Jason MiddletonBusiness Growth Manager

An Introduction to New Anglia

Local Enterprise Partnership

One of thirty nine LEP’s across England

Formed as a ‘not for profit’ company in 2011

Covers the whole of Norfolk and Suffolk

Aim, to grow and develop the economy through businesses growth and job creation

Development and delivery of activity with partners

About New Anglia LEP

Business Growth Programme – Jason Middleton

£3.9m of business support in Norfolk and Suffolk:-

Nine ‘face-to-face’ businesses advisors

A website and telephone helpline providing advice

Grants from £5k to £25k to help businesses grow

Specialist innovation support and advice

Innovation support from UEA, UCS and NUA

A LEP wide Businesses Start-up programme

Support for Business

Growing Business Fund

£12m to help SME’s grow, develop and create jobs across Suffolk & Norfolk

21 grants awarded to date totalling over £2.1m, levering in £18.4m of private match funding.

Grants awarded to date forecasted to create 394 new full time jobs over the next 2 years.

Over 290 enquiries & applications from all areas of Norfolk & Suffolk.

Finance for Business

Grants4Growth

£11m ‘invest to grow’ Government funding providing capital and revenue grants to SMEs. Includes 1-2-1 support for completing grant applications

New Anglia leading the way with 36 grants settled and 25 more in the pipeline

Around £280,000 already awarded in grant settlements, with further £230,000 in grants in the pipeline. Over £2.4m of private sector investment already committed across New Anglia

New element: ‘Energy 500+’ Grants of up to £1K for SMEs to install energy efficiency measures

Finance for Business

Agri-tech Fund £2.5m

Working with the GCGP LEP and available across Norfolk and Suffolk the scheme has 2 elements: -

£2m Agri-Tech Growth FundGrants between £25,000 and £150,000 to support improvements in agricultural productivity.

£500,000 of investment to support the development of an Eastern Agri-Tech Centre

Finance for Business

Enterprise Zone

Six sites in Great Yarmouth & Lowestoft promoting & supporting investment in the energy sector by offering business rate discount, superfast Broadband & relaxed planning regulations.

Since award of EZ status (01.04.12) 8 businesses have moved in creating 263 jobs to date.

The EZ has had c£9m worth of private capital investment from business and partners.

By 2015 we envisage exceeding the original job forecast of 1380 by approx 35%.

Infrastructure for Business

Growing Places Fund

£18m Recyclable Capital Infrastructure Fund

Projects approved so far in Norwich, North Norfolk, Ipswich, Kings Lynn & West Norfolk, St Edmundsbury, Forest Heath, Suffolk Coastal

Small Loans Fund open to new applications requesting less than £500k, 12-18 month repayment period

Haverhill Research Park first project to be funded (Nov12) and repay its loan (Oct13)

Infrastructure for Business

Skills Manifesto

Launched in November 2013

Our mission – leading by example, together with employers and educators, to provide world-class skills delivery, communication, mentoring, learning and apprenticeship schemes

Builds on City Deals and sets out our targets for 2020 and our commitments for 2014

Significant investment planned

Skills

Strategic Economic Plan to be published later in 2014

2014 - 2020 EU Funding (ERDF/ESF and some EAFRD) to be delivered through the LEP

Working with partners to identify future business needs

Develop new programmes with partners to address need

Business Roadshow - 50 locations in Norfolk and Suffolk

Future Activity