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Government’s Perspective on Growth

Government’s Perspective on Growth. Rowena Limb Area Director, BIS East & South East Midlands. BIS Local – EM and SEM. BIS decision to have place based contacts BIS Local is a network of six teams across England to: Realise ec.opportunities Influence policy using local knowledge

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Government’s Perspective on Growth

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  1. Government’s Perspective on Growth Rowena LimbArea Director, BIS East & South East Midlands

  2. BIS Local – EM and SEM • BIS decision to have place based contacts • BIS Local is a network of six teams across England to: • Realise ec.opportunities • Influence policy using local knowledge • Respond to ec shocks • Support Ministers

  3. Programme for Government - May 2010 Reduce Red Tape Boost enterprise Grow exports Banking Tax Credit Flow

  4. Four aims of Government on Growth • To create the most competitive tax system in the G20 • To make the UK the best place in Europe to start, finance and grow a business • To encourage investment and exports as a route to a more balanced economy; and • To create a more educated workforce that is the most flexible in Europe.

  5. What are we doing? Part 1 - Tax Competitive tax rate • Corporation Tax • R&D credits

  6. Part 2: Businesses • Reduce Red Tape • Fairer employment rights • Support small business procurement • Access to Finance schemes

  7. Part 3: Investment and Export

  8. Part 4: Educated and Flexible Workforce

  9. Government action – more than 1 place EOP Apprenticeships RGF & AMSCI TSB & Catapult Growth Accelerator UKTI MAS MML electrification ECML improvements LTBs Pinch Point LSTF City Deals What Works Centres Social Enterprise LEPs European Funding Enterprise Zones Growing Places Fund New Homes Bonus CIL Coastal Communities Fund Business rate retention Rural Growth Networks Flood Defences

  10. What’s next? LEP strategies Single Pot? City Deal Wave 2 Industrial Strategy Business Bank Euro Funds 2014+ Budget: 20th March 2013

  11. Landscape Changes • 1997 - Regional Development Agencies • 2010 - Decision to abolish of RDAs • (Total budget of £1.8 bn in 2010/11) • 2010 - First Local Enterprise Partnerships established

  12. What is a LEP? • Voluntary partnership of public and private sector • Private sector led Board • Cover a functional economic area • Purpose to help determine local economic priorities and lead economic growth and job creation within its local area.

  13. What do they do? • Local determination initially • Strategic Growth Plan to set priorities • Now some public funds – GPF • RGF programmes to deliver • Role in City Deals • European Funding model proposes LEP allocations • Influence skills and transport policy

  14. Landscape LAs LEPs Investors TSB SFA / NAS Businesses BIS Utilities DCLG Business Organisations GA / MAS MMO Trade Associations HMT Banks UKTI Social Enterprise HA Civic Society HCA Natural England TUS HE English Heritage MOD DWP / JCP FE Environment Agency SSCs HMRC

  15. Contacts Business Support and Innovation: ian.harrison@bis.gsi.gov.uk European, LLEP: pete.holmes@bis.gsi.gov.uk D2N2, Lincolnshire: maria.lyle@bis.gsi.gov.uk Northamptonshire, SEMLEP: will.morlidge@bis.gsi.gov.uk Rutland: peter.northover@bis.gsi.gov.uk

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