FE CA P ITAL , GR OWTH& E SF S K ILLSU PD ATE

Michael HeanuePrincipal Policy Off icerEconomic and Business Policy Unit

Anna MorellProgramme OfficerLEP Delivery

• Round 1 Detailed applications

• Round 2 Expressions of Interest

• Round 3 Outline

• Growth Deal 2

• Local Growth Agenda

• ESF

OV E RV IE W

• 16 received, 14 capital works, 2 equipment

• 15 colleges and 1 charity

• Total grant request £42.3m

• Total project value £136m

• LEP approved 16 for funding subject to due

diligence and to understand the implications of

SFA funding reductions

• SFA funding allocations for 2015/16

R OU ND 1 D E TA I L E D A P P L I C AT I O N S

R OU ND 2 E X P R E S S I O N S O F I N T E R E S T

20 received, 18 capital works, 2 equipment

16 FE Colleges and 4 private providers

Total grant request £60m

Total project value £134m

LEP approved 18 for the detailed application

stage

Feedback given and invited to resubmit

• Learning from Round 1 and Round 2

• Feedback and discussions

• Survey monkey results

• Growth Deal 2

R OU ND 3 OU TL IN E

• £58 million secured for London

– £38 million FE Capital investment

– £20 million High Streets / Places of Work

GR OWTH D EA L 2 – 2017 /18

• htt ps://lep.london/content_page/fe-capital-investment-fund

• Email fecapital@london.gov.uk

MORE INFOR MATION

LOC AL GROWTH

LOC AL GROWTH AGEN D A

• LEPs and Skills Devolution

• Payment by results pilot

• Skills Inquiry

• Skills Summit

E SF- TH E N EW PR OGRA MME

• London allocated c.£448m ESF + £37m YEI

• Role of the LEP; driving strategic priorities

• Role of Opt-In Organisations; SFA, DWP and

Big Lottery.

• London Councils and GLA to act as local

match funders.

P ROGR AMME P RIOR IT IE SThe Programme has broadly been split into

3 areas;

• Young People (15-24) - Preventative NEET, NEET Outreach, Targeted NEET interventions, Enhancing the London Careers Offer, Creating Careers Clusters, Promoting Apprenticeships, Support for young BAME people, Gangs Prevention

• Adult Employment - Employment Support for Parents, Families, People with Disabilities, Older People, Carers, BAME Women, those living in social housing

• Adult Skills - Low pay & progression pilots for those cycling in and out of work

A NY QUE ST ION S?