This document discusses Northamptonshire's plans to drive economic growth through their Growth Deal with the UK government. The key points are: 1. Northamptonshire aims to increase GVA growth above the national average, create new jobs and homes, attract inward investment, and improve skills and quality of life. 2. The Growth Deal provides £67.3 million in funding for infrastructure projects and establishes mechanisms for governance and sector boards to implement programs. 3. Additional support includes funding for broadband expansion, a growth hub, and working with libraries to support small businesses and entrepreneurship through business workshops and easy access to resources.

1. DRIVING ECONOMIC GROWTH –
TEAM NORTHAMPTONSHIRE
LIBRARIES AND ECONOMIC WELLBEING EVENT
2 OCTOBER 2014

2. PLACE
• People – one of fastest growing populations
and highest levels of job density
• Location – literally at the heart of the country
• Assets – strong growth offer based on seven
locations with distinct and separate offers
• Can Do – attitude backed up by leadership
and delivery capability
• Entrepreneurial – most enterprising place in
Britain, with Northampton identified as best
place to do business

4. AMBITION
• GVA Growth 1% above the national average
• 37,000 new homes built and destination of
choice for London and Cambridge workers
• 32,500 new jobs in the economy
• Population growth to 775,000
• 10 new major inward investments secured
• 1,600 new businesses created
• Skills at or above the national level and
improving year on year
• One of highest job density levels in the country
• Improved quality of life for all of our citizens

5. GROWTH DEAL
• Relationship with Government -
negotiated direct ‘deal’ on back of
Strategic Economic Plan
• Longer Term – ‘Phase 1’ decisions
announced on 7 July start rather than
end of process
• Offer – Local Growth Fund plus freedoms
and flexibilities

6. NORTHAMPTONSHIRE’S GROWTH GOVERNANCE ARRANGEMENTS
NEP BOARD*
Strategic Growth agenda
and private sector
accountability
Infrastructure
and
Connectivity
Business and
Innovation
Employment
and Skills
EUROPEAN
PROGRAMME
GROUP
Housing
GROWTH
IMPLEMENTATION
BOARD
PROSPERITY BOARD
Democratic and
Financial Accountability
Programme
Management
Accelerating Growth Enabling Growth
Strategy Boards
HPT
Logistics
Food and
Drink
Creative and
Cultural
Operational Arm
of LEP Board
Local
‘Delivery’
Teams
* Fulfils Local Transport Body functions

7. GROWTH DEAL
£67.3 million funding to support:
• A45 Northampton to Daventry Development Link
• A43 Improvements in Northampton
• Stanton Cross
• Silverstone Metrology Centre;
• and provisionally:
• A509 Wellingborough Development Link;
• Wootton Hall Park Access Improvements;
• Tresham College Campus in Wellingborough;
• Smart Commuting
• Smart Corridors

8. GROWTH DEAL
What Else:
• European Structural and Investment Fund strategy - £47
million programme for business and innovation and
employment and skills activity
• Public Works Loans Board - £50 million line of credit for
capital expenditure projects to be drawn down in 2015/16
• Assisted Area Status – specific ask in SEP – 22 wards included
on map.
• National Pilots – Enterprise Advisers and Business Support
Simplification
• Superfast Broadband – up to £2 million towards extension of
superfast broadband to 95% of premises.
• Growth Hub – an additional £250k to invest in the Hub

9. WORKING WITH THE LIBRARIES
Supporting small business and entrepreneurship
• Growth Hub
– One number to call – 0844 556 0101
– NEP, University, County Council – working with BIS
– National and local partners
– Making business support simple to understand and easy to
access
• Enterprise Hub
– Particular focus on new entrepreneurs
– Single number – but also easy local access
– Programme of workshops – business plan, tax, marketing etc.
– The Start-Up Grant

10. Thank you for listening
Any questions?