2 Growth Deal 2 Proposals – Programme Indicative Focus Commentary Outputs and Budget Outcomes Business £2,000,000 Capital grants to The programme will be £10 million Private Growth Fund SMEs, largely in our informed by, and on Sector Investment key sectors, to the best practice of, the by 2020 remove barriers to Worcestershire 200 New Jobs by business growth to Expansion Fund the 2020 include Redundant Building refurbishment of Grant. premises, new premises, new equipment, etc. Skills Capital £2,200,000 The programme will The META project 600 new Fund be run along similar Worcestershire College) Apprenticeships lines to the SFA already proposed and relating to Key Skills Capital well received by Sectors by 2020 programme and will Government will be 3000 Higher Level include investment funded under this skills qualifications in colleges and programme. relating to Key training providers to The LEP executive will Sectors by 2020 enable the delivery work with FE college of skills programmes principals to develop a addressing LEP’s programme of strategic objectives. investment. Employment £3,000,000 The programme will The Vale Park project 24ha of serviced and Housing be used to unlock already proposed and development land Infrastructure the development well received by by 2020 Fund potential of sites Government will be £90 million of across the County funded under this private sector though the provision programme. investment by 2025 of infrastructure. Other sites supported by 6000 jobs on This relates to sites the programme will be serviced sites by beyond the 4 Game consistent with the Changers. 2025. aforementioned SEP Transport Infrastructure and the Programme SEP City and Town Centre Investment Programme. £7,200,000 6.0 DASHBOARD OF PERFORMANCE METRICS
2 – Growth Deal 2 Proposals Programme Indicative Budget Focus Commentary Outputs and Outcomes Business Growth Fund £2,000,000 Capital grants to SMEs, largely in our key sectors, to remove barriers to business growth to include refurbishment of premises, new premises, new equipment, etc. The programme will be informed by, and on the best practice of, the Worcestershire Expansion Fund the Redundant Building Grant. £10 million Private Sector Investment by 2020 200 New Jobs by 2020 Skills Capital Fund £2,200,000 The programme will be run along similar lines to the SFA Skills Capital programme and will include investment in colleges and training providers to enable the delivery of skills programmes addressing LEP’s strategic objectives. The META project Worcestershire College) already proposed and well received by Government will be funded under this programme. The LEP executive will work with FE college principals to develop a programme of investment. 600 new Apprenticeships relating to Key Sectors by 2020 3000 Higher Level skills qualifications relating to Key Sectors by 2020 Employment and Housing Infrastructure Fund £3,000,000 The programme will be used to unlock the development potential of sites across the County though the provision of infrastructure. This relates to sites beyond the 4 Game Changers. The Vale Park project already proposed and well received by Government will be funded under this programme. Other sites supported by the programme will be consistent with the aforementioned SEP Transport Infrastructure Programme and the SEP City and Town Centre Investment Programme. 24ha of serviced development land by 2020 £90 million of private sector investment by 2025 6000 jobs on serviced sites by 2025. £7,200,000 6.0 DASHBOARD OF PERFORMANCE METRICS
Board-Papers-for-meeting-on-02.04.15.docx