More Loans To Business.
The LEP reviewed its Growing Places Infrastructure Fund to increase its risk profile to make loans more attractive to businesses in Swindon & Wiltshire. The LEP has loaned £1.2m to safeguard and support 200 jobs and has a loan target of £8m for 2018/19.
The LEP worked to secure commitment from over 150 schools, colleges and organisations to deliver a new LEP-led careers education strategy. This has achieved regional impact, improved outcomes for young people, and gained national recognition from careers policy makers
The LEP’s new Enterprise Zone is a vital stimulus for employment, aimed at facilitating 2,000 new jobs and attracting dozens of new businesses. It’s been developed in partnership with Dorset County Council, and Purbeck District Council, to rejuvenate the previously stalled site.
Greater Birmingham & Solihull LEP joint-funded a project with the Intellectual Property Office to embed intellectual property in the LEP’s innovation and business growth offering to GBS-based companies, focused on realising the value of their intellectual property as a catalyst for innovation and growth.
The LEP initiated plans for a Ceramic Park in partnership with the British Ceramic Confederation based in its Enterprise Zone. This will help develop globally competitive products in a UK sector worth £2bn in annual sales and will boost exports, currently worth £550m.
Royal Docks Development.
By transforming 6.9m sqft of commercial development within the Royal Docks, LEAP is realising a gross development value of £5.2bn. This includes an investment of £380m of LEAP funds in strategic infrastructure and connectivity, supporting a diverse and competitive economy.
Space Park Takes Off.
The LEP has invested £12.88m in Space Park Leicester to develop a global hub for space research, learning and innovation that will create 200 high tech jobs and 10 new businesses in Phase One.
Ashford International Rail Connectivity.
The LEP invested £9.8m (LGF) in rail infrastructure at Ashford International Station, maintaining it as part of Europe’s high speed network. The move will safeguard approximately 1,000 jobs; catalyse massive economic and housing growth; and send strong investment signals to relocating businesses.
The LEP spearheaded the development of a key site within the Cheshire Science Corridor by facilitating a £120m investment from Europe’s largest cardboard manufacturer, Progroup. By committing £500K the LEP will also unlock five Enterprise Sites in the area.
Supply Chain Opportunities.
BCLEP developed HVM City, an interactive platform supporting over 10,000 local businesses. The resource underpins the region as a centre for High Value Manufacturing, bringing together the supply chain for each sector, helping suppliers and contractors to identify opportunities and bid for contracts.
Kirkstall Forge, in Leeds, received support from the LEP and Combined Authority to develop brownfield land into a sustainable urban village, with a new railway station and thriving businesses. One company, Zenith, is reinvesting in the region, sponsoring our MIPIM delegation and creating jobs.
Science and Innovation Audits.
GMLEP led the Science and Innovation Audit which identified the region’s core strengths in health innovation and advanced materials, along with its fast growth opportunities which focus on the future potential of digital, energy, and industrial biotechnology
The LEP is leading a cross-LEP and business partnership, Nuclear South West, to maximise the development of Hinkley Point C and generate £55bn of nuclear opportunities for the area over the next decade.
Raising Career Standards.
The LEP is the first in the country to achieve Licensed Awarding Body status for the Quality in Careers Standard. One of 12 holders nationally, the licence gives 21 local providers national validation, with a further 43 working towards validation