Local enterprise partnerships aim to support economic growth through developing growth hubs, improving productivity, and smartly resourcing initiatives. Productivity can be increased by focusing on innovation, investment, skills development, competitiveness, and enterprise. Challenges include ensuring activities directly address productivity, have a meaningful macroeconomic impact, and create sustainable solutions rather than just tactical responses to short-term funding needs.

1. LOCAL ENTERPRISE PARTNERSHIPS –
SUPPORTING GROWTH
NEN CONFERENCE
27 November 2015
Jo Lappin

3. GROWTH HUB DEVELOPMENT
• Profile – greater brand recognition
• Penetration – reaching far more companies
• Product – extending the range of activity
• Performance management – robust
framework to measure success

4. PRODUCTIVITY

5. DRIVERS OF PRODUCTIVITY
• Innovation
• Investment
• Skills
• Competitiveness
• Enterprise

6. SMART RESOURCING
• European Structural and Investment Fund – match
funding national and local funding
• Spending Review – £24million funding across 2016/17
and 2017/18.
• Local Growth Fund –bending future funding towards
wider drivers of productivity
• Commissioning Approach – co-ordinating activity of all
delivery partners

7. DEVELOPMENT CHALLENGES
• Productivity – are products and services really
addressing this?
• Macro or micro – will activity really move
forward the economy?
• Systemic or tactical – is this creating a
sustainable and scalable proposition or short
term funding led responses?