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EUROPEAN STRUCTURAL AND INVESTMENT FUNDS 2014-20 Ely, 28 February 2014

EUROPEAN STRUCTURAL AND INVESTMENT FUNDS 2014-20 Ely, 28 February 2014. The GCGP area. The LEP Team …. … and you!. Our EU Funding Priorities. LEP Prize Challenge. £1m fund for Voluntary and Social Enterprise led projects Getting people job ready (1,000) and into work (250)

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EUROPEAN STRUCTURAL AND INVESTMENT FUNDS 2014-20 Ely, 28 February 2014

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  1. EUROPEAN STRUCTURAL AND INVESTMENT FUNDS 2014-20Ely, 28 February 2014

  2. The GCGP area

  3. The LEP Team … … and you!

  4. Our EU Funding Priorities

  5. LEP Prize Challenge • £1m fund for Voluntary and Social Enterprise led projects • Getting people job ready (1,000) and into work (250) • Eight winners in the 1st round

  6. Headlines • Approximately £72m EU allocation for 2014-2020 (ERDF, ESF, EAFRD) • SupportsStrategic Economic Plan priorities • Investment priorities based on LEP priorities and stakeholder consultation • Project activity to be locally compliant • Multi-partner approach • Awaiting Government feedback

  7. LEP role in European Funding • LEPs responsible for prioritising spend locally • 20% of European Social Fund to tackle social inclusion and combat poverty • GCGP to facilitate proposals for local projects • Public and private sector match funding required • Social inclusion match funding through Big Lottery opt-in model and Civil Society

  8. Funding overview ERDF – Innovation, ICT, SME Competitiveness, Low Carbon Economy ESF – Skills, Employability, Social Inclusion EAFRD – for complementary provision in rural areas

  9. Social Inclusion Funding • £3.46m ESF through BIG - £6.92m total with match • £1.5m ESF through Civil Society - £3m with match • Targeted at those furthest from the labour market, education or training • Locally prioritised and designed • Expectation of significant VCSE engagement • Bidding and delivery mechanism to be agreed • Plus £1.5m (£3m) through CLLD

  10. Outputs and Results • ≈ 5,500 businesses supported • ≈ 200 start-up businesses supported • ≈ 8,000 new jobs created • ≈ 10,000 participants in skills and training • ≈ 5,000 young people supported

  11. Michael BarnesProgramme Managermichael.barnes@gcgp.co.uk01223 967009@YourLEPEU Investment Strategy available atwww.gcgp.co.uk

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