D2N2 Strategy, Innovation & Business Support · D2N2 Growth Hub Model Core Service • Available to...
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Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds Growth Programme D2N2 Strategy, Innovation & Business Support Lindsay Wetton, Senior Programme Manager SMMT – Regional Forum 10 October 2018 [email protected]
Transcript of D2N2 Strategy, Innovation & Business Support · D2N2 Growth Hub Model Core Service • Available to...
Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds
Growth Programme
D2N2 Strategy, Innovation &
Business Support
Lindsay Wetton, Senior Programme Manager
SMMT – Regional Forum
10 October 2018
D2N2 Local Enterprise Partnership
D2N2 LEP AreaOverview
D2N2 LEP AreaOverview
• Area: 4,784 sq. km 12
• Population: 2,196,100 5• Working age population: 1,358,100 5 • GVA: £45.4bn 9• Exports (goods): £11.7bn 4
• Local Authorities: 19 3• LGF allocation: £257.49 15• ESIF allocation: €249m 8
Rank
Sector Strengths(Science & Innovation Audit)
Highlights
Motor vehicle industry in the context of D2N2 manufacturing
The Economy
• £583M in 2016. 15% growth since 2010. At least 55 companies.(excl. supply chain)
D2N2 analysis of ONS and Companies House data
Automotive industry compared to other Midlands Engine LEPsMain
Challenges
• Cambridge Econometrics estimate that D2N2 auto industry will grow by 47% by 2030 to become the largest across Midlands Engine
D2N2 analysis of Cambridge Econometrics data
Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds
Growth Programme
Capacity
Capability
Connectivity The Midlands: Opportunities in
Automotive
Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds
Growth Programme
D2N2 & the East
Midlands is in a central
location to capitalise on
the significant supply
chain opportunities
Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds
Growth Programme
Current D2N2 Strategic Economic
Plan
2014 - 2023
Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds
Growth Programme
Why review the Strategic Economic
Plan (SEP)?
• Changes to the D2N2 economy• Productivity
• Inclusive Growth
• Changes to the potential future economic trajectory• BREXIT
• Changes to regional and national Government policy• Industrial Strategy – A ‘Local Industrial Strategy’ by March 2020
• Midlands Engine
• ‘The UK Shared Prosperity Fund’
Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds
Growth Programme
Themes of the D2N2 SEP
to 2030
D2N2 bridging local, regional and national growth plans…
UK Industrial Strategy
People
Midlands Engine Vision for Growth
D2N2 Economic Plan / Local Industrial Strategy
Local Growth Plans
Neighbouring LEP areas
Infrastructure Business
Skills & Knowledge for the Future
Ideas
Quality of PlaceGrowing & Productive Businesses
Places
Connect the Midlands
Shape Great Places
Increase Innovation & Enterprise
Invest in Strategic Infrastructure
Grow International Trade & Investment
Northern Powerhouse
County, City and Districts levelsThrough economic linkages, including East
Midlands Alliance and Metro Strategy
Innovation
Skills Challenges
Apprenticeships could offer solutions where skills shortages are acute
31% of L3 vacancies difficult to fill due to skills shortages
19 % of L2 vacancies difficult to fill (predominantly in sales and customer service)
Higher Education issues
Only 31% of graduates from D2N2 HE institutions stay in the area to work
Supported by the European Regional Development Fund as part of the 2014-2020 European Structural and Investment Funds
Growth Programme
What are ESIF? - Current
funding to support businesses
ESIF are the EC’s primary mechanism for reducing social and
economic disparities. These funds comprise the following elements:
European Regional Development Fund (ERDF) £98m
Supporting business, particularly SMEs , innovation,
business development, ICT, low carbon etc.
European Social Fund (ESF) £93m
Supporting people and business with employment and
skills, enhancing access to employment and social
inclusion
European Agricultural Fund for Rural Development (EAFRD)
£5.5m (closed 31 May 2018)
Supports economic development in our rural areas
Here to help
your
business grow
What are Growth Hubs?A national initiative – 38 Growth Hubs nationwide – one for each Local Enterprise Partnership (LEP)
D2N2 = Derby, Derbyshire, Nottingham and Nottinghamshire
The Growth Hub is:
• A ‘portal’ for all business support enquiries
• A local, highly knowledgeable and impartial source for advice and support to grow your business
D2N2 Growth Hub ModelCore Service
• Available to all SMEs in D2N2• Support via website, enquiry line, events programme
Enhanced Local Service• Available in local authority areas where match funding
has been allocated (Nottingham City, Nottinghamshire, Derbyshire, Chesterfield, Derbyshire Dales)
• Local account managers deliver Information, Diagnostic and Brokerage service
How it Works
• Communicate benefits of Business Support
Information
• Impartial & KnowledgeableDiagnostic &
Referral
• Understanding business needs and filling the ‘gaps’
IntelligenceGathering
D2
N2
Gro
wth
Hu
b
GR
OW
ING
YOU
R B
USIN
ESS
What’s on offer Funding for GrowthGrant and Loan Schemes
UniversitiesWorkshops, Networks, Graduate Placements
Innovation SupportInnovate UK, Universities
Export/Overseas TendersDIT, EEN
E-commerceDigital adoption and exploitation
Sector Specific SupportDirect support from subject matter experts
Skills SupportAssistance with Recruitment and Training
Start Up SupportLocal Enterprise Agencies, Princes Trust
Networks and EventsConnecting the business community
FREE or
HeavilySubsidised
Energy EfficiencyDirect support from subject matter experts
Scale Up Support Platinum service for high-growth companies
• For ambitious companies as well as high growth ‘scale-ups’• Leadership & Management• Routes to Market• Investment Readiness
• Coaching / Workshops / Peer to Peer learning
Client Success – 6,800 Clients So Far
80% Rated our service Excellent or Good
87% Would recommend us to another business
Positive action taken as a result of their interaction with the Growth Hub57%
The Future – Growth Hub 2• Seeking ERDF Funding 2019 – 2022 • Continue existing delivery, PLUS:
Specialist Adviser Support Flexible Grant Scheme (£2-25k grants for consultancy or kit & equipment)
• Retain primary role as an independent advisory service• Aim to build upon our track record to support our businesses
How to contact us
• Contact information:- Business Helpline: 0333 006 9178- Email: [email protected]
• Website: www.d2n2growthhub.co.uk• Newsletter: sign up through website
@d2n2growthhub d2n2growthhub
