nep libraries event feb 2014
DESCRIPTION
TRANSCRIPT
Northamptonshire Enterprise Partnership
Fiona Ӧzdemir, Project Manager
LEP context
• 39 LEPs in England
• Existed since 2011
• Voluntary, private sector led partnerships with remit to determine local economic priorities, drive local growth and job creation.
• All very different in composition
LEP context - NEP • Working with business for business
– Private sector led, local government funded
• A Local Enterprise Partnership – a LEP – Working with government and representing
Northamptonshire to government
• Acting to encourage support and stimulate the economy – Skills – Infrastructure – Business Support – Company and other investment
LEP context
“Our vision for local growth – unleashing the ambition and creativity of local leaders, by devolving resource and responsibility to those places which can demonstrate credible and compelling economic leadership, in pursuit of growth.”
Michael Heseltine October 2012
LEP context
SUPPORTING BUSINESS TO REALISE OUR GROWTH AMBITION
Part 1: Established businesses
Why support SMEs?
• 96% of Northamptonshire businesses are SMEs
• ¾ of them employ less than 5 people
• Growth potential
• Need support and encouragement
Supporting existing business
• Relocation to Northamptonshire
• Key sector support
• Business parks
• Funding
• Recruitment support
INV-ENT case study
What
• Stimulate innovation & growth
• Enable job creation
How
• Business rate “rebate”
• Grants of up to £20,000
• 2 funding rounds per year
Spraylat International Ltd, Corby
• Developing a new, green product for aerospace industry
• “INV-ENT funding will
enable us to invest in new equipment to manufacture the product and to launch in the UK, Europe and internationally.”
Job brokerage case study What
• Address recruitment needs of growing companies
• Tackle youth unemployment
How
• Single point of contact
• Tailored recruitment solutions
• Discuss funding available
• Make contact with training providers
• Advertise job vacancies
• Matching and screening
Sean & Andrew Knights of Old
Promoting Northamptonshire
• Innovative campaign championing Northamptonshire as a location for business investment
• Collaboration between public and private sector;
• Positions Northamptonshire as a cost-effective, conveniently located County just one hour from London
Love Northamptonshire
SUPPORTING BUSINESS TO REALISE OUR GROWTH AMBITION
Part 1: New businesses
What support do people need when
starting a business?
• Funding
• Legal guidance
• Managing money
• Marketing
• Someone to talk to!!!
Working with NLIS
• Identify common goals
• Pool resources
• Training
• Start small
• Learn and grow
Enterprise Hub customer journey
Information resources
Is it for me?
Business planning
Tax & record keeping
Networking
Effective Websites
Social Media
Start-Up Grant
Skills exchange
Feedback so far … • “A good service and it was free!”
• “Fantastic insight; now know how to get started, has eliminated some fears. Thank you!”
• Friendly and informative
• Excellent facility for people to start a new business
• I found this really useful, informative and motivational
• Many thanks for a great session! (and the biscuits!)
