City Deal Wave 2
![Page 11: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/11.jpg)
Landscape Changes
• 1997 - Regional Development Agencies
• 2010 - Decision to abolish of RDAs• (Total budget of £1.8 bn in 2010/11)
• 2010 - First Local Enterprise Partnerships established
![Page 12: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/12.jpg)
What is a LEP?
• Voluntary partnership of public and private sector
• Private sector led Board
• Cover a functional economic area
• Purpose to help determine local economic priorities and lead economic growth and job creation within its local area.
![Page 13: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/13.jpg)
What do they do?
• Local determination initially• Strategic Growth Plan to set priorities• Now some public funds – GPF• RGF programmes to deliver• Role in City Deals• European Funding model proposes LEP
allocations• Influence skills and transport policy
![Page 14: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/14.jpg)
LandscapeLAs LEPs
SFA / NAS
GA / MAS
UKTI
HCA
Environment Agency
MMO
TSB
MODDWP / JCP
HA
Natural England
English Heritage
HMRC
Businesses
Business Organisations
Social Enterprise Banks
Investors
Utilities
FE
HE
BIS
DCLG
TUS
Civic Society
Trade Associations
SSCs
HMT
![Page 15: Government’s Perspective on Growth Rowena Limb Area Director, BIS East & South East Midlands](https://reader030.vdocument.in/reader030/viewer/2022032723/56649d045503460f949d819e/html5/thumbnails/15.jpg)
Contacts
Business Support and Innovation: [email protected], LLEP: [email protected] D2N2, Lincolnshire: [email protected]
Northamptonshire, SEMLEP: [email protected] Rutland: [email protected]