The Leeds City Region Local The Leeds City Region Local Enterprise Partnership Enterprise Partnership

Business BreakfastBusiness BreakfastShay Stadium, HalifaxShay Stadium, Halifax

21 January 201121 January 2011www.leedscityregion.gov.uk

Local Enterprise Partnerships

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The Leeds City Region: Economic Engine of the North

95% self-contained

3m population

100,000+ businesses

£51 billion economy

5% of UK GVA

The functional economic area in which businesses operate, and people live their day-to-day lives

Leeds City Region Local Enterprise Partnership

The Local Enterprise Partnership will support job creation and business growth across the city region, ensuring that the city region becomes the world-leading, globally competitive natural investment alternative to London.

The Shadow LEP Board

• 1 private sector chair (Neil McLean)

• 7 private sector members (TBC)

• 7 local authority members (TBC)

Achieving the visionWhat will it do?

• Ensure the tools in place to support businesses to grow – Innovation, Enterprise & Economy

– Jobs and skills

• Create the environment for growth– Housing & regeneration– Transport– Low carbon economy

• Integrated investment planning

How?• Devolved funding

• Collaborative working

LCR Local Enterprise PartnershipKey Proposals

• Greater devolution of Transport powers & funding• Control over mainstream funding in housing• Financial borrowing capability – Asset Mngt, ADZs, LCR

‘Bank’• City region-wide investment / spatial planning• An integrated business support, innovation inward

investment, skills prioritisation—including Regional Growth Hub model

The bigger pictureThe bigger pictureLCR Integrated Strategy

The WHAT and WHEREThe vision, priorities, objectivesbuilding on existing strategies/refreshed vision

LCR Local Enterprise Partnership

The HOWGovernance for delivery

Coordination of Investmentincluding Regional Growth Fund, JESSICA, ADZ, ERDF, and

devolved funding streams

The MONEYThe funding for delivery

Regional Growth Fund• £1.4bn over three years

• A challenge fund about– Rebalancing the economy– Creating private sector jobs

• Projects need to be private sector led or a private public partnership

• Round 1: closing date 21 Jan; Round 2: to be confirmed

• LCR Partnership/LEP working with partners to develop bids for Rd 1; programmes for Rd 2

Structure of Calderdale’s Economy

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Manufacturing

Construction

Retail

Hotels & restaurants

Transport&comms

Finance

BusinessServices

Public admin

Education

Health & social work

Other community services

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1.50

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2.50

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Average Annual Growth Rate

Economy and Enterprise Strategy

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Moving forwardSeptember 2010 LEP bid to Government

October 2010 Approval of the new LEP

January 2011 LEP Chair appointed

LEP Board appointed

Next steps Business plan developed

Negotiation with Whitehall/partners

Get involved

• Sign up for our business e-bulletin

• Web: www.leedscityregion.gov.uk

• Email: lcr@leedscityregion.gov.uk

• Join the debate at Linked In: Leeds City Region; Leeds City Region Innovation Capital

• Get involved in a working group/event