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North East region responds to National Infrastructure Assessment

Representatives from the North East Local Enterprise Partnership, all seven local authorities and the region’s business community came together today (13 November) to discuss the future of infrastructure in the UK as part of a visit by the National Infrastructure Commission.

The organisation, which provides expert, impartial advice to government on infrastructure – is currently touring the country to discuss its recently published National Infrastructure Assessment.  The first of its kind for the UK, it analyses the UK’s long-term economic infrastructure needs, outlines a strategic vision over the next 30 years and sets out recommendations on how the identified needs should be met.

Published once a parliament, today’s event was an opportunity for the North East to provide feedback on the assessment and discuss how the recommendations will support economic prosperity in the region.

Organised by the North East LEP, attendees met with Sir John Armitt, Chairman of the National Infrastructure Commission, and Bridget Rosewell OBE, Commissioner at the National Infrastructure Commission.

Andrew Hodgson, Chair of the North East LEP said: “It’s important for us as a region to plan for the long-term recommendations in the National Infrastructure Assessment and respond to the opportunities and challenges it raises. Having the chance to discuss its impact on the North East and how it fits with our Strategic Economic Plan has been a fantastic opportunity.

“We’re keen to identify areas where the North East can take forward work to shape areas like digital connectivity, management of flooding and new transport investments, and how we can ensure the region benefits from future infrastructure funding.

“We were able to bring together key representatives from the public and private sector to learn more about the Assessment and provide feedback to Sir John and his colleagues about the region’s response to it.

“It’s great to see the National Infrastructure Commission consulting the North East on issues that will have a significant impact our region and we look forward to working with them to establish a future co-operative approach.”

The National Infrastructure Assessment puts forward a series of recommendations on six key areas; building a digital society, low cost and low carbon energy, revolutionising road transport, transport and housing for thriving city regions, reducing the risks of drought and flooding, and choosing and designing infrastructure. Government has 12 months to formally respond to the Assessment.

Sir John Armitt CBE, Chairman of the National Infrastructure Commission, said: “From the redevelopment of the Gateshead Quays to South Shields’ new transport interchange, it’s clear that councils and businesses across the North East are keeping a strong focus on improving local infrastructure for the benefit of residents.

“Our National Infrastructure Assessment – a first for the UK – has strong recommendations which, if adopted, could make a real difference for the region. In particular, our call for a truly national charging network for electric vehicles would support take-up across the country, as well as here at the home of the Nissan Leaf.

“This, and our proposals for devolving more transport funding to cities rolling out full-fibre broadband and providing more energy from low-carbon sources, would benefit the region and the country as a whole, and I hope local leaders will make the case to ministers to make them a reality.”

Held at the offices of Ward Hadaway in Newcastle, the roundtable discussion explored the opportunities and challenges of the Assessment for the region and how the North East can help take them forward.

Organisations representing the region included; the North East Local Enterprise Partnership, Nexus, Environment Agency, Newcastle International Airport, North East Combined Authority (NECA), the region’s local authorities and the newly formed North of Tyne Combined Authority.

Colin Hewitt, Partner and Head of the Commercial team at Ward Hadaway, said: “We are delighted to host this roundtable discussion. It will give us a chance to talk about the types of infrastructure the UK should be investing in and also establish a new way to think about infrastructure closer to home, with a focus on how it affects our quality of life and the success of the North East economy.”

For more information about the National Infrastructure Commission and to read the National Infrastructure Assessment, visit www.nic.org.uk.

If you have any further questions about this article, please do not hesitate to contact us directly.

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The European Regional Development Fund (ERDF) has opened new calls for projects worth more than £72.3m across the North East LEP area.

European Regional Development Funding

The North East LEP is holding a free information event to give local partners more details on the focus of the newly opened calls, what areas they will address and how a potential application for funding should be approached.

When: 17 October 2018, 9am (for 9:30 start) – 12.00noon    
Where: St James Park, Newcastle

Register for this event by 16 October 2017. Please note that places at the event will be allocated on a first-come, first-served basis.

Find out more about the calls on our Funding page.

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Funding Opportunities with the Education and Skills Funding Agency (ESFA)

The ESFA Transition Programme has launched four specifications for the North East LEP area, supporting four Investment Priorities:

 

 

 

IP 1.1:  Skills Support for the Unemployed

IP 1.2: Not in Employment, Education or Training (NEET) (15-24)

IP 1.4: Community Grants

IP 2.1: Skills Support for the Workforce

Further details can be found here. Full specifications can be found on Bravo; organisations not already registered on Bravo must do so before accessing the documents.

The closing date for applications is 17 SEPTEMBER 2018

Contact details of your local Technical Support Team can be found here.

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In conversation with North East LEP chair, Andrew Hodgson

The North East economy is front and centre of Government investment this week aimed at capitalising on our industrial strengths and building our infrastructure.

 

A series of announcements to coincide with the Government’s Cabinet meeting at the Sage Gateshead brings the prospect of new high quality jobs in the energy sector, faster more frequent journeys on the East Coast Main Line and extra funding and responsibilities for Local Enterprise Partnerships to help drive regional economic growth.

It represents a real vote of confidence in the North East and the course of action it is pursuing to create 100,000 more and better jobs by 2024 through investment into sectors of high business growth opportunity.

The Government announcements recognise the pioneering work being carried out in the North East to embed innovation into our economy.

The Offshore Renewable Energy Catapult at Blyth will benefit from part of a £180m funding package over the next five years to bolster its cutting edge research and development activity.

The energy sector is a real North East success story and the North East LEP has just appointed Andrew Clark to lead work in this sector to help maximise its potential.

His knowledge and expertise as sector programme lead will be invaluable in bringing together public and private sector organisations to create a far reaching energy strategy.

A commitment by Government to invest £780m into major upgrades on the East Coast Main Line – to be completed by the early 2020s – is a great first step in giving passengers faster, more frequent journeys, which is in turn great news for new and existing businesses through improved connectivity to markets.

Greg Clark, Secretary of State for Business, Energy and Industrial Strategy, also announced that the North East is among six areas around the country being asked to develop local industrial strategies to create more opportunities and growth.

The national LEP Review was also published on Tuesday which is a welcome move by Government. It provides clarity on the role of LEPs going forward and reinforces the benefits of a strong business voice in leading strategic economic policy and investments. Government are making available an extra £20m to LEPs to help deliver these roles including the new local industrial strategies.

The fact that these strategies will be developed across LEP areas is extremely positive and will support the on-going delivery of the Strategic Economic Plan.

The North East LEP is recognised by ministers as a strong LEP and we are well positioned to meet the roles and opportunities set out in the review.

The Government also confirmed it has laid legislation in Parliament to make the £600m North of Tyne Devolution Deal a reality and the LEP is fully supportive of devolution in the North East in order to bring more local powers and decision making to the region.

However, it is also very important to note that the North East LEP remains committed to working with all seven local authorities to deliver the Strategic Economic Plan with the goal of creating more and better jobs across the region, and to develop the new local industry strategy together for the region.

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Funding available for business Incubator space

The North East Local Enterprise Partnership (North East LEP) is inviting Expressions of Interest from Incubator projects which match the strategic aspirations set out in the Strategic Economic Plan (SEP) and the innovation programme with significant potential to make a demonstrable contribution to the Incubator network within the region.

Projects must demonstrate clear links to the SEP and be able to provide a clear and coherent programme of business incubation support.

We anticipate that the North East LEP will be asked to fund around 50% of the capital costs of the (re)development incubator space (subject to State Aid). The maximum grant available will normally be up to a maximum of £500,000 however in exceptional circumstances, where there is clear demand and a strategically significant project is put forward, a higher level of funding may be awarded.

Prospective applicants, who can be from public, private or voluntary sector, are encouraged in the first instance to read the Project Call Information document which can be found along with other supporting information on our funding page.

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Funding available for early stage Innovation projects

The North East is already home to excellent innovation assets supporting key sectors and facilitating open-innovation across our themes; but we know there are gaps and areas where we could do more. The North East Local Enterprise Partnership (North East LEP) is therefore inviting bids from early stage innovation projects to come forward for development stage funding that will help to prepare Business Cases that can help deliver the ambition set out in our Strategic Economic Plan.

Projects that are able to demonstrate clear links to the SEP and key Government policy (such as the Industrial Strategy), and are anticipated to be over £5m in scale are encouraged to come forward. Funding available through this call is to support the costs of getting projects ready to produce a HM Treasury Compliant, Five-Point Business Case – the funds are not for projects at implementation/build stage.

We anticipate that the North East LEP will be asked to fund around 50% of the costs of the development of a project (subject to State Aid). While there is not upper or lower limit attached to this, but the eventual ‘full’ projects should be anticipated to be of a significant scale (i.e. of at least £5m capital build cost).

Prospective applicants, who can be from public, private or voluntary sector, are encouraged in the first instance to read the Project Call Information document in addition to with other supporting information which can be found on our funding page.

 

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External Engagement Officer roles with the North East Fund

The North East Fund Ltd (TNEFL) is seeking to appoint two professional and dynamic External Engagement Officers to work with the Marketing Manager in the coordination, management, and promotion of the North East Fund’s engagement activities with stakeholders and regional partners.

The North East Fund Limited (TNEFL) is the holding fund manager for the North East Fund–which will invest £120m in to SMEs (looking to start up or grow) in the North East Local Enterprise Partnership area. £20m of this funding is ring fenced for investment in the Durham Local Authority area. Funding has been provided by the European Investment Bank, the EU and the British Government.

For further information and details of how to apply, click here.

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£120m fund for the North East goes live

£120m North East Fund goes live

A £120m investment fund to drive local growth and job creation will now go live after the agreement was signed on 23 March 2018 by the representatives from the European Investment Bank (EIB) and The North East Fund Limited (TNEFL).

The North East Fund, supported by the European Regional Development Fund, will offer a range of investments including equity, debt and mezzanine funding in the North East LEP area, which covers County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland.

It will provide financial support for over 600 businesses, creating around 3,500 jobs over the life of the fund and delivering a legacy of up to £80m for further investment over the next decade.

Experienced Fund Managers have been appointed to manage five separate funds which will cater to the needs of businesses at different stages across different sectors. Details of the Fund Managers are expected to be announced in early April.

Helen Golightly, Executive Director for the North East LEP, which led the project team negotiating for the region, said: “We have always believed that retaining investment funds exclusively for North East companies was the right decision and are grateful to the Treasury, EIB and Ministry of Housing, Communities and Local Government for their efforts and support to the team.

“This is a fantastic achievement for the North East and all the tireless work behind the scenes has now paid off.”

Exchequer Secretary to the Treasury, Robert Jenrick, said: “This is an important step in ensuring that growth and opportunity are spread fairly across the country. The £120m investment will be a big boost to small businesses operating in the North East, driving productivity and bolstering the Northern Powerhouse’s economy.

“By generating thousands of new jobs and upskilling people across the region, the positive impact of this fund will be felt for generations to come.”

Jake Berry MP, Minister for the Northern Powerhouse and Local Growth, said: “With over £120m of investment flowing into the region, strengthening local businesses and creating thousands of new jobs, the North East Fund signals another major economic boost to the Northern Powerhouse.

“It will provide welcome finance for smaller businesses across the North East to reach their full growth potential while bolstering the Northern Powerhouse’s reputation as a world-beating location to start and grow your business.”

Jonathan Taylor, EIB Vice President, said: “The North East Fund will help to unlock entrepreneurial drive and innovation across Northumbria, Tyneside, Wearside and County Durham.  The EIB is pleased to provide £120m to support this unique initiative that will create thousands of new jobs and improve skills across the North East and replicates the proven success of similar investment across Europe.”

Andrew Mitchell, Chief Executive of the North East Fund, said: “This new Fund is a feather in the cap for the North East and a vote of confidence in our economic potential. The North East LEP’s backing has been critical to getting this across the line and we can now focus on investing on the brightest and best businesses in the region.”

-ENDS-

Notes to Editors

The North East Local Enterprise Partnership (LEP) covers County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland.

Our role is to drive economic growth in North East England by supporting businesses and creating more and better jobs for everyone.

Over the next decade, we aim to help the North East create an extra 100,000 jobs. An ambitious target, but one we believe is achievable working with our partners in the public and private sectors.

Our Strategic Economic Plan (SEP) for the North East outlines how we will create more and better jobs including the identification of our areas of strength, referred to as our smart specialisation areas; passenger vehicle manufacturing; subsea and offshore; life sciences and healthcare; and creative, digital, software and technology based services, and our plan to bring investment and funding to the area.

European Regional Development Fund (ERDF)

The project is receiving up to £58,500,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding.

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Funding available for business incubator space

The North East Local Enterprise Partnership (LEP) is inviting Expressions of Interest from incubator projects which match the strategic aspirations set out in the Strategic Economic Plan (SEP) and the innovation programme with significant potential to make a demonstrable contribution to the incubator network within the region.

Projects must demonstrate clear links to the SEP and be able to provide a clear and coherent programme of business incubation support.

We anticipate that the North East LEP will be asked to fund around 50% of the capital costs of the (re)development incubator space (subject to State Aid). The maximum grant available through this fund will be £250,000 of capital.

Prospective applicants, who can be from public, private or voluntary sector, are encouraged in the first instance to read the Project Call Information document which can be found along with other supporting information on our funding page.