CONNECTING BUSINESS AND SUPPORTING 93 Supporting Proposals PEOPLE - - PowerPoint PPT Presentation

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CONNECTING BUSINESS AND SUPPORTING 93 Supporting Proposals PEOPLE - - PowerPoint PPT Presentation

Mar 29, 2024 278 likes •399 views

Leicester and Leicestershires City Deal Flagship Proposal CONNECTING BUSINESS AND SUPPORTING 93 Supporting Proposals PEOPLE INTO WORK Loughborough University Science and Enterprise Park (LUSEP) Leicester Waterside Regeneration Our City

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CONNECTING BUSINESS AND SUPPORTING PEOPLE INTO WORK

Our City Deal will deliver £61m savings per year to the state, 4,000 new apprenticeships, over 1,000 new jobs and support 8,000 people into employment, education and training

Loughborough University Science and Enterprise Park (LUSEP) Leicester Waterside Regeneration

Leicester and Leicestershire’s City Deal

Flagship Proposal Supporting Proposals

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SLIDE 2
  • We must address the immediate and growing risk of constrained SME growth

and disengaged communities

Our city deal solution will bring together the benefit of a “Gateway to work” and an “integrated business support service” to address the scale of skills/jobs mismatch We have lost...

25,000

jobs

  • “Nearly twice the national

average”

Our SMEs...

70% SMEs

have growth plans but need help

“Over 25% of businesses report fragmented support ”

Our focus...

6.5%

Youth unemployment

8% NEET

“NEET figures are twice the national average (city)”

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  • From January 2014, we will support 8,000 people into learning and work

starting with the ‘hardly reached’

Proposition: Employment Gateway Solution: Offers: Asks: Having prepared young and disadvantaged communities we will then connect people directly to the new jobs created through a business support gateway

  • Triage, early intervention, fast track & follow up service
  • Our Pledge – all 16 to 24 to be ‘earning or learning’
  • Stimulate apprenticeship demand in key sectors
  • 4,000 apprenticeships and traineeships
  • Focus on young people, those furthest from the labour

market (Troubled Families and Offenders)

  • £6.8m public sector investment
  • Scale up of existing programmes
  • Alignment with EU SIF
  • Commitment from local partners
  • £5.56m to fund Employment

Gateway for 5 years

  • Better information sharing e.g. from

DWP to help follow up and to evaluate impact properly 95

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SLIDE 4
  • Proposition: Business Support Gateway

Solution:

From January 2014, we will establish integrated business support and start financing business growth linked to targeted job creation

Offers: Asks: So, we will support 8,000 people and support one in four businesses to grow and take

  • n the equivalent of one person each
  • Business friendly sign-posting service for all our

businesses

  • Key account management for up to 32,000 SMEs
  • Channel to local grant programmes of over £25m to

local SMEs

  • Integration of HE support to business
  • Co-designed service with local

business

  • £53m private sector leverage
  • Increased take up of national

programmes

  • £10m RGF 4 – flexible use to

support growth hub

  • £2m from RGF4 Lancaster pot

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SLIDE 5
  • All local partners are confident that the solutions will work and the evidence-

based outcomes are realistic

  • 4,000 NEW

apprenticeships, traineeships and work placement opportunities by 2019

  • 50% reduction in youth

unemployment by 2019

  • At least 50% reduction in

NEET by 2017

  • 750 FFLM into work by

2019

  • 200 Ex-offenders into

employment by 2019

  • 750 direct NEW jobs

through hub grants over 3 years

  • £53m private sector

leverage

  • Higher take up of national

business support programmes

  • 200 direct NEW jobs

through growth programme activity

  • 150 new jobs in 2 years and

£58m increased GVA from capital grant

Help us transform communities in Leicester and Leicestershire by addressing the more difficult and hardly reached economic challenges

Estimated savings to the state of £61m per year

£61m

annual

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SLIDE 6

Supporting slides

Questions?

Further supporting information for discussion

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SLIDE 7

All local partners are signed up to the city deal outcomes and partnership approach including...

  • “I’m urging the Government to back our bid and let the city,

county and district councils work cross borders and take the lead in our own economy.”

Cllr Nick Rushton, Leader of Leicestershire County Council.

“I speak for all three of the universities in fully supporting the LUSEP. It will have a very significant impact on the Leicester and Leicestershire economy, and we will be fully involved in making it a success.” Professor Robert Allison, Vice-Chancellor Loughborough University “Moving forward, I see our organisation working hand-in-hand with the LLEP so that we offer a comprehensive support hub for business” Tim Watt, Chair of Leicester Shire Business Council. “We are working hard to create a thriving and prosperous local economy in Leicester and Leicestershire, and as such are wholeheartedly behind the City Deal process. We believe it will create a substantial boost for the local economy and employment across the City and County, and are working collaboratively with all public and private sector partners to ensure that the

  • utputs of the City Deal meet our collective local priorities.”

Sir Peter Soulsby, City Mayor “The skills agenda is a priority for the Leicester area. Our FE colleges have a strong track record of collaboration and our work is closely aligned with the LLEP. We recognise that the city deal will give us the vital help to address the skills gap in the area and improve access to learning and education.” Marion Plant, OBE, Principal, North Warwickshire and Hinckley College and South Leicestershire College. I unreservedly support the City Deal and feel that collaborative working with our partners is the key to realising the potential that can be achieved for our local economy. The City deal will enable us to maximise prosperity and growth opportunities.” Blake Pain, Leader, Harborough District Council

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Loughborough University Science and Enterprise Park (LUSEP)

  • Proposition

Internationally significant centre for knowledge based employment. Offers £5.4m of local investment from Loughborough University, Leicestershire County Council and Charnwood Borough Council Local procurement to deliver significant construction jobs and apprenticeship opportunities Asks Capital investment of £2m towards the LUSEP programme On-going cross departmental Government support for future phases of LUSEP Outcomes 4,000 additional jobs and private investment of up to £200M when fully completed Initial 3,000 sq m of employment space creating 150 new jobs in 2 years, 750 new jobs by 2020 and 2000 new jobs by 2025 In just five years additional GVA of more than £58M (based on a recent independent report on the economic impact of the University and LUSEP)

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SLIDE 9

Proposition

  • The City Council and HCA hold strategic assets

in the waterside and Pioneer Park areas

  • Both key areas for area based regeneration

Offer

  • The council will pump prime the development

through its own sites Asks

  • We would like to work with the HCA so that

land is managed collaboratively and strategically Outcomes across the area

  • 1000+ homes
  • 300,000 to 500,000 sq ft of employment space
  • 3,500 jobs
  • End value of development £100m for whole

area

  • Enhanced value to HCA

Leicester Waterside – HCA Land

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