Background – SELEP » Established early 2011 » Simple governance structure ˃ Private sector chair and three private sector vice chairs ˃ Board of 45 ˃ Executive Group of 24 » Streamlined support ˃ Small secretariat (5.5) ˃ Senior Officer Group ˃ Working with, and through, partners » Principle of subsidiarity: ˃ Only intervene where we can add value to what happens locally whether in growth communities, coastal or rural areas. 2 SELEP Area 3 Increasing responsibility » Initial strategic remit for SELEP » Increasing responsibility from Government ˃ Autumn statement devolved functions and introduced requirements » Need for Economic Growth Strategy to be devised AND EU Investment Prospectus » Limited guidance from Government to date 4 Context » Common Strategic Framework ˃ Delivery of Structural & Investment (SI) Funds in 2014-20 ˃ € 376 Billion to deliver Cohesion Policy » Focus is on Growth & Jobs ˃ Smart, Sustainable, Inclusive Growth ˃ Europe 2020 Strategy » EU Growth Programme in England ˃ Combined programme for delivery of SI Funds ˃ € 6.17 Billion across England; allocated by LEP areas ˃ LEPs responsible for delivery » SELEP developing EU Investment Prospectus ˃ Aligned to Economic Growth Strategy 5 SELEP Priorities Low carbon Social Innovation 6 SELEP Priorities » Geographical variations across LEP area ˃ Federated nature of LEP » Pan-LEP commonalities ˃ SME Support ˃ Innovation ˃ Social inclusion » Thematic approaches ˃ Coastal communities ˃ Rural economy 7 Direction of SI Funds » Change in emphasis of SI Funds ˃ Targeted intervention ˃ Smart specialisation ˃ Tangible outputs in support of Growth and Jobs » ‘Quadruple Helix’ approach advocated ˃ Builds on principle of triple helix approach ˃ Public, private, HEI and civil society joint working + Greater scope for social innovation / enterprise 8 So what does this mean? » Actions / projects can support social enterprises and community groups… …but have to demonstrably deliver Growth & Jobs » Requirements for delivering against certain SI Funds… …but some flexibilities and freedoms in delivery » Government’s EU Growth Programme needs to be adhered to… …but LEP and its partners responsible for determining direction of investment programme and projects 9 Opportunities » » » » Social enterprise / innovation SME competitiveness Higher level skills LEADER ˃ Coastal communities » Wider linkages ˃ INTERREG + Scope for innovation, particularly in transnational Programmes ˃ Horizon 2020 + Drive for greater societal impact in new research & development Framework Programme + Also includes former Life+ and Intelligent Energy Europe (IEE) Programmes 10 In summary… » Growth and Jobs are paramount » Flexibility within principle of targeted intervention » We need your project ideas! » Remember… SMART – SUSTAINABLE – INCLUSIVE 11 Lorraine George EU Investment Prospectus secondee, South East Local Enterprise Partnership lorraine.george@essex.gov.uk 01245 430472 / 07500 976369 South East Local Enterprise Partnership lep@essex.gov.uk www.southeastlep.com Tweet us @southeastlep 12