“The LEP - enabling, supporting and championing
economic growth”
Our Strategy to enable investment in better jobs,
improved skills and increased prosperity
Heart of the South West LEP
Where have we got to
• Strategic Economic Plan (SEP) - An
over-arching strategic economic plan,
setting out our ambition and
priorities for growth as required by
Govt
• Growth Deal - Local Growth Fund
competitive bid to Govt plus asks for
“freedoms and flexibilities”
• EU SIF – submitted and responding to
formal feedback from Govt
• Plymouth and Peninsular City Deal
approved and benefitting Somerset
The SEP’s Core Aims
for Growth
Maximising
employment
opportunities
Environmental
sustainability
Creating the
conditions for
growth
Inclusion
Our BIG opportunities
Marine / City Deal
Hinkley legacy
Exeter Smart Jobs
Aerospace
Dependent on
Rail, Road and Digital Connectivity
Skills Infrastructure
Growth deal
position
LEP’s transport, digital, skills and enterprise support
infrastructure requires investment on a transformational scale
to enable growth.
LEP local growth fund “asks” and wider requests of Government
focus on the “big” opportunities and barriers.
Negotiations with Govt ongoing. Deal likely to be taking shape
by end of June and announced by summer recess.
Government “asks” of LEPs and their local authorities likely to be
part of the Deal .
Growth Deal – Somerset headlines
• Local transport improvements, FE College capital
developments and broadband/mobile connectivity
improvements in Somerset potentially to be funded
by LGF
• LEP’s wider growth deal asks include Somerset
infrastructure priorities including A303
improvements
• Government focus on nuclear and flood response
being key parts of the Deal
Support for business
Growth Hub
•
•
•
•
•
•
Vouchers for rural businesses
Grants for job creation
Access to Finance aid
Business Engagement Service
Clear signposting
Export advice
More jobs, better jobs, greater prosperity
heartofswlep.co.uk
By 2030:
• Transformed growth rate from
below the national average to
above
• Doubling the number of new
jobs and 50% more houses
• Approaching £50bn of GVA
• Transport / skills infrastructure
fit for the 21 century
• Our urban and rural economies
strong and working together