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

alastair.rhind@newanglia.co.uk

01603 510080

EU Investment Strategy available at:

www.newanglia.co.uk