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Hull & East Yorkshire Bondholders

Hull & East Yorkshire Bondholders. Accessing Finance Seminar Liz Baghurst Director of Funding & Grants, Seafox Management Consultants Limited www.seafox.no. Presentation Journey. Context Sources of Funding Business Growth Innovation Workforce Development

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Hull & East Yorkshire Bondholders

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  1. Hull & East Yorkshire Bondholders Accessing Finance Seminar Liz Baghurst Director of Funding & Grants, Seafox Management Consultants Limited www.seafox.no

  2. Presentation Journey • Context • Sources of Funding • Business Growth • Innovation • Workforce Development • What makes for a winning bid • Future Developments

  3. Context for the discussion • Political • UK Coalition Govt • Local Growth White Paper (Oct 2010) • Change of approach to Arms Length Bodies • Local Enterprise Partnerships / Enterprise Zones • EU • Europe 2020 • European Structural Funds 2013-2020 • Economic • Global downturn • Export opportunities

  4. Sources of Grant Funding • UK Government • Central Departments • Arms Length Bodies (ABLs) • Local Authorities • European Union • EC Central Departments • UK Government Managing Authorities

  5. Business Growth Funds • Expand, Rationalise or Diversify • Competitive • Needs/Opportunity based • State Aid Compliance • Geographical targeting • Restrictions for some sectors • Business Case and Financial Plan • Outcomes or ‘Return on Investment’

  6. Regional Growth Fund • Centrally managed fund • Round 1 and 2 complete • £1.4 billion up to 2014 • Grants, Loans and/or loan guarantees • Capital and Revenue • Round 3 expected in 2012 • Projects, Packages & Programmes • Minimum Grant Threshold £1m • Grant Rates Apply • Growth and Jobs!

  7. European Regional Development Fund (ERDF) • Yorkshire & Humber Region • £300m up to 2013 • Capital and Revenue • Priorities, support for: • Innovation & R&D • Enterprise • Sustainable Communities • Co-financing - 30-60% grant rate

  8. Grant for Business Investment (GBI) Available for: • Large Projects >£2 million grant • Offshore Wind Manufacturers • Exceptional projects • mitigate or avoid a significant downturn in the local labour market; or • address a significant market failure • ‘Assisted Areas’ that need more help • Typically 10-15% grant rate

  9. Rural Development Programme for England European Fund managed by DEFRA • The Rural Enterprise Investment Programme (REIP) • Helps businesses start-up and grow • Min Grant £25,000 • 40% Grant Rate • The Farm Resource Efficiency Programme (FREP) • Small Capital Grants • £1,500 - £25,000

  10. Innovation • New ideas that • Improve sustainability • Reduce costs/effort • Create new products and services • Knowledge Economy • Technology • Knowledge • Collaboration

  11. Technology Strategy Board • Grants for Research and Development (R&D) • Small to Medium sized companies • Proof of Market • Proof of Concept • Basic Prototype Development • Knowledge Transfer Partnerships • Small and large companies • Project work with a University • Competitions • Research • Feasibility Studies • Healthcare , Transport, Energy sectors

  12. Workforce Development • Build competitive industries through skilled workforce • Grants available for: • Apprenticeships • Non-statutory training Levels 1-3 • Leadership and Management • Contact your preferred supplier e.g. Universities, Colleges and Private Training Providers

  13. Future Developments • Growing Places Fund • Joint European Support for Sustainable Investment in City Areas (JESSICA) • Region Growth Fund Round 3 • Local Enterprise Partnerships • Enterprise Zones • Big Society

  14. Key Messages • Grant Opportunities ARE available! • Focus on growth and jobs • Private sector led regeneration • Seafox ‘Funding for Ambition’ in the Humber

  15. Thank You for your Attention........Liz@seafox.noTel: 01472 361323Twitter: @LizBaghurst

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