June 2016 Board update
The Board welcomed New Deputy Chair for Delivery Chris Loughran and Cllr Greg Chance, Deputy Leader portfolio holder for transport, planning and regeneration at Redditch BC Cllr Chance is replacing Cllr Campion as North Worcestershire’s representative. The Board thanked Cllr Campion for his support and insights on the LEP’s agenda over the past few years.
Competitive positioning – the Make Your Mark concept has been welcomed by partners across the West Midlands Combined Authority and the next phase of implementation will begin soon.
Strategy for Growth – The latest claimant unemployment count shows a fall in May 2016 of 425 to 36,280. While there has been a slight increase in the number of people who have achieved NVQ Level 4
Strategic Economic Plan (SEP) refresh – the outline for the revised SEP was approved including headline KPIs and targets to 2030 and anew focus on improving the global competitiveness of the region. The final document will be presented to the July Board for sign off.
Local Growth Fund Bid – The outline for GBSLEP’s bid into the national competitive pot of £1.8 billion was agreed. The funding will be used to support the delivery of the SEP. The bid will be further developed and brought back to the Board in July for sign-off. A Challenge Session with a Minister is also being planned.
West Midlands Combined Authority (WMCA) – The publication of a SEP for the WMCA was noted and the Board agreed that GBSLEP Chair, Andy Street, be appointed as member of the WMCA Board with both the Deputy Chairs for Strategy and Delivery named as alternates.
Inward Investment – The Board agreed that Marketing Birmingham continues to be the designated, required single point of contact for UK Trade & Investment (UKTI) foreign direct investment enquiry handling on behalf of the GBS LEP following a new contract award. A Memorandum of Understanding and protocols were adopted.
Midlands Engine – Progress on setting up the Midlands Engine Investment Fund, including the appointment of British Business Bank to oversee the management of the funds was noted. Pat Hanlon was nominated as GBSLEP representative on the Midlands Engine Strategic Oversight Board with Katie Trout, as nominated alternate.