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EUROPEAN STRUCTURAL AND
INVESTMENT FUNDS 2014-20
Ely, 28 February 2014
The GCGP area
The LEP Team …
… and you!
Our EU Funding Priorities
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
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
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
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
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
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
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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European structural and investment funds 2014-20

  • 1. EUROPEAN STRUCTURAL AND INVESTMENT FUNDS 2014-20 Ely, 28 February 2014
  • 3. The LEP Team … … and you!
  • 4. Our EU Funding Priorities
  • 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. 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. 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. 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. 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. 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. Michael Barnes Programme Manager michael.barnes@gcgp.co.uk 01223 967009 @YourLEP EU Investment Strategy available at www.gcgp.co.uk