new anglia lep a european structural and investment fund strategy for norfolk and suffolk
TRANSCRIPT
NEW ANGLIA LEP
A European Structural and Investment Fund Strategy for Norfolk and Suffolk
Overview
• Approximately £94m of EU allocation for 2014-2020 (ERDF, ESF, EAFRD)
• Funding ‘live’ by late 2014/early 2015• Supports Strategic Economic Plan• Provides the ‘hooks’ for project activity• Firm basis of stakeholder consultation• Multi-partner approach to development and
delivery• Strategy endorsed by LEP Board 24th Jan ‘14• Submitted to Government 31st Jan ‘14
Role of the LEPs
• 39 LEPs across England
• To provide strategic leadership and co-ordination of EU funding
• To promote relevance and consistency with broader strategic economic plans
• To support Government ‘Managing Authorities’ in making investment decisions
Funding
Fund EU allocation Total spending (matched) € £ € £ERDF 47,250,000 40,455,450 94,500,000 80,910,900ESF 47,250,000 40,455,450 94,500,000 80,910,900EAFRD 16,255,751 13,015,876 32,511,502 26,031,752
Total 110,755,751 93,926,776 221,551,502 187,853,552
ERDF – SME competitiveness, Innovation, Low Carbon economy
ESF – Skills, Employability, Social inclusion
EAFRD – for complementary provision in rural areas. EAFRD is a derivative of the Common Agricultural Policy (CAP)
Investment priorities and Spending proportions
Thematic Objective (prioritised) ERDF ESF % spend £ spend
Education and Skills 50% £20,23m
SME competitiveness 40% £16,18m
Innovation 27.5% £11,13m
Social inclusion 23% £9,30m
Low carbon economy 20% £8,09m
Employment and labour mobility 19.5% £7,89m
Climate change 5% £2,02m
Community Led Local Development*
7.5% 7.5% 7.5% £6,0m
* Note: national uncertainties over the extent to which CLLD will be allowed
Investment Measures : EAFRD
Measure Proportion of spend EAFRD £Developing knowledge and skills in rural areas
25% £3,253,969
Business Development / Support for micro and small rural enterprises
25% £3,253,969
Broadband investment / small scale renewables
25% £3,253,969
Support for tourism activities in rural areas
25% £3,253,969
TOTAL 100% £13,015,876
National Opt-in Services
Decisions ‘ring-fence’ 23% of ERDF and 80% of ESF allocations for opt-ins.
Opt-In Decision Initial Period of opt-in
Amount £ (per year or total)
ERDF MAS Opt IN 3 years 200-400k pa
Growth Accelerator Opt IN 3 years 150-250k pa
UKTI Trade Opt IN 3 years 200-400k pa
Low Carbon Fund Opt IN Duration 3,000,000
ESF Skills Funding Agency Opt IN Duration 25,091,000
Big Lottery Fund Opt IN Duration 7,443,803
Social Inclusion
Three Specific Local Objectives:
1.Early engagement with young people, especially those at risk of becoming NEET, looked after children, care leavers, children with special educational needs;
2.Support family members experiencing multiple barriers move towards employment;
3.Increase number of people able to access training and progress to employment or self-employment.
Employability
Four Specific Local Objectives:
1.Supporting those most excluded from the labour market;
2.Supporting the long term unemployed into work;
3.Reducing youth unemployment;
4.Stem the flow of young people into NEET. Support for young people at risk of disengagement through re-engagement activities and prevention measures.
Social Enterprise
Eight Specific Local Objectives, including:
1.To increase the number of start-ups and early stage business survival rates;
2.To reduce the number of business closures;
3.To ensure social and community enterprise start up and growth is integral to the landscape of specialist business support;
4.To design and provide access to flexible and appropriate finance that can resource non-profit distributing models of business.
Social Innovation
Ten Specific Local Objectives, including:
1.To be an exemplar region for open innovation and absorption of existing and new technologies;
2.Increase in the proportion of businesses that are innovation active;
3.To ensure hinterland of growth locations benefits from innovation led growth;
4.Integrated innovation focus on key societal issues for Norfolk and Suffolk linking key enabling technologies and research.
Governance and Delivery
• LEPs will not have an official role in the administration of the EU funds. Government is still negotiating delivery models and “business process” with the EC, who remain concerned about risk.
• Possible mix of ‘commissioning’ and ‘open bidding’
• It is anticipated that some resource (technical assistance) will be made available locally to assist in delivery.
• Requirement for all LEP areas to pull together a broad ‘Area Partnership Sub-Committee’ to support local decision-making.
• Norfolk County Council, in partnership with NALEP and Suffolk County Council have secured some funding from the current ERDF programme to support project pipeline.
Outputs and Results
• ≈ 5,000 businesses supported• ≈ 1,000 start-up businesses supported• ≈ 2,000 new jobs created• ≈ 20,000 participants in skills and training• ≈ 10,000 young people supported
What now?
• Opportunities for public, private and VCS projects.
• Start thinking about projects
• Work collaboratively
• 3 new ‘EU Facilitators’ in post to support project development for ERDF
Contact
Alastair Rhind
EU Programmes Manager
01603 510080
EU Investment Strategy available at:
www.newanglia.co.uk