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GREATER BIRMINGHAM & SOLIHULL LEP The Local Enterprise Partnership Agenda Supporting Growth. Paul Heaven Lead LEP Board Member – Access to Finance/ Business Support. The LEP . Business-led Board (9 business and 8 public sector) Inaugural Board meeting on 8 th June

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Greater birmingham solihull lep the local enterprise partnership agenda supporting growth

GREATER BIRMINGHAM & SOLIHULL LEPThe Local Enterprise Partnership AgendaSupporting Growth

Paul Heaven

Lead LEP Board Member – Access to Finance/ Business Support


The lep
The LEP

  • Business-led Board (9 business and 8 public sector)

  • Inaugural Board meeting on 8th June

  • Setting the strategy to drive economic growth

  • An ‘enabler’

  • Key aims:

    • Increase GVA by 30% (£8.25bn) by 2020

    • Create 100,000 private sector jobs by 2020

    • Boost indigenous and inward investment

    • Achieve global leadership in key sectors

    • Build a world class workforce


Board composition
Board composition

Andy Street

Chairman

MD, John Lewis

Steve Hollis

Deputy Chairman

West Mids Chair, KPMG

Business members

Local Authority/Public Sector representatives

Cllr Mike Whitby

Birmingham CC

Rob Brown

Group Managing Director

Roger Bullivant Ltd

Cllr Ken Meeson

Solihull MBC

Nick Bunker

President

Kraft Foods & Cadbury

Cllr Daniel Cook

Tamworth BC

Brian Francis

European Group Gestamp Tallent Auto

Cllr Michael Wilcox

Lichfield LDC

Paul Heaven

Owner/Manager

Blue Sky Corp Finance

Cllr Roger Hollingworth

Bromsgrove DC

David Kaye

Formerly National Express

Cllr Richard Grosvenor

East Staffs BC

Wade Lyn

Managing Director

Island Delights

Cllr George Adamson

Cannock Chase DC

Alan Volkaerts

Operations Director

Jaguar Land Rover

Prof David Eastwood

University of Bham


Some 2011 milestones
Some 2011 Milestones:-

  • Apr – Andy Street – 1st Chair

  • May – Full Board Announced

  • June – 1st Full Board Meeting

  • July – LEP Support for HS2

  • July – City Centre EZ Bid gets Green Light

  • Sept – LBRO Workshops

  • Oct – Creative City Launch

  • Nov – £50m Growing Places Fund

  • Nov – £25m Advanced Engineering £25m RGF2 Fund


Opportunities
Opportunities

  • Birmingham’s significant assets and drivers

  • Enhanced by offer from Solihull, South Staffs and N Worcs

  • Opportunity to do things differently

  • Limited funding means that we can not ‘follow the money’

  • Mandate from Government to ‘proceed until apprehended’

  • Partnership between the private and public sectors


Emerging strategy
Emerging Strategy

  • LEP to be a world-class city region

  • Built around strategic economic assets and opportunities

  • Need to be bold and game changing

  • Long-term agenda with short and medium term objectives

  • Focus on a small number of key priorities

  • Play to strengths of private and public sectors

  • Framework based on: Business; People; Place


Strategy for growth
Strategy for Growth

Making it happen…


Business
Business

Support all business but playing to sectoral strengths:

Advanced manufacturing, especially automotive

Life Sciences

Creative and Digital industries

Addressing fragmented business support

Improving access to business support

Improving access to finance and reducing regulation

The branding of the city region for inward investment

Reducing regulation - national pathfinder with LBRO

Promoting role of social enterprise


Business support agenda general role
Business Support AgendaGeneral role

  • Interface with Business Community

  • Advise the LEP Board

  • Influence Government Policy

  • Link with National Programmes

  • Establish Priorities

  • Seek Funding for Local Projects/Programmes


Business support agenda business support
Business Support AgendaBusiness Support

  • Closure of Business Link

  • Signposting Private Sector Support

  • Co-ordination/Linking Local Support

  • ERDF Funding Bid

  • Manufacturing Advisory Service

  • High Growth Coaching Programme

  • Universities/Science Park Coaching Mentoring

  • Influence/Set Priorities/Make Best Use


Business support agenda access to finance
Business Support AgendaAccess to Finance

  • Equity Gap Challenge

  • SME Access to Finance

  • Working with Banks

  • Working with Business Growth Fund

  • Close engagement with RDA Legacy Funds

  • Close engagement with Capital for Enterprise

  • Better Knowledge of National Sources of Finance

  • RGF2 Bids (Advanced Engineering Supply Chain)

  • Long Term Ambitions to Secure own SME A2F Funds


People
People

  • Business–led LEP Employment and Skills Board to set strategic agenda

  • Work with providers to shape delivery

  • Six agreed priorities:

    • Employer / demand led approach to skills offer - courses, qualifications and curriculum

    • Engage with schools & young people early

    • Provide right careers advice

    • Core employability skills

    • Focus on higher level skills and apprenticeships

    • A shared understanding of skills needs


Place
Place

  • Creation of an ambitious spatial framework

    • High profile, iconic developments

  • Connectivity

    • Full support for High Speed 2

    • Highway investment e.g. A45 Improvements (successful RGF 1 bid)

    • Supporting the airport extension

    • Leading edge digital connectivity

  • Creating a ‘business-friendly’ planning service


Enterprise zone outcomes by 2025
Enterprise Zone Outcomes by 2025

  • Over 700,000 sq metres of new floorspace

  • Focus on professional and financial services, digital media, ICT and creative industries

  • Up to 40,000 jobs

  • £2.8 billion to the economy in GVA once the above growth is delivered

  • Business rate uplift of up to £70 million p.a.

  • Available for investment across the LEP


Delivering the strategy
Delivering the Strategy

  • Strategy will only be as good as the delivery mechanisms supporting it

  • Need to harness strengths of private and public sectors

  • Seeking input and ideas


What can the lep do
What can the LEP Do?

  • LEP is NOT a replacement to RDA

  • Manage Expectations

  • Business Lead v Influence

  • Localisation – the Reality v Theory

  • Transformational Change v Incremental Change

  • Focus upon Local Private Sector Priorities

  • Create the Environment for Change

  • Focus upon Local Strengths/Skills

  • Leverage Local Talent Pool