Nep libraries event feb 2014
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The document discusses the context and activities of the Northamptonshire Enterprise Partnership (NEP). It provides the following key points: 1) The NEP is one of 39 Local Enterprise Partnerships (LEPs) in England established since 2011 to determine local economic priorities, drive growth, and create jobs. As a private sector-led partnership, the NEP works with local government and businesses in Northamptonshire. 2) The NEP supports both established and new businesses. For established SMEs, which make up 96% of businesses in Northamptonshire, the NEP provides relocation assistance, funding, and recruitment support. 3) The NEP also supports new businesses through its Enterprise Hub
Nep libraries event feb 2014
- 1. Northamptonshire Enterprise Partnership Fiona Ӧzdemir, Project Manager
- 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
- 5. LEP context
- 7. SUPPORTING BUSINESS TO REALISE OUR GROWTH AMBITION Part 1: Established businesses
- 8. Why support SMEs? • 96% of Northamptonshire businesses are SMEs • ¾ of them employ less than 5 people • Growth potential • Need support and encouragement
- 9. Supporting existing business • • • • • Relocation to Northamptonshire Key sector support Business parks Funding Recruitment support
- 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
- 13. Sean & Andrew Knights of Old
- 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
- 16. SUPPORTING BUSINESS TO REALISE OUR GROWTH AMBITION Part 1: New businesses
- 17. What support do people need when starting a business? • • • • • Funding Legal guidance Managing money Marketing Someone to talk to!!!
- 18. Working with NLIS • • • • • Identify common goals Pool resources Training Start small Learn and grow
- 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!)
- 21. Questions or comments? Fiona Ozdemir fiona.ozdemir@northamptonshireep.co.uk