Agenda Item 8 Page 1 Overview 1. The Sheffield City Regions - - PDF document

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Agenda Item 8 Page 1 Overview 1. The Sheffield City Regions - - PDF document

Agenda Item 8 Page 1 Overview 1. The Sheffield City Regions Strategic Economic Plan and Growth Deal Page 2 2. The Sheffield City Region Devolution Deal 3. Next Steps in Delivering our Deals 2 Our Strategic Economic Plan Proposals Page


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Agenda Item 8

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Overview

  • 1. The Sheffield City Region’s Strategic

Economic Plan and Growth Deal

  • 2. The Sheffield City Region Devolution Deal
  • 3. Next Steps in Delivering our Deals

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Our Strategic Economic Plan Proposals

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The Sheffield City Region was awarded a £324m Growth Deal from Government

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The SCR LEP / CA will be a significant spending body of devolved funds from 2015

10 20 30 40 50 60 70 80 90 100 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 Allocation from Government (£m) Year SCRIF Sustainable Transport Exemplar (LSTF) Skills capital Extending RGF Skills Bank Growth Hub Housing

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The SCR’s Growth Deal was the fifth largest, drew powers from Government and unlocks significant wider investment and benefits

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  • 1. The Sheffield City Region’s Strategic

Economic Plan and Growth Deal

  • 2. The Sheffield City Region Devolution Deal
  • 3. Next Steps in Delivering our Deals

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Our Devolution Deal draws down powers from Whitehall to the SCR Combined Authority

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Key Features of the SCR Devolution Deal

A single, integrated skills and employment system An improved bus offer A devolved business support offer A public assets board

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  • 1. The Sheffield City Region’s Strategic

Economic Plan and Growth Deal

  • 2. The Sheffield City Region Devolution Deal
  • 3. Next Steps in Delivering our Deals

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The key challenge for the SCR now is to deliver

  • n its Deals and realise the vision of our Plan

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The Sheffield City Region Growth Hub

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Access to finance is a critical 'spoke' of the hub

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Product development

  • Market assessment (SME finance

and development funding)

  • JEREMIE / JESSICA
  • RGF
  • Other – evidence based.

Better alignment of these products

  • ‘Centre of expertise’
  • Impartial brokerage and ‘blended’

deals

  • Investment readiness support
  • Engagement of key national and

local ‘players’

  • Better value for public investment.

A2F

Leadership through and A2F advisory board (Chaired by LEP Board Member).

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Skills and Employability

Four key workstreams:

  • Skills Bank
  • Skills Capital
  • Progress to Work
  • Learn to Work / SCR Education

Challenge Plus existing initiatives SCR Ambition and Skills Made Easy

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Economic Infrastructure – SCRIF

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Accelerating Housing Growth in the SCR

The SCR is seeking the tools to accelerate housing growth For example, three SCR bids were recently submitted for Housing Zones in Barnsley, Bassetlaw, and a joint Sheffield- Rotherham bid.

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Strong Public and Private Governance

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Thanks for listening and any questions

Councillor Sir Stephen Houghton CBE Leader Barnsley MBC & Combined Authority Chairman Ben Still, CEO Sheffield City Region Executive Team 0114 254 1334 / 1335 ben.still@sheffieldcityregion.org.uk

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