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Welfare to Work UK Convention

Welfare to Work UK Convention. David Frost CBE Chairman – LEP Network. Localism. Much of my working life on this Agenda Chambers of Commerce – defined by LEPs Latest in a string of initiatives to encourage local growth: LENs/ TECs/CCTEs/City Challenge/ RDAs

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Welfare to Work UK Convention

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  1. Welfare to WorkUK Convention David Frost CBE Chairman – LEP Network

  2. Localism • Much of my working life on this Agenda • Chambers of Commerce – defined by • LEPs • Latest in a string of initiatives to encourage local growth: LENs/ TECs/CCTEs/City Challenge/ RDAs • Real Localism – or local initiatives signed off by Whitehall and accountable to them?

  3. What are LEPs for • Many of the Barriers to growth are local in nature: Infrastructure Links/ frustration with Planning and development control/ regulatory action/ skills and employability • LEPs are the focal point of engagement between business and local authorities on the practical measures needed to build successful local economies

  4. Common Themes across LEPs • A real passion for economic development • A desire to make each LEP area the “best place to do business” • An understanding of the significant socio-economic problems that are faced in many local economies • That these problems need joined up action, at the heart of which is strong and real partnership between the private and public sector • They are not replacements for RDAs • Strengths: Common Vision/ Shared Priorities/Influence

  5. My view of what LEPs need to do and are doing • A realistic assessment of the area: • Competitive advantage • What are the key 200+/- companies and other bodies that are driving the economy – a thorough understanding of their dynamics • How do they see their future over the next 5 years • What are the local barriers to growth • What can a LEP realistically do to drive the economy? • A sectoral focus

  6. Heseltine – The game changer • LEPs set up 2 years ago and were ticking along • Oct 12 – “No stone unturned” • Many recommendations placing LEPs centre stage, but key: • LEPs to lead the development of a long term strategy and business plan for their area – to be used to bid for economic growth funds • This was confirmed when Ministers wrote to LEP Chairs following the Autumn Statement.

  7. The Single Pot – The Single Local Growth Fund • Announced in late June • £2bn for 2015/16 – A reasonable start • Capital £1.45bn • Guidance now being developed • How much allocated by formula vs competition • How much central clarity vs guidance in developing the Local Growth Deal

  8. Localism • Hopefully we are on the cusp of a real change, an understanding that Central Government cannot do everything • The SLGF is a real start • Let local initiatives flourish – some LEPs may fail • LEPs will have to show Accountability/ Visibility and that they can make a real difference • Skills and employability are at the heart of their agenda • Get involved!

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