Bournemouth Strategic Leadership Forum

Bournemouth Strategic Leadership Forum

Lorna Gibbons

Dorset LEP Director23 May 2014

DorsetLEPBoard

Competitive

Businessorganisations

andnetworks

Strategiceconomic

development

Talented Connected Responsive

Business sectors

Dorset Challenges and Opportunities

• Challenges– Connectivity– Low productivity– Low wage economy– Skills gaps– Public sector dependence– Two speed economy– Business support

• Opportunities– Environmental assets– Diversity– Strong sectors– HE / FE– Redevelopment sites– Additional funding– Renewable energy

Government agenda…?

• 89 recommendations: only 5 rejected

• Increased devolution to LEPs

• Strategic economic plan

• Competitive and formula funding

• Local authorities as accountable bodies

2015All Funding Available, Integrated delivery and long term planning

Heseltinetimescale

European Structural & Investment Funding Strategy (ESIF)

£40.33m (47.1m Euros)

INVESTMENT PRIORITIES:• Driving Business Growth & Innovation (£15.6m)

• TO1 – Strengthening Research, Technological Development & Innovation• TO3 – Enhancing the competitiveness of Small & Medium Enterprises

• Reducing the Carbon Footprint (£6.53m)• TO4 – Supporting the shift towards a low carbon economy

• Supporting & Improving the labour market & workforce (£18.2m)• TO8 – Promoting employment & supporting labour mobility• TO9 – Promoting Social inclusion & combating poverty• TO10 – Investing in Education, Skills and Lifelong Learning

European Structural & Investment Funding Strategy (ESIF)

HOW:• 68% through Opt-in organisations

• DWP, SFA, Big Lottery, UKTI, MAS,• Remainder by direct application in response to prospectuses

• Requires 50% match funding.• Establishing a Local Area Partnership (LAP)

• To agree and oversee the delivery of the fund in Dorset

WHEN:• 31 May 2014 - Final revised Strategy submitted to Government• July-Oct 2014 - Further guidance due• From 2015 - Start spending• December 2020 - Funding ends

Be inspired, be part of it!

[email protected]