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Jason Middleton Business Growth Manager

An Introduction to New Anglia Local Enterprise Partnership. Jason Middleton Business Growth Manager. About New Anglia LEP. One of thirty nine LEP’s across England Formed as a ‘not for profit’ company in 2011 Covers the whole of Norfolk and Suffolk

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Jason Middleton Business Growth Manager

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  1. An Introduction to New Anglia • Local Enterprise Partnership Jason Middleton Business Growth Manager

  2. About New Anglia LEP • One of thirty nine LEP’s across England • Formed as a ‘not for profit’ company in 2011 • Covers the whole of Norfolk and Suffolk • Aim, to grow and develop the economy through businesses growth and job creation • Development and delivery of activity with partners

  3. Business Growth Programme – Jason Middleton£3.9m of business support in Norfolk and Suffolk:- Nine ‘face-to-face’ businesses advisorsA website and telephone helpline providing adviceGrants from £5k to £25k to help businesses growSpecialist innovation support and adviceInnovation support from UEA, UCS and NUAA LEP wide Businesses Start-up programme Support for Business

  4. Growing Business Fund£12m to help SME’s grow, develop and create jobs across Suffolk & Norfolk21 grants awarded to date totalling over £2.1m, levering in £18.4m of private match funding.Grants awarded to date forecasted to create 394 new full time jobs over the next 2 years.Over 290 enquiries & applications from all areas of Norfolk & Suffolk. Finance for Business

  5. Grants4Growth£11m ‘invest to grow’ Government funding providing capital and revenue grants to SMEs. Includes 1-2-1 support for completing grant applicationsNew Anglia leading the way with 36 grants settled and 25 more in the pipelineAround £280,000 already awarded in grant settlements, with further £230,000 in grants in the pipeline. Over £2.4m of private sector investment already committed across New AngliaNew element: ‘Energy 500+’ Grants of up to £1K for SMEs to install energy efficiency measures Finance for Business

  6. Agri-tech Fund £2.5mWorking with the GCGP LEP and available across Norfolk and Suffolk the scheme has 2 elements: -£2m Agri-Tech Growth FundGrants between £25,000 and £150,000 to support improvements in agricultural productivity.£500,000 of investment to support the development of an Eastern Agri-Tech Centre Finance for Business

  7. Enterprise ZoneSix sites in Great Yarmouth & Lowestoft promoting & supporting investment in the energy sector by offering business rate discount, superfast Broadband & relaxed planning regulations.Since award of EZ status (01.04.12) 8 businesses have moved in creating 263 jobs to date.The EZ has had c£9m worth of private capital investment from business and partners.By 2015 we envisage exceeding the original job forecast of 1380 by approx 35%. Infrastructure for Business

  8. Growing Places Fund£18m Recyclable Capital Infrastructure FundProjects approved so far in Norwich, North Norfolk, Ipswich, Kings Lynn & West Norfolk, St Edmundsbury, Forest Heath, Suffolk CoastalSmall Loans Fund open to new applications requesting less than £500k, 12-18 month repayment periodHaverhill Research Park first project to be funded (Nov12) and repay its loan (Oct13) Infrastructure for Business

  9. Skills ManifestoLaunched in November 2013Our mission – leading by example, together with employers and educators, to provide world-class skills delivery, communication, mentoring, learning and apprenticeship schemesBuilds on City Deals and sets out our targets for 2020 and our commitments for 2014Significant investment planned Skills

  10. Strategic Economic Plan to be published later in 20142014 - 2020 EU Funding (ERDF/ESF and some EAFRD) to be delivered through the LEPWorking with partners to identify future business needsDevelop new programmes with partners to address needBusiness Roadshow - 50 locations in Norfolk and Suffolk Future Activity

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