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ERDF PRIORITY 1: BUILDING THE KNOWLEDGE BASED ECONOMY

Strategic Objective : Building business capacity to become more innovative and to take on or develop new and improved products, processes and services. ERDF PRIORITY 1: BUILDING THE KNOWLEDGE BASED ECONOMY. £215 million IV rate = 44.73% Approx Split T1 = 72% (£154 million).

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ERDF PRIORITY 1: BUILDING THE KNOWLEDGE BASED ECONOMY

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  1. Strategic Objective: Building business capacity to become more innovative and to take on or develop new and improved products, processes and services ERDF PRIORITY 1: BUILDING THE KNOWLEDGE BASED ECONOMY • £215 million IV rate = 44.73% • Approx Split T1 = 72% • (£154 million) Theme 1: R&D, innovation and technology Activities • Finance schemes to support innovation and R&D commercial potential for individuals and businesses / IP and licensing support for industry, businesses and academia (x-ref Business Finance Framework). • Supporting the relationship between business and academia • Support for establishment of more R&D facilities in Wales to support business needs (linked to academia) • Knowledge based Incubation support • Activities to support the development and adoption of new technologies by businesses in Wales.

  2. Strategic Objective: Increasing the effective demand for, utilisation of, and embedded adoption of targeted Information and Communication Technologies. ERDF PRIORITY 1: BUILDING THE KNOWLEDGE BASED ECONOMY • Approx split T2 = 28% • (£61 million) Theme 2: ICT infrastructure and Information society for all Activities • Technological Interventions: analysis of future business needs through academic research / activities that exploit new opportunities for Wales e.g. nano-tech, Grid computing systems / stimulating the growth of supply-side, high growth ICT industries • Advisory skills: Addressing the up-skilling of ICT and e-Business advisers. • Community exploitation: initiatives focusing on citizen, community and voluntary sector exploitation of technologies, contributing to the local economy

  3. Strategic objective: To strengthen the economy by increasing the size and widening the range of business stock and tackling market failures in relation to business advice, information and finance. ERDF PRIORITY 2: Enterprise and Business Finance • £132 million IV rate = 47.59% • Approx split T1 = 47% • (£62 million) Theme 1: Entrepreneurship Activities • Awareness raising of business support amongst individuals and SMEs. • Improving access to support and information • Expansion of online facilities • General advice service for SMEs – workshops and one-to-ones. • Advice and support geared towards start-up businesses. • Business education.

  4. Strategic objective: Assisting the growth and expansion of businesses by improving targeted access to business finance. ERDF PRIORITY 2: Enterprise and Business Finance • Approx split T2 = 53% • (£69 million) Theme 2: Business finance Activities • Provision of debt finance and venture capital to address market failures in financial support mechanisms required to create new SMEs and develop existing ones. • Grant support packages for businesses, including, but not limited to, high growth sectors. • Support and accelerating Welsh exports.

  5. Strategic Objective: Increase accessibility within the region and to promote agglomeration effects by developing sustainable transport solutions. • £226 million • IV rate = 46.3% • Approx split* = 65% • (£147 million) ERDF PRIORITY 3: DEVELOPING STRATEGIC INFRASTRUCTURE FOR A MODERN ECONOMY Theme 1: Sustainable transport Activities • Supporting key rail and road enhancements, particularly those on or closely linked to the TEN-T network, improving accessibility to wider markets. • Reducing the level of car usage, particularly single occupancy commuting, and improving bus service provision. • Increasing public transport usage and enhancing accessibility to employment opportunities and key services – supporting the ‘Smarter Choices’ programme. • Community transport schemes. • Reducing congestion and carbon emission levels. • Reducing road haulage of goods and encouraging rail and sea.

  6. Strategic Objective: Equip region with necessary infrastructure for development of a modern and competitive economy by ensuring region has high quality locations, sites and premises. • £226 million • IV rate = 46.3% • Approx split* = 35.0% • (£79 million) ERDF PRIORITY 3: DEVELOPING STRATEGIC INFRASTRUCTURE FOR A MODERN ECONOMY Theme 2 : Strategic infrastructure (business & education) (Spatial Framework) Activities • A range and network of high quality sites and premises & business accommodation to develop a vibrant city-region in Tier 1 (Swansea) and Tier 2 regions, promoting Valleys and Waterfront Regeneration. • Strategic employment sites to support network of key interconnected centres across region. • Supporting a small number of high impact learning infrastructure projects. • Must link to general infrastructure developments (roads, ICT, public transport, drainage, energy and utilities access).

  7. Strategic Objective: Energy / Climate Change: Support the mitigation of climate change by encouraging greater energy conservation and efficiency, particularly by businesses, and to support the development of clean and renewable energy • £157 million • IV rate = 45.19% • Approx splitT1 = 34% • (£54 million) ERDF PRIORITY 4: CREATE AN ATTRACTIVE BUSINESS ENVIRONMENT Theme 1: Energy & Tackling Environmental Opportunities for Sustainable Economic Growth Activities • Energy: Promotion of energy efficiency through dissemination of best practice, advice and training / development and implementation of renewable energy technologies / efficient distribution of electricity and heat / tackling barriers to the adoption of low carbon technologies. • Climate Change Adaptation: flood and coastal erosion risk management / increasing resilience to flooding / sustainable management of water resources

  8. Strategic Objective: Improving resource efficiency through the reduction, reuse and recovery of materials and water ERDF PRIORITY 4: CREATE AN ATTRACTIVE BUSINESS ENVIRONMENT • Approx split* = 33% • (£52 million) Theme 2: Materials Efficiency - Waste Management Activities • Provision of advice and support on efficient management of materials resources with business and public sector. • Development of integrated network of materials resources management infrastructure (recycling, waste treatment, landfill and energy recovery). • Support for investment in R&D and knowledge exploitation to develop solutions in resource efficiency.

  9. Strategic Objective: Realising the economic potential of the environment through enhancing and protecting the natural, built and heritage environment in ways which promote sustainable economic growth • £157 million • IV rate = 45.19% • Approx split* = 33% • (£52 million) ERDF PRIORITY 4: CREATE AN ATTRACTIVE BUSINESS ENVIRONMENT Theme 3: Environment for Growth(Spatial Framework) Activities • Enhance the physical environment through countryside & coastal management, developing potential for sustainable recreation and economic benefit. • Strengthening conservation, management and interpretation of culture and heritage, and providing a leisure and tourism resource. • Build on extensive natural opportunities within Swansea Bay region to establish and integrated hub of water & land-based tourism and recreational activities (supporting the development of the Swansea Bay Waterfront Masterplan). • Develop and enhance the inland environment – natural, heritage and urban as a coordinated destination for visitors, and recreational and interactive opportunities for residents.

  10. Strategic Objective: The physical regeneration of communities to focus on the most deprived areas, supporting integrated, sustainable regeneration – capital, and skills and enterprise. • £213 million • IV rate = 47.68% • Approx split* = 71.5% • (£152.79 million) ERDF PRIORITY 5: BUILDING SUSTAINABLE COMMUNITITES Theme 1: Physical regeneration (Spatial Framework) Activities • Reinforce Swansea’s Regional capital role to attract business and visitors and to drive economic developments in the region. • Renewal of Tier 2 town centres through development of a stronger business environment, to create jobs and attract a skilled workforce. • Town centre renewal to create distinctive and sustainable environments. • Development of a vibrant Waterfront as a driver for growth. • Development or refurbishment of community, training or recreational facilities. • Must be aligned with the actions set out in the Community Economic Development Framework. • N.B. This framework is under review following PMC changes to eligible criteria.

  11. Strategic Objective: Tackling the underlying issues that prevent sustainable economic and social development within communities, including increasing the participation and growth of community and social enterprises within the mainstream economy. • £213.69 million • IV rate = 50.64% • Approx split* = 28.5% • (£61.10 million) ERDF PRIORITY 5: BUILDING SUSTAINABLE COMMUNITITES Theme 2: Community Economic development Activities • New or improved community owned or led services and facilities integral to local regeneration e.g. credit unions, social enterprises, community transport, crime prevention and initiatives which remove barriers to employment. • Community initiatives addressing environmental issues. • Grants / loans packages supporting community enterprises towards sustainability. • Activities which support community led economic development and employment opportunities.

  12. ESF Frameworks

  13. Strategic Objective: Improving the educational outcomes of young people at risk of underachieving. • £110 million • IV rate = 54.46% • Approx split = 70% • (£77 million) ESF PRIORITY 1: SUPPLYING YOUNG PEOPLE WITH THE SKILLS NEEDED FOR EMPLOYMENT Theme 1: Tackling underachievement in schools Activities • Enhancing access to the alternative curriculum – vocational training, work experience. • Enhanced PSE programmes and implementation of mentoring programmes. • Research into combating disaffection. • Targeted actions to identify NEETs and to deliver suitable interventions.

  14. Strategic Objective: provide young people with suitable information, advice and guidance to make informed choices on their learning and career paths. • £110 million • IV rate = 54.46% • Approx split = 30% • (£33 million) ESF PRIORITY 1: SUPPLYING YOUNG PEOPLE WITH THE SKILLS NEEDED FOR EMPLOYMENT Theme 2: Raising skills and aspirations Activities • Provision of access to work experience activities. • Enhanced careers advice and in-depth careers info and guidance. • Working with business and voluntary sectors to encourage young people to take STEM subjects. • Awareness raising of higher education.

  15. Strategic Objective: to increase employment and tackle economic inactivity by bringing more people into employment. • £192 million • IV rate = 55.19% • 70% target economically inactive • 30% on unemployed and “at risk” ESF PRIORITY 2: INCREASING EMPLOYMENT AND TACKLING ECONOMIC INACTIVITY Theme 1: Helping people into sustainable employment Activities • Active labour market measures including job search support, access to information, work experience, skills and learning development. • Interventions that improve and develop work-relevant skills: vocational, soft skills, confidence and motivation, IT. • Advice for those facing redundancy on alternative jobs and training opportunities. • Enhancing access to support for people with caring responsibilities. • Employer engagement strategies.

  16. Strategic Objective: Increase employment by developing actions o reduce the risk of people becoming long-term unemployed ESF PRIORITY 2: INCREASING EMPLOYMENT AND TACKLING ECONOMIC INACTIVITY • £192 million • IV rate = 55.19% Theme 2: Helping people to remain in employment Activities • Developing delivery of workplace health programmes supporting people in managing their health problems at work. • Measures aimed at raising employer awareness on support available. • Provision of advice and guidance on managing health conditions for employers, and individuals.

  17. Strategic Objective: Improving basic skills in literacy, numeracy and ICT ESF PRIORITY 3: IMPROVING SKILL LEVELS AND IMPROVING THE ADAPTABILITY OF THE WORKFORCE • £222 million IV rate = 57.34% • Approx split = 60.27% • (£130 million) Theme 1: Raising the skills base and supporting progression Activities • Targeted interventions to improve access to basic and functional skills provision for employees within and outside the workplace. • Providing low skilled workers with academic and vocational skills up to Level 2. • Supporting demand-led progression up to Level 3 through flexible learning provision for individuals, including apprenticeships. • Targeted interventions for minority groups e.g. BME, disabled.

  18. Strategic Objective: Improving systems for workforce development, addressing skills gaps and shortages ESF PRIORITY 3: IMPROVING SKILL LEVELS AND IMPROVING THE ADAPTABILITY OF THE WORKFORCE • £222 million IV rate = 57.34% • Approx split = 34.6% • (£76 million) Theme 2: Skills for the knowledge economy Activities • Interventions supporting the knowledge economy to develop higher level skills • Improving research into skills needs in relation to market demand • Supporting employers to identify and address the skills of their sectors • Helping workers and enterprises adapt new forms of work organisations and new technologies.

  19. ESF PRIORITY 4: MAKING THE CONNECTIONS –MODERNISING OUR PUBLIC SERVICES • £22 million IV rate = 50.77% • Approx split = 40 / 60% Theme 1: Transforming public services through more effective collaboration Theme 2: Building the capacity of Public Service Sectors to deliver higher quality services. Activities • Making the Connections • Efficiency, access, integration, responsiveness; shared services (LSBs); procurement; access channels and ICT; customer service and service integration, re-engineering. • Skills, capacity of managers & workforce, workforce planning & development strategies, skills for change and delivery, secondments & trans national working, learning & development portal.

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