Strategic Economic Plan (SEP) update
As mentioned by the Chair, Worcestershire LEP is getting ready to submit the first draft of its SEP to Government in time for the 19 December deadline.
The document will set the strategic direction for Worcestershire LEP for the years 2014-21 and will outline proposals for allocating the county’s share of both the Government’s ‘Single Pot’ and EU Funds.
A sum of €68 million (£57) million has notionally been allocated to the county from European Funds. Single pot funding amounts to £2 billion per annum, divided between the 39 English LEPs.
Following Government feedback on the draft plan in early 2014, the LEP will submit its final SEP in March and a ‘Growth Deal’ will be confirmed in July 2014.
Worcestershire LEP wins Social Enterprise Award
We were delighted to be awarded the ‘Aspire Award’ by Social Enterprise West Midlands.
The Award was presented at the Social Enterprise Awards ceremony held in Birmingham on 13 November. Our Business Board member Margaret Gray (who is also Head of the Midwest Rural Enterprise CIC) picked up the trophy on our behalf, beating off competition from Birmingham Social Enterprise Zone, School for Social Entrepreneurs and the Black Country LEP.
The Aspire Award recognises individuals or organisations who are ‘social enterprise best practice exemplars’. Worcestershire LEP was credited for having taken a strong lead in brokering joint working between social enterprises and networks and for developing a coordinated and collaborative way forwards.
Worcestershire LEP has recognised the importance of social enterprises right from its formation by including four representatives from the Third Sector on its Business Board.
Duke of Gloucester meets Worcestershire LEP
We recently had the honour of meeting with His Royal Highness, the Duke of Gloucester, to provide a briefing on the efforts the LEP is making to increase Worcestershire’s appeal as an inward investment destination and to create more and better employment opportunities across the county.
Hosted by the University of Worcester’s National Pollen and Aerobiology Research Unit, the Duke was introduced by the Chair to the Executive Director, Gary Woodman, and to the heads of the LEP’s four strategic Working Groups - Profile and Promotion, Kate Moss; Access to finance, Roy Irish: Employment and Skills,
Carl Arntzen: and Planning, Development and Infrastructure, Jacqui Bayliss. Each provided an update on their various areas of interest.
Were you with the
We were pleased to support the Festival of Innovation that took place in Malvern last month.
The Festival attracted some great media coverage, including on BBC Midlands Today. It was particularly heartening to hear Malvern being referred to as the West Midlands’ ‘Cyber Valley’ by reporter Cath Mackie.
Around 600 people attended the Festival over the two days, which also included the national launch of The Geovation Challenge.
The event included thought-provoking and intellectually stimulating presentations from many innovative companies – including the Raspberry Pi Foundation, the Bloodhound Supersonic Car team and the Lotus F1Team. Also featured were keynote speeches from the Institute of Physics, Advanced Technology Institute and the Department for Business, Innovation & Skills.
The Festival is a great opportunity to hear the latest news and developments from some of the country’s best innovators. It also provides the chance to network with some of Britain’s top innovative brains.
To be sure not to miss out on next year’s Festival, or if you are interested in sponsoring, exhibiting or speaking at next year's event, click here
Graduate to Business in Worcestershire
Worcestershire County Council, in partnership with the University of Worcester, has launched a new EU funded grant scheme that will help SMEs to employ graduates.
The scheme will cover 50% of the costs of hosting a graduate on a three month internship, or cover 50% of the costs of hosting a graduate on a one year placement (up to maximum of £10,000).
To qualify, your business must be situated in and trading from Worcestershire, employ fewer than 250 employees and have a turnover of less than the equivalent of €50 million or a balance sheet of less than €43 million.
For more information and an application form please click here
or call 0300 123 14 40.