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MHA Annual Event A Quick Guide to LEPs

MHA Annual Event A Quick Guide to LEPs. June 2014 Peter Davenport C.Eng. Economic Partnership Manager. Introduction. What are LEPs? What role do they have in securing and managing funding? What does the future hold??. What are LEPs.

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MHA Annual Event A Quick Guide to LEPs

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  1. MHA Annual Event A Quick Guide to LEPs June 2014 Peter Davenport C.Eng. Economic Partnership Manager

  2. Introduction • What are LEPs? • What role do they have in securing and managing funding? • What does the future hold??

  3. What are LEPs • A partnership of business, LA, Universities, Colleges, etc. Focussed on lading and promoting local economic growth. • 39 LEP across England • Locally – GBSLEP with overlap, Black Country, Marches, Worcestershire with overlap, Coventry and Warwickshire, D2N2, Cheshire and Warrington • Governance – typically a Board, Executive, sub-groups, inc. LTB and a few working groups. • Secretariat – Partnership Manager, Support from City, County, Districts, and others….

  4. What’s their role • Advocacy of their area • A business led approach • Promoting economic prosperity • Including;business support, innovation, skills, infrastructure, enterprise etc… • Developers of the Strategic Economic Plan and other Strategies which lead to funding.. • Focus for devolution of economic, inclusion and transport funding – “contract” with Government??

  5. Funding Sources • LEP’s have access to funding through; • Growing Places Fund - loan • EU Investment Funding (ERDF/ESF) – some limited capital – 14 to 20 • Local Growth Fund – capital - see next slide • Regional Growth Fund – capital or revenue • Other sources by supporting partners or bidding • Have to demonstrate competence and delivery to Government – LA have a key role to play

  6. Local Growth Fund • National Programme, part allocation, part competition. Funding Sources • Local Major Transport - £819m • LSTF - £100m • Integrated Transport Block - £200m • FE Capital - £330m • ESF Match - £170m • RGF 5 - £50m • Housing Revenue Account Borrowing - £150m • Large Sites - £50m • Announcement July

  7. The Future • Short term • Announcement of Local Growth Deals • Development and delivery of projects to start in 15/16 • Some limited future commitments • Putting in place management of programmes • Longer term • Process will develop • Negotiations about longer term proposals • More clarity on business cases and approvals • Monitoring of outcomes

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