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

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.

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

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.

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

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.

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.

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

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

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.

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.

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

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.

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

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