Delivering Economic Growth Opportunities in Rural Surrey Kathy Slack Director, Enterprise M3 Local Enterprise Partnership
Delivering Economic Growth Opportunities in Rural Surrey
Kathy Slack Director, Enterprise M3 Local Enterprise Partnership
What is Enterprise M3?
• Enterprise M3 is a business-led Local Enterprise Partnership that is working to secure economic growth at the sub-national level
• Bringing together leaders from the business, public and not-for-profit sectors to provide the vision, knowledge and strategic leadership needed to drive private sector growth
• Our aim is to create the foundations on which our businesses can flourish
What is our vision for the Enterprise M3 area?
Our vision is to make the Enterprise M3 area
“the premier location in the country for enterprise and economic growth,
balanced with an excellent environment and quality of life.”
Rural areas within Enterprise M3
• Enterprise M3 has a large rural geography with a
diversified economy • 26% of Enterprise M3 is within two national parks - the
New Forest and South Downs • Surrey Hills AONB
Enterprise M3 - Working to Support Rural Areas
• Rural Action Group
• Development of Rural Planning policies
• Types of support available to business - Local Growth Fund - Growing Enterprise Fund & Expansion Fund - EU funding - The Growth Hub
Enterprise M3 - Working to Support Rural Areas
• Local Growth Fund e.g. Woodfuel hub project
• Large scale capital fund • Supporting long term infrastructure development • Seeking new expressions of interest for this fund
Enterprise M3 - Working to Support Rural Areas
• Growing Enterprise Fund e.g Tannery Studios, Send Nr. Guildford.
Development of a centre for digital media and creative
industries
• Revolving loan fund providing capital funding
Enterprise M3 - Working to Support Rural Areas
• Expansion Fund e.g Thinking Safe, Egham Conversor, Woking Anywhere.me, Weybridge Unique Secure Ltd, Guildford CNL Ltd, Knaphill • Digital high street skills project Addlestone workshop
Types of European Funding available to Enterprise M3
• European Social Fund (ESF) - focus on skills/employment
and social inclusion for all locations • European Regional Development fund (ERDF) - focus on
enterprise, innovation and low carbon for all locations • European Agricultural Fund for Rural Development
(EAFRD) for businesses located in rural locations - SME business development - supporting tourism in rural areas - food and drink processing - funding broadband investments (2017?)
European Agricultural Fund for Rural Development (EAFRD)
For Enterprise M3, the first call has closed but further calls are expected later this year (awaiting timetable from DEFRA)
Total EAFRD allocation £k
SME business development grants (for small
and micro businesses, up to 50 FTE)
1240
Rural tourism grants 930
Grants for food processing businesses 930
Broadband (possibly from 2017) 1000
Total
4100
(subject to exchange rate)
Enterprise M3 - Working to Support Rural Areas
The Enterprise M3 Growth Hub
For businesses looking to succeed in the Enterprise M3 area, the Enterprise M3 Growth Hub is an expert advice
and resource network which helps business achieve results quickly through a personal, tailored service focused on
growth
Resource network
• Easy access to a comprehensive source of local, national and international support for business
Growth Service
• A personal service connecting businesses with experts to help their growth plans
The Growth Hub: two integrated services
Further details
www.enterprisem3.org.uk
01962 846755