Leicester and Leicestershire’s 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 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
We must address the immediate and growing risk of constrained SME growth and disengaged communities We have lost... Our SMEs... Our focus... 25,000 70% 6.5% jobs Youth SMEs unemployment have growth 8% NEET plans but ������� need help 94 ��������� “Nearly twice the national “Over 25% of businesses report “NEET figures are twice the average” fragmented support ” national average (city)” 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 �����������
From January 2014, we will support 8,000 people into learning and work starting with the ‘hardly reached’ Proposition: Employment Gateway Solution: � 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) 95 Offers: Asks: � � £6.8m public sector investment £5.56m to fund Employment � Scale up of existing programmes Gateway for 5 years � Alignment with EU SIF � Better information sharing e.g. from � Commitment from local partners DWP to help follow up and to evaluate impact properly Having prepared young and disadvantaged communities we will then connect people directly to the new jobs created through a business support gateway �����������
From January 2014, we will establish integrated business support and start financing business growth linked to targeted job creation Proposition: Business Support Gateway Solution: � 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 96 Offers: Asks: � � Co-designed service with local £10m RGF 4 – flexible use to business support growth hub � � £53m private sector leverage £2m from RGF4 Lancaster pot � Increased take up of national programmes So, we will support 8,000 people and support one in four businesses to grow and take on the equivalent of one person each �����������
All local partners are confident that the solutions will work and the evidence- based outcomes are realistic � � 750 direct NEW jobs 4,000 NEW through hub grants over 3 apprenticeships, years traineeships and work placement opportunities � £53m private sector by 2019 leverage � 50% reduction in youth � Higher take up of national unemployment by 2019 business support 97 � programmes At least 50% reduction in NEET by 2017 � 200 direct NEW jobs Estimated savings to the state of � through growth £61m per year 750 FFLM into work by programme activity 2019 � � 150 new jobs in 2 years and 200 Ex-offenders into £58m increased GVA from employment by 2019 £61m capital grant annual Help us transform communities in Leicester and Leicestershire by addressing the more difficult and hardly reached economic challenges �����������
Supporting slides Questions? Further supporting information for 98 discussion
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, “We are working hard to create a thriving and prosperous local economy in county and district councils work cross borders and take the lead Leicester and Leicestershire, and as such are wholeheartedly behind the City in our own economy.” Deal process. We believe it will create a substantial boost for the local Cllr Nick Rushton, Leader of Leicestershire County Council. economy and employment across the City and County, and are working collaboratively with all public and private sector partners to ensure that the outputs of the City Deal meet our collective local priorities.” Sir Peter Soulsby, City Mayor 99 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.” “I speak for all three of the universities in fully supporting the LUSEP. It Blake Pain, Leader, Harborough District Council 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 “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 “Moving forward, I see our organisation working hand-in-hand city deal will give us the vital help to address the skills gap in with the LLEP so that we offer a comprehensive support hub for the area and improve access to learning and education.” business” Marion Plant, OBE, Principal, North Warwickshire and Hinckley Tim Watt, Chair of Leicester Shire Business Council. College and South Leicestershire College. ��������������������
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 100 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) ��������������������
Leicester Waterside – HCA Land 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 101 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 ��������������������
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