LONDON ENTERPRISE PANEL

1. LONDON ENTERPRISE PANEL May 2012 Grant Hearn, Chief Executive Officer, Travelodge Chair, Skills and Employment Working Group

2. London Enterprise Panel • Skills and Employment Working Group • Remit • Make up • Work programme • London Skills and Employment plan

3. The London Enterprise Panel • Background: • October 2010, the Government invited the Mayor, London boroughs and business leaders to consider the case a London enterprise partnership. • February 2011: approval for one partnership covering all of Greater London • 2012 , the Mayor approved the London Enterprise Panel, including a Constitution, its remit and membership. • Second meeting of the group took place earlier today - 29th May.

4. The Members • Boris Johnson, Mayor of London (co-Chair) • Harvey McGrath, Chairman of Prudential plc (co-Chair) • William Castell, Chairman Wellcome Trust • Grant Hearn, Chief Exective Officer, Travelodge • Nick Turner, Managing Director, Nomura • Jack Morris, Chairman of Business Design Centre Group • Stephen Howard, Chief Executive, Business in the Community • Sue Terpilowski, Chairman London Policy Unit at Federation of Small Businesses • Councillor Chris Roberts, Leader, Royal Borough of Greenwich • Councillor Steve Reed, Leader, London Borough of Lambeth • Councillor Michael White, Leader, London Borough of Havering • Kit Malthouse, the Deputy Mayor for Regeneration, Growth and Enterprise (ex-officio member)

5. The Panel’s Role • The Panel’s role is to advise the Mayor on actions to: • Provide strategic investment to support private sector growth and employment in London; • Promote enterprise and innovation; • Promote the acquisition of skills for sustained employment in London; and • Protect and enhance London’s competitiveness. • All papers and terms of reference for the Panel can be found here: • http://www.london.gov.uk/business-economy/working-partnership/lep

6. The Panel’s Role:Advise the Mayor on actions to provide strategic investment to support private sector growth and employment in London • Bids for other LEP funding streams announced by Government • Growing Places Fund • City Skills Funding • Business rate uplift in the Enterprise Zone/s in London • Royal Docks Enterprise Zone – confirmed • Battersea Enterprise Zone – not yet confirmed

7. The Panel’s Role: Advise the Mayor on actions to promote enterprise and innovation in London • Government funding and programmes to support SMEs has been nationalised and is directly managed by BIS - Solutions for Business (SfB), encompassing 13 products and services for SMEs, including: • Business Coach for Growth (BCG) - aims to support start ups and high growth SMEs to address barriers to growth and support them to grow more rapidly. • Assistance in negotiating the Mayor’s European Regional Development Fund (ERDF) allocations • Advising the Mayor on all other actions to promote enterprise and innovation, and to support competitiveness, using board’s wider experience

8. The Panel’s Role:Advising the Mayor on actions to promote the acquisition of skills for sustained employment in London • Skills and Employment Working Group – LEP’s only statutory working group • Purpose: • work to equip Londoners with the skills to enable them to compete for London’s jobs and to increase the number of Londoners in employment. • All agendas, minutes and public papers relating to the group can be found on the GLA website

9. London’s employment rate has lagged the UK’s for more than 20 years… Source: Office for National Statistics

10. Skills Levels and Unemployment…

11. Significant disparities across London Employment rate by Borough Proportion of working age population with no qualifications

12. Working group • Terms of reference • Championing skills in London and to propose priorities for skills training; • Make recommendations to the London Enterprise Panel on issues relating to skills and employment in London, including: • improving efficiency and effectiveness of existing skills and employment in the capital • Make recommendations to Government on behalf of business, the Mayor and boroughs on issues related to skills and employment

13. Working group • Chair: Grant Hearn, • Vice-Chair: Jack Morris, Chairman of Business Design Centre Group • Members: • Emma Stuart - Women Like us on behalf of LVSC • Ian Ashman – Chair, London Association of Colleges • Ian Mulheirn - Social Market Foundation • Nigel Carrington – Rector, University of the Arts • Cllr Steve Reed - London Councils • Roy O'Shaughnessy – Chief Executive, CDG & Work Programme • Sue Terpilowski, Chairman London Policy Unit at Federation of Small Businesses • John-Paul Marks – JCP • London First (TBC)

14. Skills & Employment priorities indentified so far Increasing levels of employer engagement Enhancing user pathway and support Leveraging the data to develop the London Skills & Employment Observatory Providing the right skills for the right jobs

15. Supporting the priorities • The core aim is to support the development, publication and implementation of a Skills & Employment Plan for London as well as ensuring that the Plan is kept up to date. • The Plan must outline the London Enterprise Panel’s key priorities over the next, 2, 3 and 5 years. • £500k, matched • The Fund will be spent in 5 key areas to support the development of the Plan: • Robust Evidence Base for London – using the LSEO • Research, leading to implementation and models of delivery to support London to improve the efficiency & effectiveness of its skills & employment activity • Community responsiveness tool/ Mechanism • Employer Campaign (also focusing on SME’s & Apprenticeships) • Communication & Engagement of stakeholders

16. In summary • By March 2013 • A Skills and Employment plan setting out the vision to 2015 to increase the number of Londoners in employment / apprenticeships

17. Travelodge • Represented on both the LEP & Skills and Employment Working Group