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The Leeds City Region Local Enterprise Partnership Business Breakfast Shay Stadium, Halifax 21 January 2011. www.leedscityregion.gov.uk. Local Enterprise Partnerships. The Leeds City Region: Economic Engine of the North. 95% self-contained 3m population 100,000+ businesses
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The Leeds City Region Local Enterprise Partnership Business BreakfastShay Stadium, Halifax21 January 2011 www.leedscityregion.gov.uk
The Leeds City Region: Economic Engine of the North 95% self-contained 3m population 100,000+ businesses £51 billion economy 5% of UK GVA The functional economic area in which businesses operate, and people live their day-to-day lives
Leeds City Region Local Enterprise Partnership The Local Enterprise Partnership will support job creation and business growth across the city region, ensuring that the city region becomes the world-leading, globally competitivenatural investment alternative to London.
The Shadow LEP Board 1 private sector chair (Neil McLean) 7 private sector members (TBC) 7 local authority members (TBC)
Achieving the vision How? • Devolved funding • Collaborative working What will it do? • Ensure the tools in place to support businesses to grow • Innovation, Enterprise & Economy • Jobs and skills • Create the environment for growth • Housing & regeneration • Transport • Low carbon economy • Integrated investment planning
LCR Local Enterprise PartnershipKey Proposals • Greater devolution of Transport powers & funding • Control over mainstream funding in housing • Financial borrowing capability – Asset Mngt, ADZs, LCR ‘Bank’ • City region-wide investment / spatial planning • An integrated business support, innovation inward investment, skills prioritisation—including Regional Growth Hub model
The bigger picture LCR Integrated Strategy The WHAT and WHERE The vision, priorities, objectives building on existing strategies/refreshed vision LCR Local Enterprise Partnership The HOW Governance for delivery Coordination of Investment including Regional Growth Fund, JESSICA, ADZ, ERDF, and devolved funding streams The MONEY The funding for delivery
Regional Growth Fund • £1.4bn over three years • A challenge fund about • Rebalancing the economy • Creating private sector jobs • Projects need to be private sector led or a private public partnership • Round 1: closing date 21 Jan; Round 2: to be confirmed • LCR Partnership/LEP working with partners to develop bids for Rd 1; programmes for Rd 2
Get involved Sign up for our businesse-bulletin Web:www.leedscityregion.gov.uk Email: lcr@leedscityregion.gov.uk Join the debate at Linked In: Leeds City Region; Leeds City Region Innovation Capital Get involved in a working group/event