Issue - items at meetings - Coast to Capital Local Enterprise Partnership. Draft Strategic Economic Plan

Presentation by Ian Parkes of the Local Enterprise Partnership.

8.1       A presentation was given by Ian Parkes of the Local Enterprise Partnership (LEP).

8.2       Mr Parkes explained that the Coast to Capital LEP had set out to determine what was distinct different and unique about the area, where most jobs would be created, how it could support businesses, how it could support its people and entrepreneurs and what enabling structure was needed and have done so, potential funding streams which were available to carry forward and support this work.

8.3       Mr Parkes went on to detail the six year ambition of the Partnership not all of which could be picked up Central Government included:

·         £145m public & HE investment;

·         £1.3bn private sector investment;

·         £211m Local Growth Funding;

·         £1.6bn programme over six years;

·         Plus a share of £400m on generic business, workforce and digital investment.

It was anticipated that this would result in 20,000 jobs, 11,000 homes and 495,000 sqm of employment space.

8.4       The process and timetable for delivery were set out as were the challenges that lay ahead in seeking to deliver these outcomes, the structures which would ensure that partners connected and the next steps proposed in order to develop a plan to implement these goals and ultimately to establish a stronger funding pipeline.

8.5       RESOLVED – That the contents of the presentation be received and noted.