Business Plan 2023-24
The next 12 months present a challenging operating environment for New
Anglia LEP, but the support we provide to businesses remains more important
than ever. Business confidence remains fragile with very limited growth forecast
and a range of pressures on businesses. Inflation pressures continue, although
these are expected to ease during the year, and labour shortages across most
of our sectors are posing real challenges. The need for businesses to adapt and
address their impact on climate change and biodiversity has never been greater.
Foreword
Post-Brexit trade barriers are also adding to
difficulties for some businesses both exporting
and importing goods. New concerns for our key
sectors include incentives from the US and EU to
attract clean energy investment. All of this means
it is difficult for businesses to plan and make
investment decisions.
Evidence from the New Anglia Growth Hub and
other sources suggests businesses are requiring
support more than ever, and that despite the tough
headwinds, there are opportunities for them to
grow. Our evidence suggests that many companies
do wish to invest, and can see opportunities, but
grants are in real demand.
Our priorities this year are focused on tackling
these challenges. They are business support and
innovation, skills and the labour market and
working in our local places. At the same time, the
LEP is entering a transition phase. Planned county
deals in both Norfolk and Suffolk will see our
functions transferred into the two county councils
in April 2024. We will therefore be developing a
transition plan to ensure the work of the LEP can
continue in this new form.
Pages 3 and 4 outline our strategic objectives for
the year and pages 5 and 6 highlight some of our
local projects. Sitting alongside this high-level
delivery plan are departmental business plans,
which detail the activities being undertaken to
deliver on our objectives. These are regularly
reviewed and updated. Our commitment continues
to help businesses take the decisions they need to
be agile, innovative, productive and sustainable.
Rosanne Wijnberg
Chief Executive, New Anglia Local Enterprise Partnership
May 2023
2
3
LEP Strategic
Priorities for 23/24
This year we have identified four priorities. One is an overarching strategic
priority and three are delivery priorities set against the challenging economic
and political backdrop.
This reflects the continuing need for the LEP and its ability to convene partners and provide support to businesses, while
recognising that the signing of in principle county deals means 23/24 is a transition year for the LEP.
Overarching strategic priority
Develop a successful transition plan for the LEP
During 23/24, we will need to develop a transition plan
for sign-off by the LEP board to enable integration at the
start of the 24/25 financial year. This transition plan will
enable the functions, funding and personnel of the LEP to
be integrated into the new county deal structures being
developed by our county councils.
These structures – business boards and associated
governance arrangements – are a requirement of the
county deals. Board members will have a key role to play
in articulating the role of the business and education voice
in the new structures, and ensuring the priorities of the
LEP and its work are able to continue.
The transition plan will need to ensure the assets of the
LEP are protected and utilised, as intended, to support the
growth of the local economy.
Ongoing delivery priorities
Business support and innovation
Business support and innovation is at the heart of the
work of the LEP, and this year will be focused on the
Growth Hub, Scale Up New Anglia and related grant
programmes we are proposing to deliver.
These are: Small Grant Scheme, Growth Through
Innovation Fund, Business Transition to Net Zero, and
Growing Places Fund.
Our activity will also extend to the Innovation Board
and the Connected Innovation programme, our industry
councils and sector groups and their programmes of
activity.
The Creative East investment readiness and scale-up
programme for creative industries will officially begin
in April 2023, with opportunities for grant funding from
Innovate UK.
The Space East Cluster has now launched with a Cluster
Manager in post to drive key projects and develop a
number of opportunities for the region.
Work around clean growth will be focused on providing
support to businesses on the road to net zero, and
we will also undertake a project focused on industrial
decarbonisation, initially around the agri-food sector.
Ongoing delivery priorities
Support place
Central to the place priority will again be the
development of our Enterprise Zones, with further
development projects in the pipeline, and the continued
work of Invest Norfolk and Suffolk, run jointly with the
county councils.
We will continue our commitment to Freeport East, with
an agreement in place ensuring we are remunerated for
our ongoing support.
Where capacity allows, we will continue to support town
deal boards and work with our district and borough
colleagues on local priorities.
We will continue to support nationally significant projects
where we can add value and resources permit.
4
Ongoing delivery priorities
Skills and the labour force
Skills and labour force remain a really pressing issue for
businesses and while our Skills Advisory Panel has been
paused, we have some clear priorities for the year.
These are to deliver our Skills Bootcamps programme,
to continue our Careers Hub and Enterprise Adviser
Network, and to provide support to the development
and implementation of the Local Skills Improvement
Plan (LSIP), ensuring an emphasis on building green
skills which will enable the transition to a zero
carbon economy.
We will continue to support the Skills Hub, the joint skills
resource run by the two county councils and the LEP.
Our industry councils and sector groups will also continue
to prioritise skills, linking into the LSIP and our own
activity, and our industry and sector group chairs will
prioritise skills at future meetings.
Above: Port of Felixstowe which,
along with Harwich International Port
and Gateway 14, forms Freeport East
5
Delivering Growth
In 2023/24
The LEP operates a number of programmes delivering a range of improvements
and activities to support economic growth in the region. These programmes all
contribute to the delivery of the Economic Strategy.
New Anglia Growth Hub
The Growth Hub provides free, fully funded, impartial
support and advice for businesses across Norfolk and Suffolk.
It acts as a single gateway to enable businesses and those
thinking about starting one to access all the local and national
support that is on offer, including grants, information about
net zero and productivity. As well as supplying advice to
individual businesses by phone, online and in-person, the
Growth Hub runs events throughout the year on specialist
areas of support from online selling and marketing to
recruitment and skills development.
To support businesses focused on growth in the region and to
encourage enterprise to thrive, it operates Scale Up New Anglia
– a programme of intense support for companies and their
owners who want to accelerate the growth of their business.
This is delivered through tailored analysis of the business, peer
to peer networking, and expert coaching sessions in areas such
as leadership and management, sales, and finance.
During 2023/24, the Growth Hub will provide more than
900 businesses with diagnostic support and signposting to
other services, as well as providing at least 300 businesses
with in-depth support.
Business Support
Scale Up New Anglia
Our Scale Up Programme continues to provide dedicated
bespoke support to businesses with high-growth potential,
including one-to-one meetings, workshops, seminars,
mentoring and funding.
The programme provides a portal through which businesses
can access a range of local and national programmes such
as Invest East, Goldman Sachs 10,000 Small Business
Programme, and Innovate UK, as well grant funding and
access to finance.
We will also continue to deliver our High Growth Network
Programme, which provides low value SMEs with growth
potential access to high growth support.
Above: Richard Finney’s male
grooming products business Captain Fawcett
received support through the Growth Through Innovation Fund
Small Grant Scheme
Our Small Grant Scheme, funded by the European Regional
Development Fund (ERDF), offers grants from £1,000 to
£25,000 to help businesses to grow. To date, it has awarded
nearly £5.44m to 502 projects, generating £19.87m of private
match funding. Although the scheme has now closed to new
applications, grant payments will continue to be made to
successful applicants until the end of June 2023. Between
April 2023 and June 2023, we aim to provide around 100
businesses with £1.27m of grant payments, generating £2.7m
of private sector funding. Small Grants will continue to be
available in some of our districts thanks to support from the
new UK Shared Prosperity Fund.
Above: The Broadland Food Innovation
Centre near Norwich was developed with
support from our Growing Places Fund.
6
Growth Through Innovation Fund
Our Growth Through Innovation Fund aims to accelerate levels
of innovation, research and development in SMEs. Also funded
by the European Regional Development Fund, it has so far
awarded nearly £822,000 to 47 projects, generating £1.462m
private match funding. As with the Small Grant Scheme, end
of ERDF funding means this scheme has now closed to new
applicants. However, grant payments will continue to be made
to successful applicants until the end of June 2023, with just
over £1m worth of funding to be paid to 70 projects, generating
£1.4m of private sector investment. The scheme will also
reopen to applicants this year, utilising the LEP’s own funding.
Growing Places Fund
The Growing Places Fund provides loan funding to help
kickstart and support development projects across Norfolk
and Suffolk. From innovation centres that will help launch new
start-ups to transforming empty land into new homes and
commercial premises, the initiative provides infrastructure loan
funding to projects that might otherwise have stalled or not
started at all.
Business Transition to Net Zero
The Business Transition to Net Zero grant scheme is aimed at
businesses in Norfolk and Suffolk with ambitions to reduce
their carbon footprint and increase productivity. Grants
between £25,000 and £100,000 are available, with a maximum
intervention rate of 20% of the cost of the development. To
be awarded the minimum of £25,000, you must show total
project costs of at least £125,000.
The scheme will fund capital developments, rather than
LED lighting or the supply or installation of solar panels.
Eligible schemes will include those which improve productivity
for the business and supply chain and make use of clean and/
or renewable energy production and the recycling of goods
and materials.
Above: Joe and Mike Hill of
Norwich company Planet Pizza have
had two successful pitches for funding from New Anglia Capital
Below: The team at Frugalpac,
one of the growing businesses
at Futura Park in Suffolk
7
Attracting Investment
New Anglia Capital
This equity investment fund invests in pre-revenue and early-
stage companies looking to grow and create new jobs in the
region. Delivered in conjunction with regional angel investors,
the programme also supports the growth of the angel network
in Norfolk and Suffolk. New Anglia Capital has seen two
successful exits to date from a total investment portfolio of
24 companies. The £5m equity investment fund has invested
£3.6m to date into opportunities in the region.
Enterprise Zones (EZ)
New Anglia LEP hosts two Enterprise Zones (both multi-site):
the Great Yarmouth and Lowestoft EZ and Space to Innovate
EZ. The two zones promote development opportunities across
16 commercial sites in Norfolk and Suffolk focused on key
sectors, and New Anglia LEP continues to work in partnership
with county and district local authorities, landowners and
developers to attract investment and deliver local growth,
providing incentives where possible.
There is also an ambition to accelerate investment in clean
growth and renewable energy under the current Economic
Strategy. Recent major investments and commercial
developments have been secured or completed for Norwich
Research Park, Suffolk Park (Bury St Edmunds), Eastern
Gateway (Sproughton), Nar Ouse (King’s Lynn) and Futura
Park (Ipswich). The LEP is also working with partners to
progress commercial development opportunities and projects
in key EZ locations including Great Yarmouth (Offshore Wind
O&M Campus) and Stowmarket (Skills & Innovation Centre,
Gateway14 Freeport East/EZ site).
Inward Investment
Our Inward Investment team will continue to promote Norfolk
& Suffolk on a global stage to attract and retain inward
investment, monitoring and responding to the continuing
volatility of the international trading and investment
environment. We will also engage with significant regional
companies to support growth, development, retention and
expansion within the counties.
We will focus on the key sectors of Agri-food and Space to
determine the market demand and business investment within
the region by procuring expert business intelligence and adding
value to sector-focused research being undertaken by the
Sectors Team.
In addition, we will use the learnings from previously procured
campaign and analysis work to renew all of the Norfolk &
Suffolk brand assets and promote our significant sectors
with two campaigns focused around our High Performance
Organisations (HPOs) in order to build a self-generated, high-
quality pipeline of enquires and opportunities.
8
Strengthening Clusters
Industry Councils
Industry councils representing our three high growth strategic
opportunities – agri-food, digital tech and all energy – support
the work of New Anglia LEP. They bring together industry
leaders, local businesses, public sector and education partners
to deliver strong leadership to drive forward our world-leading
potential in these sectors. They help to highlight our region’s
sectors to Government and audiences across the UK and
globally.
The Norfolk & Suffolk All Energy Industry Council has
supported the major energy infrastructure projects planned or
under consideration, including offshore wind developments and
nuclear new-build, as well as promoting our inward investment
offer under the ‘GENERATE’ brand. New ‘Sector Councils’
representing key parts of the energy sector have now been
established to create a stronger focus on those specific clusters
and areas of opportunity, including offshore wind, marine
science and hydrogen. A focus on energy skills
remains a priority across all these
partnership activities.
The Norfolk & Suffolk Agri-Food Industry Council will
build on activity to enhance the regional relationship with
Cambridgeshire and Lincolnshire around agri-tech, diet and
health, and sustainability. The Council will continue to shape
project proposals, such as the Agri-Tech Launchpad, to target
investment and innovation opportunities. It will work with the
sector on key areas such as the agricultural transition, food
security, diets and health, and the skills and staffing issues
affecting the sector.
It will continue to work with industry to support the Local Skills
Improvement Plans being developed by the Norfolk and Suffolk
Chambers of Commerce, and to provide evidence to the various
Government inquiries and consultations. Additionally, the
Council will focus on industrial decarbonisation in the agri-food
sector working closely with Innovate UK Knowledge Transfer
Network (KTN) and local partners.
The Norfolk & Suffolk Council for Digital Tech is jointly
overseeing the Connected Innovation Programme, alongside
the Innovation Board. The Council is keen to ensure Norfolk
and Suffolk unlocks our full potential in digital technologies.
Representation on the Council has been widened out to
support activity across AI, machine learning, quantum, space
technologies, and gaming, which will support many of our
key sectors.
Industrial Decarbonisation
This pilot will build on the Road to Net Zero Business Support
Programme by developing a Norfolk-wide, industry-led
roadmap establishing how we support agri-food to decarbonise
by capitalising on local strategic opportunities: clean energy,
digital/ICT and the broader supporting economic pillars of
innovation, skills, business support and infrastructure. It fills a
strategic gap with respect to industrial emissions in Norfolk in
that 35% of all emissions are from this sector and 51% of those
emissions are from agri-food.
Working with the KTN and local partners, opportunities will be
taken to diffuse innovation and knowledge across the economy,
including less energy intensive industries such as advanced
manufacturing and engineering as appropriate. It will also look
to use knowledge from the large industrial emitters across
Norfolk to support SME peer-to-peer learning in the agri-food
sector and beyond.
This pilot will inform a Norfolk and Suffolk-wide proposal
that will be submitted into government’s Local Industrial
Decarbonisation Plans competition which is due to be launched
in Summer 2023.
Below: Grativilab is among the businesses in the
region’s space sector and is located at one
of our Space Innovate Enterprise
Zone sites.
9
Sector Groups
In addition to the Industry Councils, the LEP actively supports
and attends a number of business sector or networking
groups covering key sectors such as the visitor economy,
manufacturing, financial services, construction, culture, creative
industries, and the voluntary, community and social enterprise
(VCSE) sector. Through this collaborative approach, the LEP
helps to explore cross-sector innovation opportunities and
drives business engagement with academia to ensure skills
needs are well understood across sectors.
These groups bring together businesses, Government and
education partners to help identify, shape and drive forward the
sector priorities.
The LEP has secured additional funding to deliver the
following sector development programmes:
New Anglia Advanced Manufacturing and
Engineering (NAAME)
NAAME has secured funding from New Anglia LEP,
the Suffolk Inclusive Growth Investment Fund, Norfolk
County Council and Norfolk’s District, Borough and
City Councils for a two-year extension to the end of
March 2025.
NAAME’s Cluster Manager is hosted by the LEP and
will lead the delivery of a package of tailored, specialist
business support aimed at meeting the future needs of
specific sectors, such as through Skills Bootcamps which
are co-delivered by industry.
This will build on current NAAME activity to share
knowledge and peer-to-peer learning, increase the
adoption and diffusion of innovative technologies in
the sector, support with supply chain connections
and partnerships (such as those around the nationally
significant infrastructure projects related to the
clean energy sector) and facilitate new contracts and
collaborations across the cluster.
Creative East
New Anglia LEP secured £1.275m from the Department
of Culture, Media & Sport (DCMS) leading a consortium
bid to deliver the Creative East investment readiness
and scale-up programme for creative industries across
Norfolk, Suffolk, Cambridgeshire and Peterborough.
This project reports into both the Creative Industries
Group and the Norfolk and Suffolk Culture Board. The
consortium includes the lead delivery partner, UEA, as
well as University of Suffolk, Norwich University of the
Arts, ARU Peterborough, New Anglia LEP, Cambridgeshire
and Peterborough Combined Authority, Norfolk County
Council and Suffolk County Council.
In addition to helping 80-100 businesses scale-up, the
project will work to promote awareness of the creative
industries sector to investor networks and will provide
much needed grant funding to creative industries
businesses through the Innovate UK competitions
targeted towards the six participating ‘Create Growth
Programme’ regions.
Space East Cluster
Following the LEP’s successful bid to the UK Space Agency to
establish the Space East Cluster, the cluster has been officially
launched with a Cluster Manager now in post to drive activity
and projects which support the downstream application of
space technologies to support Norfolk and Suffolk’s key sectors
(which include agri-food, clean energy, and marine science),
as well as identifying opportunities to support those involved
in upstream opportunities such as microgravity research and
testing. The cluster is working very closely with industry,
universities, the Satellite Applications Catapult, UK Space
Agency and European Space Agency to drive new business
opportunities, investment and skills in the region.
For further information on NAAME visit
www.naame.co.uk
For further information on Creative East visit
www.creativeeast.org.uk
For further information on Space East visit
www.spaceeast.co.uk
Above: Organisers and key
speakers at NAAME’s 2022 conference
Above: Minister of State for Science, Research
and Innovation George Freeman speaking at the
Connected Innovation Conference at Adastral Park
10
Driving Innovation
New Anglia Innovation Board
The Innovation Board plays an important strategic role in
helping to shape the innovation agenda across our priority
sectors, as well as prioritising a focus on clean growth.
It has an agreed set of high-level strategic objectives:
Norfolk and Suffolk are recognised as centres for pioneering
ideas, meeting the challenges we face globally.
Science and innovation are net contributors to the Norfolk
and Suffolk economy.
A highly skilled workforce equipped with the skills necessary
to access the techniques and business practices needed for
innovation.
Existing assets continue to strengthen and develop into a
pan-regional innovation ecosystem.
Overseeing the delivery of the Connected Innovation
programme to enhance cross-sector innovation, the
application of science and technology, and strengthening
the links with Innovate UK and Government departments.
Building on the success achieved to date through the LEP’s
Connected Innovation programme and having secured
agreement from Innovate UK, New Anglia LEP will be
developing an Innovation Action Plan with Innovate UK to
formalise the relationship between the network and unlock
more innovation opportunities with the wider Innovate UK
family, including the Catapults. The Innovation Action Plan for
Norfolk and Suffolk is due to be launched in autumn 2023.
The LEP has also recently published a new Innovation
Prospectus, profiling our science and innovation clusters
and centres of excellence, and this can be found here
New-Anglia-LEP-Innovation-Prospectus-Feb-23.pdf
(newanglia.co.uk)
Connected Innovation
The LEP’s Connected Innovation programme, which reports
into the Innovation Board and Council for Digital Tech, links
together 24 innovation hubs and centres, universities, research
institutes and co-working spaces to:
Drive collaboration and knowledge exchange
Promote cross-sector innovation, looking at specific
opportunities such as Freeport East, Sizewell C, Hydrogen
and Offshore Wind projects
Support the business base with the adoption and diffusion
of technologies
Simplify the business and innovation support landscape,
working closely with New Anglia Growth Hub, Innovate
UK EDGE and specific programmes for businesses, such
as Innovation Grant Mentoring and the Growth Through
Innovation Fund.
As well as creating a peer network led by New Anglia LEP for
representatives of the 24 sites, Connected Innovation acts
as the front door for Government Departments such as the
new Department for Science,
Innovation and Technology and Innovate UK.
This relationship has driven a wide range of opportunities for
businesses and will continue to do so across knowledge transfer
partnerships with our regional universities, introductions to
the national Catapult Network and the provision of timely
information on key innovation funding competitions.
An online platform has been created which showcases the
support available to businesses and key innovation events
across Norfolk and Suffolk. Over the next two years, the
programme will have an even stronger focus on the people and
skills agenda, enhance the links with the research community,
develop our innovation clusters, and continue to build on the
relationship with investor networks locally and nationally.
Above: Sophia Gentile was among
those to benefit from the LEP’s Skills Bootcamps
Strengthening the Workforce
11
Skills Bootcamps
The LEP, Norfolk County Council and Suffolk County Council
are working in partnership to deliver the Department of
Education (DfE) funded Skills Bootcamps across Norfolk and
Suffolk and where appropriate beyond.
The initiative aims to secure employment and skills benefits for
adults 19+ by providing access to in-demand skills training and
a guaranteed interview — delivering sustainable, higher skilled
jobs and higher wages over time.
They last up to 16 weeks and provide training with content
mainly at Level 3 standard or above (A Level equivalent). The
scheme will help employers who wish to retrain their existing
staff, leading to increased productivity and the development of
new business. They also offer opportunities to individuals who
are self-employed, or any adult employed or unemployed, who
is looking to gain new skills to enable them to progress.
Following the successful delivery of the programme last year,
the DfE has award the LEP a further £1.2 million, enabling us to
extend the courses available across, construction, digital and
technical, green skills, leadership and management, health and
social care and logistics to upskill 322 adults.
Communications
The LEP will continue to provide strategic communications
support for all of our business support programmes and
strategic projects. There will be a focus on promoting our
innovation networks, our sector specialisms alongside the work
of the Inward Investment team, and on delivering stakeholder
engagement activity to support the changing and future role of
the LEP.
Internal communications will also play an important role in the
coming year to ensure all employees are kept fully appraised of
the move towards transition.
New Anglia Careers Hub
The Careers Hub comprises of 136 schools across Norfolk and
Suffolk and has been set up with the aim of supporting all
schools in the Hub with working towards fully achieving all
eight Gatsby Benchmarks.
This is to be achieved through the support of matched
Enterprise Advisers, who are volunteers from local businesses
and the team of eight Enterprise Coordinators. Enterprise
Coordinators recruit, train and match Enterprise Advisers
to schools across the region. The Careers Hub also supports
schools and colleges with CPD (Continuing Personal
Development) sessions, sharing of careers best practice and up
to date labour market information to support young people
with informed careers choices.
Targets for delivery are as follows:
80% 90% 5
Schools and
Colleges in the
Careers Hub
fully achieving
Gatsby
Benchmark 1
Schools and
colleges in the
Careers Hub
achieving no
fewer than
3 Gatsby
Benchmarks
Average no of
benchmarks
achieved
Skills Advisory Panel
While our Skills Advisory Panel has been paused, we recognise,
along with Norfolk and Suffolk County Councils, that there is a
need to maintain a strategic approach to skills and the labour
market. In the coming weeks, the LEP and the two county
councils will work in partnership through the Skills Hub to
identify how best this can be done.
Dynamic evidence base
We will continue to evolve and maintain a robust shared local
evidence base that underpins strategies, directs the design of
interventions, and supports policy and investment decisions to
help ensure impact and value for money.
12
Growth Deal
Output Category Forecast
to 2025
Actuals
to date
% of 2025
forecast met
Forecast
for 2023/24
Jobs Created 2,467 3,583 145% 55
Apprentices 87 94 108% 0
Safeguarded Jobs 0 2,697 NA 0
New Commercial
Floorspace (Sqm)
38,885 40,438 104% 0
New Homes 1,195 916 77% 95
New Road (km) 25.1 27.9 111% 0
New Cycleway (km) 0.0 14.8 NA 0
Learning Space
Created (Sqm)
23,599 29,650 126% 0
Learners Assisted 6,882 5,652 82% 1,304
Public Investment (£) 514,650,575 571,042,745 111% 12,122,695
Private Investment (£) 202,760,998 274,955,010 136% 0
Homes with lower
Flood Risk
560 2,417 432% 0
Commercial Property
with lower Flood Risk
542 199 37% 0
Output Category Forecast
to 2025
Actuals
to date
% of 2025
forecast met
Forecast
for 2023/24
Jobs Created
(Incl. Apprentices)
475 115 24% 60
Safeguarded Jobs 1,070 1,094 102% 0
New Homes 15 12 80% 0
New Commercial
Floorspace (sqm)
12,965 5,587 43% 2,100
New R&D
Floorspace (sqm)
3,981 3,981 100% 0
Super/Ultrafast
Broadband connections
5,264 5,684 108% 0
Learning Space (sqm) 4,500 4,500 100% 0
Learners Assisted 355 0 0% 125
Public Realm or Green
Space
6,154 655 11% 5,499
CO2 Emissions Avoided 240,900 0 0% 98,000
Public Investment (£) 75,136,968 45,275,308 60% 33,226,271
Private Investment (£) 13,850,516 12,153,934 88% 2,000,000
Our ambition is to transform the local economy
into a global centre for talent and innovation.
To achieve this, we signed a multi-million-pound
Growth Deal with Government to boost the
region’s skills, drive innovation, target support
to help small businesses to grow and improve
transport and infrastructure.
New Anglia LEP was awarded £290m by
Government from the Local Growth Fund to
deliver the Growth Deal. However, the Growth
Deal has effectively ended and there is no
further Local Growth Fund allocation for the
coming year.
Growth Deal Progress Toward Forecast Outputs
Getting Building Fund Progress Toward Forecast Outputs
Getting Building Fund
New Anglia LEP was allocated £32.1m from
the Getting Building Fund at the beginning of
August 2020 for a wide-ranging package of
projects that will support the local economy.
In Norfolk and Suffolk, the funded projects
are expected to deliver benefits throughout
the two counties, focussing on key sectors
including tourism, food production, health and
social care, and energy. The funding will enable
a number of local market towns to become
more resilient. Direct support has been given to
businesses through the Business Resilience and
Recovery Scheme. There is more emphasis on
green recovery and cleaner, sustainable growth,
with the indicative outputs including green
space, energy efficiency and greenhouse gas
emission savings.
13
LEP Forecast
Outputs 2023/24
The delivery of the Economic Strategy and the achievement of its targets
requires the collective endeavours of the private and public sectors. We
have set the following objectives for 2023/24 which will help achieve the
overall targets by 2036. The 2022/23 figures are subject to final audit.
The reduction in targets for this year reflects the end of many of the LEP’s
capital programmes.
Jobs Created/Safeguarded
2,026
1,161
Actual 2022/23
Target 2023/24
New Businesses
315
155
Actual 2022/23
Target 2023/24
New Homes
44
95
Actual 2022/23
Target 2023/24
Private Sector Match Funding
£43.7m
£38.7m
Actual 2022/23
Target 2023/24
New Anglia LEP’s board is business-led. It is comprised of highly committed
leaders from the private sector, public sector and education.
Its role is to guide and advise the executive team to ensure a sharp focus
on activities to help grow jobs and remove the barriers to growth for
business. The board is required to approve the LEP’s significant and strategic
decisions, including its annual budget, business plans and the Economic
Strategy. It also retains overall responsibility for risk and performance.
Our board members give their time voluntarily to support the LEP.
More information about how the LEP operates, and its processes and
procedures, can be found in its Local Assurance Framework.
This covers how our board is formed and governed, how our decisions are
made and how our programmes are funded and managed. It also provides
the Government with assurance that the LEP is operating correctly.
14
Our Board
You can view details of our board members online at
www.newanglia.co.uk/our-board
Dates for board meetings, agendas, papers and registers of
interests for all board members are available at
www.newanglia.co.uk/our-board
For more information visit
www.newanglia.co.uk/governance-decision-making-and-faqs/
Remuneration Committee
Provides a formal and transparent
procedure on behalf of the LEP board
for developing and implementing
policy on LEP senior executive
remuneration.
New Anglia Capital
A co-investment fund aiming to
stimulate entrepreneurship across
Norfolk and Suffolk, with £2 million of
funding from New Anglia LEP.
Audit & Risk Committee
Ensures the development and
implementation of the LEP policies on
strategic risk management, financial
reporting, audit process, system
of internal controls and ensures
compliance with the Assurance
Framework.
New Anglia Growth Hub
The New Anglia Growth Hub provides
access to a range of advice and
services for businesses in Norfolk
and Suffolk.
Industry Councils
Providing strategic leadership for key
sectors in the region:
Norfolk & Suffolk All Energy
Industrial Council
Norfolk & Suffolk Agri-Food
Industry Council
Norfolk & Suffolk Digital Tech
Council
15
Investment Appraisal Committee
Ensures allocation of funding is
delivered appropriately through
the LEP’s Growing Places Fund,
Growing Business Fund, Capital
Growth Programme, Enterprise Zone
Accelerator Fund, and other funds.
Small Grant Scheme Panel
Makes decisions on allocations of
funding through the LEP’s Small Grant
Scheme.
Innovation Board
Maintains strategic focus and thought
leadership in innovation on behalf
of the main LEP Board and supports
the delivery of innovation activity
outlined in the Economic Strategy.
Committees Advisory Boards Business Support
Executive Team
Responsible for the LEP’s day-to-day running.
New Anglia LEP Board
Guides the executive team to ensure razor sharp focus on activities to
help grow jobs and remove the barriers to growth for business.
Approves the LEP’s significant and strategic decisions, including annual
budget and business plans and the LEP’s Strategic Economic Plan.
Oversees risk and performance.
Takes decisions for the areas covered by its sub-boards
and committees.
For more information,
please visit newanglia.co.uk
Call 01603 510070
Twitter @NewAngliaLEP
LinkedIn New Anglia Local Enterprise Partnership
Figures are correct on 30th April 2023