1

John Bell Senior Partner, CurvedThinking

Developing a South East EU Investment ProspectusVCO workshop 10 September 2013

EU Investment Prospectus

2

» EU Investment for 2014-20

» Smart, Sustainable Inclusive Growth (‘Europe 2020’)

» Focus is on delivering Growth and Jobs

» Indicative allocation of c£165 Million for SELEP area

» Additional £10-15 Million expected for rural development in due course

» To be closely integrated with Local Strategic Economic Growth Plan

3

Economic growth

Zone of Zone of social social ambiguityambiguity

4

1. Strengthening research, technological development and innovation;

2. Enhancing accessibility to and use and quality of information and communication technologies (ICT);

3. Enhancing the competitiveness of SMEs;4. Supporting the shift towards a low-carbon economy in all sectors;5. Promoting climate change adaptation and risk prevention;6. Protecting the environment and promoting the sustainable use of

resources;7. Promoting sustainable transport and removing bottlenecks in key

network infrastructures;8. Promoting employment and labour mobility;9. Promoting social inclusion and combating poverty;10.Investing in skills, education and lifelong learning;11.Enhancing institutional capacity and an efficient public

administration

EU thematic investment prioritiesVCO particular relevance

5

SELEP Priorities‘Innovation’ unifying theme

Technical / Technical / business business

innovationinnovation

Social Social InnovationInnovation

6

» Support for innovation and ‘growth hubs’: integrated business and SME support

» Linked targeting of SME competitiveness including access to finance

» Low Carbon – access to innovation funding; increasing efficiency and reducing costs; support for off-shore wind supply chain

» Skills strongly aligned to growth sectors

» Employment measures target entrepreneurship

» Employability and inclusion target coastal and estuarine communities

Broad SELEP strategy

Breakdown of allocation

7

SELEP Indicative Allocation Total: £165 MillionSELEP Indicative Allocation Total: £165 Million

»About half on European Social Fund type activities: £82.5m »Of which draft plan foresees:

˃ Employment/ employability £41.25m˃ Education, skills, LLL £24.75m˃ Social Inclusion (mandated) £16.5 m

»Half on European Regional Development Fund £82.5 »Of which:

˃ Innovation £37.125m˃ SME / Social enterprise competitiveness £28.875m˃ Low carbon (mandated) £16.5m

8

» Clear strategy integrated with wider plans, focused on growth and jobs

» Demonstrated consultation with stakeholders

» £ for £ match domestic funding, choice from variety of options or likelihood of local availability

» Consideration of use of ‘Financial Instruments’

» Quantified output projections

» Project pipeline by January including assessment of capacity to deliver

» Multi-sector governance structure

Key requirements

9

» Inclusion, including Big Lottery ‘opt-in’

» Community led local development (CLLD)

» Delivery models for employment measures, eg SFA, DWP, ‘independent’

» Role for social innovation / social enterprise / local impact fund

» Community Grants

» Contributions to growth

» Match funding

Particular issue for VCOs