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Developing a South East EU Investment Prospectus

Developing a South East EU Investment Prospectus. 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

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Developing a South East EU Investment Prospectus

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  1. Developing a South East EU Investment Prospectus

  2. 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.

  3. SELEP Area

  4. 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

  5. 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

  6. SELEP Priorities Low carbon Social Innovation

  7. 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

  8. 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

  9. 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

  10. 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

  11. In summary… • Growth and Jobs are paramount • Flexibility within principle of targeted intervention • We need your project ideas! • Remember… SMART – SUSTAINABLE – INCLUSIVE

  12. 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

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