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Transcript of leedscityregion.uk
The Leeds City Region Local The Leeds City Region Local Enterprise Partnership Enterprise Partnership
Business BreakfastBusiness BreakfastShay Stadium, HalifaxShay Stadium, Halifax
21 January 201121 January 2011www.leedscityregion.gov.uk
The Leeds City Region: Economic Engine of the North
95% self-contained
3m population
100,000+ businesses
£51 billion economy
5% of UK GVA
The functional economic area in which businesses operate, and people live their day-to-day lives
Leeds City Region Local Enterprise Partnership
The Local Enterprise Partnership will support job creation and business growth across the city region, ensuring that the city region becomes the world-leading, globally competitive natural investment alternative to London.
The Shadow LEP Board
• 1 private sector chair (Neil McLean)
• 7 private sector members (TBC)
• 7 local authority members (TBC)
Achieving the visionWhat will it do?
• Ensure the tools in place to support businesses to grow – Innovation, Enterprise & Economy
– Jobs and skills
• Create the environment for growth– Housing & regeneration– Transport– Low carbon economy
• Integrated investment planning
How?• Devolved funding
• Collaborative working
LCR Local Enterprise PartnershipKey Proposals
• Greater devolution of Transport powers & funding• Control over mainstream funding in housing• Financial borrowing capability – Asset Mngt, ADZs, LCR
‘Bank’• City region-wide investment / spatial planning• An integrated business support, innovation inward
investment, skills prioritisation—including Regional Growth Hub model
The bigger pictureThe bigger pictureLCR Integrated Strategy
The WHAT and WHEREThe vision, priorities, objectivesbuilding on existing strategies/refreshed vision
LCR Local Enterprise Partnership
The HOWGovernance for delivery
Coordination of Investmentincluding Regional Growth Fund, JESSICA, ADZ, ERDF, and
devolved funding streams
The MONEYThe funding for delivery
Regional Growth Fund• £1.4bn over three years
• A challenge fund about– Rebalancing the economy– Creating private sector jobs
• Projects need to be private sector led or a private public partnership
• Round 1: closing date 21 Jan; Round 2: to be confirmed
• LCR Partnership/LEP working with partners to develop bids for Rd 1; programmes for Rd 2
Structure of Calderdale’s Economy
11
Manufacturing
Construction
Retail
Hotels & restaurants
Transport&comms
Finance
BusinessServices
Public admin
Education
Health & social work
Other community services
0.50
1.00
1.50
2.00
2.50
3.00
-10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0%
Inde
x of
Spe
cilis
ation
(Loc
ation
Quo
tient
, Eng
land
=1)
Average Annual Growth Rate
Moving forwardSeptember 2010 LEP bid to Government
October 2010 Approval of the new LEP
January 2011 LEP Chair appointed
LEP Board appointed
Next steps Business plan developed
Negotiation with Whitehall/partners
Get involved
• Sign up for our business e-bulletin
• Web: www.leedscityregion.gov.uk
• Email: [email protected]
• Join the debate at Linked In: Leeds City Region; Leeds City Region Innovation Capital
• Get involved in a working group/event