2. LEP context
• 39 LEPs in England
• Existed since 2011
• Voluntary, private sector led partnerships with
remit to determine local economic priorities, drive
local growth and job creation.
• All very different in composition
3. LEP context - NEP
• Working with business for business
– Private sector led, local government funded
• A Local Enterprise Partnership – a LEP
– Working with government and representing
Northamptonshire to government
• Acting to encourage support and stimulate the economy
– Skills
– Infrastructure
– Business Support
– Company and other investment
4. LEP context
“Our vision for local growth – unleashing the
ambition and creativity of local leaders, by
devolving resource and responsibility to those
places which can demonstrate credible and
compelling economic leadership, in pursuit of
growth.”
Michael Heseltine October 2012
8. Why support SMEs?
• 96% of Northamptonshire businesses are
SMEs
• ¾ of them employ less than 5 people
• Growth potential
• Need support and encouragement
10. INV-ENT case study
What
• Stimulate innovation
& growth
• Enable job creation
How
• Business rate
“rebate”
• Grants of up to
£20,000
• 2 funding rounds per
year
11. Spraylat International Ltd, Corby
• Developing a new,
green product for
aerospace industry
• “INV-ENT funding will
enable us to invest in
new equipment to
manufacture the
product and to launch
in the UK, Europe and
internationally.”
12. Job brokerage case study
What
• Address recruitment
needs of growing
companies
• Tackle youth
unemployment
How
• Single point of contact
• Tailored recruitment
solutions
• Discuss funding available
• Make contact with training
providers
• Advertise job vacancies
• Matching and screening
14. Promoting Northamptonshire
• Innovative campaign championing
Northamptonshire as a location for business
investment
• Collaboration between public and private sector;
• Positions Northamptonshire as a cost-effective,
conveniently located County just one hour from
London
19. Enterprise Hub customer journey
Information
resources
Effective
Websites
Social Media
Is it for me?
Networking
Start-Up
Grant
Business
planning
Tax & record
keeping
Skills
exchange
20. Feedback so far …
• “A good service and it was free!”
• “Fantastic insight; now know how to get started,
has eliminated some fears. Thank you!”
• Friendly and informative
• Excellent facility for people to start a new business
• I found this really useful, informative and
motivational
• Many thanks for a great session! (and the
biscuits!)
