european structural and investment funds 2014 20 ely 28 february 2014
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EUROPEAN STRUCTURAL AND INVESTMENT FUNDS 2014-20 Ely, 28 February 2014. The GCGP area. The LEP Team …. … and you!. Our EU Funding Priorities. LEP Prize Challenge. £1m fund for Voluntary and Social Enterprise led projects Getting people job ready (1,000) and into work (250)

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Presentation Transcript
the lep team
The LEP Team …

… and you!

lep prize challenge
LEP Prize Challenge
  • £1m fund for Voluntary and Social Enterprise led projects
  • Getting people job ready (1,000) and into work (250)
  • Eight winners in the 1st round
headlines
Headlines
  • Approximately £72m EU allocation for 2014-2020 (ERDF, ESF, EAFRD)
  • SupportsStrategic Economic Plan priorities
  • Investment priorities based on LEP priorities and stakeholder consultation
  • Project activity to be locally compliant
  • Multi-partner approach
  • Awaiting Government feedback
lep role in european funding
LEP role in European Funding
  • LEPs responsible for prioritising spend locally
  • 20% of European Social Fund to tackle social inclusion and combat poverty
  • GCGP to facilitate proposals for local projects
  • Public and private sector match funding required
  • Social inclusion match funding through Big Lottery opt-in model and Civil Society
funding overview
Funding overview

ERDF – Innovation, ICT, SME Competitiveness, Low Carbon Economy

ESF – Skills, Employability, Social Inclusion

EAFRD – for complementary provision in rural areas

social inclusion funding
Social Inclusion Funding
  • £3.46m ESF through BIG - £6.92m total with match
  • £1.5m ESF through Civil Society - £3m with match
  • Targeted at those furthest from the labour market, education or training
  • Locally prioritised and designed
  • Expectation of significant VCSE engagement
  • Bidding and delivery mechanism to be agreed
  • Plus £1.5m (£3m) through CLLD
outputs and results
Outputs and Results
  • ≈ 5,500 businesses supported
  • ≈ 200 start-up businesses supported
  • ≈ 8,000 new jobs created
  • ≈ 10,000 participants in skills and training
  • ≈ 5,000 young people supported
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Michael BarnesProgramme [email protected] [email protected] Investment Strategy available atwww.gcgp.co.uk

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