Download Unlocking Local Growth - East Midlands Councils

Government’s
Perspective on Growth
Rowena Limb
Area Director, BIS East & South East Midlands
BIS Local – EM and SEM
• BIS decision to have place
based contacts
• BIS Local is a network of
six teams across England
to:
– Realise ec.opportunities
– Influence policy using
local knowledge
– Respond to ec shocks
– Support Ministers
Programme for Government - May 2010
Banking
Tax
Credit
Flow
Reduce Red
Tape
Boost
enterprise
Grow exports
Four aims of Government on Growth
• To create the most competitive tax system in
the G20
• To make the UK the best place in Europe to
start, finance and grow a business
• To encourage investment and exports as a
route to a more balanced economy; and
• To create a more educated workforce that is
the most flexible in Europe.
What are we doing? Part 1 - Tax
Competitive tax rate
• Corporation Tax
• R&D credits
Part 2: Businesses
•
•
•
•
Reduce Red Tape
Fairer employment rights
Support small business procurement
Access to Finance schemes
Part 3: Investment and Export
Part 4: Educated and Flexible Workforce
Government action – more than 1 place
EOP
Apprenticeships
RGF & AMSCI
TSB & Catapult
Growth Accelerator
UKTI
MAS
MML electrification
ECML improvements
LTBs
Pinch Point
LSTF
City Deals
What Works Centres
Social Enterprise
LEPs
European Funding
Enterprise Zones
Growing Places Fund
New Homes Bonus
CIL
Coastal Communities Fund
Business rate retention
Rural Growth Networks
Flood Defences
What’s next?
City Deal Wave 2
LEP strategies
Single Pot?
Industrial Strategy
Business Bank
Euro Funds 2014+
Budget: 20th March 2013
Landscape Changes
• 1997
- Regional Development Agencies
• 2010
- Decision to abolish of RDAs
• (Total budget of £1.8 bn in 2010/11)
• 2010
- First Local Enterprise
Partnerships established
What is a LEP?
• Voluntary partnership of public and private sector
• Private sector led Board
• Cover a functional economic area
• Purpose to help determine local economic
priorities and lead economic growth and job
creation within its local area.
What do they do?
•
•
•
•
•
•
Local determination initially
Strategic Growth Plan to set priorities
Now some public funds – GPF
RGF programmes to deliver
Role in City Deals
European Funding model proposes LEP
allocations
• Influence skills and transport policy
Landscape
LAs
Investors
LEPs
TSB
SFA / NAS
Businesses
BIS
Utilities
DCLG
Business Organisations
MMO
Trade Associations
Social Enterprise
Banks
HA
Civic Society
HCA
GA / MAS
HMT
UKTI
Natural England
TUS
HE
English Heritage
MOD
DWP / JCP
Environment Agency
HMRC
FE
SSCs
Contacts
Business Support and Innovation: [email protected]
European, LLEP: [email protected]
D2N2, Lincolnshire: [email protected]
Northamptonshire, SEMLEP: [email protected]
Rutland: [email protected]