European structural and investment funds 2014-20

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This presentation was given at the Opportunities for European Funding in East of England event on the 2 February 2014.

Michael Barnes (Greater Cambridge Greater Peterborough) discusses LEP role in European funding, social inclusion funding and gives a funding overview.

Find out more about NCVO's european policy work: http://europeanfundingnetwork.eu

Published in: Government & Nonprofit
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European structural and investment funds 2014-20

  1. 1. EUROPEAN STRUCTURAL AND INVESTMENT FUNDS 2014-20 Ely, 28 February 2014
  2. 2. The GCGP area
  3. 3. The LEP Team … … and you!
  4. 4. Our EU Funding Priorities
  5. 5. LEP Prize Challenge • £1m fund for Voluntary and Social Enterprise led projects • Getting people job ready (1,000) and into work (250) • Eight winners in the 1st round
  6. 6. Headlines • Approximately £72m EU allocation for 2014- 2020 (ERDF, ESF, EAFRD) • Supports Strategic Economic Plan priorities • Investment priorities based on LEP priorities and stakeholder consultation • Project activity to be locally compliant • Multi-partner approach • Awaiting Government feedback
  7. 7. LEP role in European Funding • LEPs responsible for prioritising spend locally • 20% of European Social Fund to tackle social inclusion and combat poverty • GCGP to facilitate proposals for local projects • Public and private sector match funding required • Social inclusion match funding through Big Lottery opt-in model and Civil Society
  8. 8. Funding overview Fund EU allocation Total with match € £ € £ ERDF 37,750,000 32,000,000 75,500,000 64,000,000 ESF 37,750,000 32,000,000 75,500,000 64,000,000 EAFRD 9,240,000 7,390,000 18,480,000 14,780,000 Total 84,740,000 71,390,000 169,480,000 142,780,000 ERDF – Innovation, ICT, SME Competitiveness, Low Carbon Economy ESF – Skills, Employability, Social Inclusion EAFRD – for complementary provision in rural areas
  9. 9. Social Inclusion Funding • £3.46m ESF through BIG - £6.92m total with match • £1.5m ESF through Civil Society - £3m with match • Targeted at those furthest from the labour market, education or training • Locally prioritised and designed • Expectation of significant VCSE engagement • Bidding and delivery mechanism to be agreed • Plus £1.5m (£3m) through CLLD
  10. 10. Outputs and Results • ≈ 5,500 businesses supported • ≈ 200 start-up businesses supported • ≈ 8,000 new jobs created • ≈ 10,000 participants in skills and training • ≈ 5,000 young people supported
  11. 11. Michael Barnes Programme Manager michael.barnes@gcgp.co.uk 01223 967009 @YourLEP EU Investment Strategy available at www.gcgp.co.uk

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