LONDON ENTERPRISE PANEL September 2012 Michael Heanue Principal Policy Officer.

LONDON ENTERPRISE PANELSeptember 2012

Michael Heanue

Principal Policy Officer

The London Enterprise Panel

Background:• October 2010, the Government invited the Mayor,

London boroughs and business leaders to consider the case a London enterprise partnership.

• February 2011: approval for one partnership covering all of Greater London

• A shadow body – The LEP Advisory Panel – established to develop proposals for the Panel

• January 2012 , the Mayor approved the London Enterprise Panel, including a Constitution, its remit and membership.

• First meeting took place on the 22nd February.

The Members

• Kit Malthouse, Deputy Mayor for Business & Enterprise (co-Chair) • Harvey McGrath, Former Chairman of the London Development

Agency and Prudential plc (co-Chair) • Sir William Castell, Chairman Wellcome Trust • Grant Hearn, Executive Chairman, Travelodge • Nick Turner, Managing Director, Nomura • Jack Morris OBE, Chairman of Business Design Centre Group • Stephen Howard, Chief Executive, Business in the Community • Sue Terpilowski, Chairman London Policy Unit at Federation of

Small Businesses• Councillor Chris Roberts, Leader, Royal Borough of Greenwich • Councillor Steve Reed, Leader, London Borough of Lambeth • Councillor Michael White, Leader, London Borough of Havering

The Panel’s Role

The Panel’s role is to advise the Mayor on actions to:

• Provide strategic investment to support private sector growth and employment in London;

• Promote enterprise and innovation;

• Promote the acquisition of skills for sustained employment in London; and

• Protect and enhance London’s competitiveness.

All papers and terms of reference for the Panel can be found here:

www.london.gov.uk/londonenterprisepanel

• London Growth Fund

• Bids for other LEP funding streams announced by Government

Growing Places FundCity Skills Funding

• Business rate uplift in the Enterprise Zone/s in London

Royal Docks Enterprise Zone

The Panel’s Role:Advise the Mayor on actions to provide strategic investment to support private sector growth and employment in London

• Government funding and programmes to support SMEs has been nationalised and is directly managed by BIS - Solutions for Business (SfB), encompassing 13 products and services for SMEs, including

Growth Accelerator - aims to support start ups and high growth SMEs to address barriers to growth and support them to grow more rapidly. 3-year contract awarded to Grant Thornton to implement this.

• Assistance in negotiating the Mayor’s European Regional Development Fund (ERDF) allocations

• Advising the Mayor on all other actions to promote enterprise and innovation

The Panel’s Role: Advise the Mayor on actions to promote enterprise and innovation in London

LEP Skills and Employment Working Group

Purpose: • work to equip Londoners with the skills to enable them

to compete for London’s jobs and to increase the number of Londoners in employment

• First meeting of the group took place on the 2nd May 2012

• All agendas, minutes and public papers relating to the group can be found here:

www.london.gov.uk/londonenterprisepanel

The Panel’s Role:Advising the Mayor on actions to promote the acquisition of skills for sustained employment in London

Protect and enhance competitiveness

Source: Office for National Statistics

Employment rate over the past 20 years or so

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66.0

68.0

70.0

72.0

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1996Apr

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London Enterprise Panel:

Working Groups

The proposed themes for working groups

• Skills & Employment

• SMEs

• Science and technology

• Infrastructure

Skills & Employment Working Group

Chair: Grant Hearn, Vice-Chair: Jack Morris, Chairman of Business Design

Centre Group Members:

• Emma Stuart - Women Like us on behalf of LVSC• Ian Ashman – Chair, London Association of Colleges• Ian Mulheirn - Social Market Foundation• Nigel Carrington – Rector, University of the Arts• Cllr Steve Reed - London Councils• Roy O'Shaughnessy – Chief Executive, CDG & Work Programme• Sue Terpilowski, Chairman London Policy Unit at Federation of Small

Businesses • John-Paul Marks – Department of Work & Pensions/Job Centre Plus• Paul Whitmore,- Commercial Director Morgan Sindall Group Plc

Skills & Employment priorities indentified so far

Supporting the Skills & Employment priorities: Key Outputs for 2012

• Publication of a Skills & Employment Plan for London by March 2013;

• In developing this, research is taking place in the following areas

• Labour Market Forecasting• Review of the current skills and employment system for

those in and out of work;• Assessing capacity of the system to respond to future skills

and employment needs;• A review of the London Skills & Employment Observatory

with the aim of redeveloping it to make it user-friendly for schools, colleges, employers and individuals;

• Part-time working

Next Steps

October/November: •Launch of business support products with BIS•New LEP sub-groups agreed •Decision on funding for Super Connected Cities - £25 m for LondonNovember/ December:•Series of sub-regional LEP stakeholder engagement events•Skills and employment/LMF research completed and timetable for next steps agreedJanuary/February: •Consultation on the LEP’s jobs and growth strategy for London begins

April 2012: •Publication of the LEP’s overall strategy for delivery over the following three years

Questions?