government’s perspective on growth
DESCRIPTION
Government’s Perspective on Growth. Rowena Limb Area Director, BIS East & South East Midlands. BIS Local – EM and SEM. BIS decision to have place based contacts BIS Local is a network of six teams across England to: Realise ec.opportunities Influence policy using local knowledge - PowerPoint PPT PresentationTRANSCRIPT
Government’s Perspective on Growth
Rowena LimbArea Director, BIS East & South East Midlands
BIS Local – EM and SEM• BIS decision to have place
based contacts • BIS Local is a network of
six teams across England to: – Realise ec.opportunities – Influence policy using
local knowledge– Respond to ec shocks – Support Ministers
Programme for Government - May 2010
Banking
Tax
Credit Flow
Reduce Red Tape
Boost enterprise
Grow exports
Four aims of Government on Growth
• To create the most competitive tax system in the G20
• To make the UK the best place in Europe to start, finance and grow a business
• To encourage investment and exports as a route to a more balanced economy; and
• To create a more educated workforce that is the most flexible in Europe.
What are we doing? Part 1 - TaxCompetitive tax rate
• Corporation Tax• R&D credits
Part 2: Businesses
• Reduce Red Tape• Fairer employment rights• Support small business procurement• Access to Finance schemes
Part 3: Investment and Export
Part 4: Educated and Flexible Workforce
Government action – more than 1 place
EOPApprenticeshipsRGF & AMSCITSB & CatapultGrowth AcceleratorUKTIMAS
MML electrificationECML improvementsLTBsPinch PointLSTF
Rural Growth NetworksFlood Defences
Enterprise Zones Growing Places FundNew Homes Bonus CILCoastal Communities FundBusiness rate retention
City DealsWhat Works CentresSocial EnterpriseLEPs
European Funding
What’s next?
LEP strategiesSingle Pot?
Industrial StrategyBusiness BankEuro Funds 2014+
Budget: 20th March 2013
City Deal Wave 2
Landscape Changes• 1997 - Regional Development Agencies
• 2010 - Decision to abolish of RDAs• (Total budget of £1.8 bn in 2010/11)
• 2010 - First Local Enterprise Partnerships established
What is a LEP?• Voluntary partnership of public and private sector
• Private sector led Board
• Cover a functional economic area
• Purpose to help determine local economic priorities and lead economic growth and job creation within its local area.
What do they do?• Local determination initially• Strategic Growth Plan to set priorities• Now some public funds – GPF• RGF programmes to deliver• Role in City Deals• European Funding model proposes LEP
allocations• Influence skills and transport policy
Landscape LAs LEPsSFA / NAS
GA / MAS
UKTI
HCA
Environment Agency
MMO
TSB
MODDWP / JCP
HA
Natural England
English Heritage
HMRC
Businesses
Business Organisations
Social Enterprise Banks
Investors
Utilities
FE
HE
BIS
DCLG
TUS
Civic Society
Trade Associations
SSCs
HMT
Contacts
Business Support and Innovation: [email protected], LLEP: [email protected] D2N2, Lincolnshire: [email protected]
Northamptonshire, SEMLEP: [email protected] Rutland: [email protected]