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

Agenda Item 8 Page 1

Overview 1. The Sheffield City Region’s 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 3 3

The Sheffield City Region was awarded a £324m Growth Deal from Government Page 4 4

The SCR LEP / CA will be a significant spending body of devolved funds from 2015 100 90 80 Allocation from Government (£m) 70 60 Page 5 50 40 30 20 10 0 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 Year SCRIF Sustainable Transport Exemplar (LSTF) Skills capital Extending RGF Skills Bank Growth Hub Housing 5

The SCR’s Growth Deal was the fifth largest, drew powers from Government and unlocks significant wider investment and benefits Page 6 6

1. The Sheffield City Region’s Strategic Economic Plan and Growth Deal Page 7 2. The Sheffield City Region Devolution Deal 3. Next Steps in Delivering our Deals 7

Our Devolution Deal draws down powers from Whitehall to the SCR Combined Authority Page 8 8

Key Features of the SCR Devolution Deal A single, integrated skills and An improved bus offer employment system Page 9 A public assets board A devolved business support offer 9

1. The Sheffield City Region’s Strategic Economic Plan and Growth Deal Page 10 2. The Sheffield City Region Devolution Deal 3. Next Steps in Delivering our Deals 10

The key challenge for the SCR now is to deliver on its Deals and realise the vision of our Plan Page 11 11

Page 12 The Sheffield City Region Growth Hub 12

Access to finance is a critical 'spoke' of the hub Product development 1 � Market assessment (SME finance and development funding) � JEREMIE / JESSICA � Leadership RGF � through and Other – evidence based. Page 13 A2F A2F advisory Better alignment of these products board 2 � ‘Centre of expertise’ (Chaired by � Impartial brokerage and ‘blended’ LEP Board deals Member). � Investment readiness support � Engagement of key national and local ‘players’ � Better value for public investment. 13

Skills and Employability Four key workstreams: Page 14 � Skills Bank � Skills Capital � Progress to Work � Learn to Work / SCR Education Challenge Plus existing initiatives SCR Ambition and Skills Made Easy 14

Page 15 Economic Infrastructure – SCRIF 15

Accelerating Housing Growth in the SCR Page 16 � 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. 16

Strong Public and Private Governance Page 17 17

Thanks for listening and any questions Page 18 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 18