d2n2 strategy, innovation & business support · d2n2 growth hub model core service •...

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

Lindsay.wetton@d2n2lep.org

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

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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: info@d2n2growthhub.co.uk

• Website: www.d2n2growthhub.co.uk• Newsletter: sign up through website

@d2n2growthhub d2n2growthhub