SlideShare une entreprise Scribd logo
1  sur  16
Télécharger pour lire hors ligne
Let’s hear it for
the South West
Alistair Reekie
Government Office for the South West
Why are we where we are?
• Budget deficit
• Dislike of Big Government
• Dislike of Regions
Policy responses
• Localism
• Local Enterprise Partnerships
• Big Society
• Regional Growth Fund
Regional Growth Fund
Regional Growth Fund was launched by
publication of the Local Growth White
Paper on 28 October
RGF’s Objectives
• To encourage private sector enterprise by
providing support for projects with significant
potential for economic growth and create
additional sustainable private sector
employment;
• To support in particular those areas and
communities that are currently dependent on the
public sector make the transition to sustainable
private sector led growth and prosperity
RGF Parameters
• £1.4 billion
• It will be allocated over three years (2011-
2014)
• Applies to England only
• It’s a Challenge fund, to be held over
several rounds
RGF Parameters
• Bids must meet at least one of the
objectives
• Minimum bid threshold of £1m
• Is available to bids from the private sector
and private/public partnerships (LEP can
play a role in co-ordinating bids in the
areas they cover but will not have
preferred bidding status)
First round of bidding
• The first Round will open with the launch
of the fund, it closes on the 21st
January
2011
• This will be a one stage process
• With two bidding models: Projects and
Packages of Projects
• Successful bids notified in the Spring 2011
• Funds will be released on completion of
pre agreed milestones
Bidding Models
• Projects: Bids that will comprise individual
projects that make a specific and significant
contribution to the core aims of the RGF. These
bids will individually need to meet the minimum
bidding threshold.
• Project packages: Bids that will be presented
as a coherent package, bringing together a
number of projects that make a specific and
significant contribution to the core aims of the
RGF. Collectively, each package must meet the
minimum bidding threshold.
Bidding Models
• Programmes: Bids from individual bodies
or partnerships for strategic capital
investment, whose collective aim meets
the criteria of the RGF. This form of
proposal is likely to be most workable for
partnerships involving social enterprises,
such as groups of Community
Development Finance Institutions.
Collectively, each package must meet the
minimum bidding threshold
Independent Advisory Panel
• Chaired by Lord Heseltine, Sir Ian
Wrigglesworth Deputy Chair
• Receives a two page summary of each
bid, and a matrix of all the bids
• Reviews the fund against the two
objectives
• Recommend to Ministers which bids
should receive funding
Ministerial Committee
• Chaired by the DPM, First Secretary to the
Treasury, SoSs: BIS, DCLG, DfT, Defra
• They make the final decision on which
bids are successful
• Make provisional offer that sets out basic
terms and conditions
Due Diligence
• Will vary according to the nature of the bidder
• Detailed analysis of financial model
• Detailed check of Business Plan
• Confirmatory due diligence will be commissioned
by the applicant from a third party
Further sources of information
Web:
www.bis.gov.uk/policies/regional-economic-de
Email: growthfund@bis.gsi.gov.uk
Recognise this?
The seven Domesday Book regions
or ‘circuits’ 1086

Contenu connexe

Tendances

LINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTURE
LINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTURELINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTURE
LINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTUREFAO
 
TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...
TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...
TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...Transformational Business Network
 
Accelerate ayrshire scottishinvestmentbank
Accelerate ayrshire scottishinvestmentbankAccelerate ayrshire scottishinvestmentbank
Accelerate ayrshire scottishinvestmentbankMartin Jack
 
Ignite your future solent funding
Ignite your future solent fundingIgnite your future solent funding
Ignite your future solent fundingAlan Scrase
 
Creating markets for social enterprises: the potential of Corporate Social ...
Creating markets for social enterprises:  the potential of  Corporate Social ...Creating markets for social enterprises:  the potential of  Corporate Social ...
Creating markets for social enterprises: the potential of Corporate Social ...OECD CFE
 
Investing in Social Housing: A Win-Win Opportunity
Investing in Social Housing: A Win-Win OpportunityInvesting in Social Housing: A Win-Win Opportunity
Investing in Social Housing: A Win-Win OpportunityRedington
 
BASIC FINANCE - Income theory
BASIC FINANCE - Income theoryBASIC FINANCE - Income theory
BASIC FINANCE - Income theorywenmarkeexhian93
 
State of Play of Housing First in Europe
State of Play of Housing First in EuropeState of Play of Housing First in Europe
State of Play of Housing First in EuropeFEANTSA
 
The role of Government in the Social Economy
The role of Government in the Social EconomyThe role of Government in the Social Economy
The role of Government in the Social EconomyOECD CFE
 
National Programme for Social Economy Development in Poland
National Programme for Social Economy Development in PolandNational Programme for Social Economy Development in Poland
National Programme for Social Economy Development in PolandOECD CFE
 
Parkridge Homes and Strong Housing Presentation
Parkridge Homes and Strong Housing PresentationParkridge Homes and Strong Housing Presentation
Parkridge Homes and Strong Housing PresentationSylvonna Reed
 
The Role of The Private Sector In Development Finance-MOOC Assignment
The Role of The Private Sector In Development Finance-MOOC AssignmentThe Role of The Private Sector In Development Finance-MOOC Assignment
The Role of The Private Sector In Development Finance-MOOC AssignmentAfia Agyekum
 
International compensation management
International compensation managementInternational compensation management
International compensation managementPooja Vishnoi
 

Tendances (17)

LINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTURE
LINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTURELINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTURE
LINKAGES BETWEEN CAADP AND SECTOR APPROACHES IN AGRICULTURE
 
TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...
TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...
TBN National Conf. '11 - Charlie Donald - Gulf TBN and International Enterpri...
 
Accelerate ayrshire scottishinvestmentbank
Accelerate ayrshire scottishinvestmentbankAccelerate ayrshire scottishinvestmentbank
Accelerate ayrshire scottishinvestmentbank
 
Ignite your future solent funding
Ignite your future solent fundingIgnite your future solent funding
Ignite your future solent funding
 
Exxaro Ownership case study
Exxaro Ownership case studyExxaro Ownership case study
Exxaro Ownership case study
 
Creating markets for social enterprises: the potential of Corporate Social ...
Creating markets for social enterprises:  the potential of  Corporate Social ...Creating markets for social enterprises:  the potential of  Corporate Social ...
Creating markets for social enterprises: the potential of Corporate Social ...
 
Investing in Social Housing: A Win-Win Opportunity
Investing in Social Housing: A Win-Win OpportunityInvesting in Social Housing: A Win-Win Opportunity
Investing in Social Housing: A Win-Win Opportunity
 
BASIC FINANCE - Income theory
BASIC FINANCE - Income theoryBASIC FINANCE - Income theory
BASIC FINANCE - Income theory
 
State of Play of Housing First in Europe
State of Play of Housing First in EuropeState of Play of Housing First in Europe
State of Play of Housing First in Europe
 
The role of Government in the Social Economy
The role of Government in the Social EconomyThe role of Government in the Social Economy
The role of Government in the Social Economy
 
National Programme for Social Economy Development in Poland
National Programme for Social Economy Development in PolandNational Programme for Social Economy Development in Poland
National Programme for Social Economy Development in Poland
 
Unpacking local content requirements in the extractive sector: What implicati...
Unpacking local content requirements in the extractive sector: What implicati...Unpacking local content requirements in the extractive sector: What implicati...
Unpacking local content requirements in the extractive sector: What implicati...
 
Parkridge Homes and Strong Housing Presentation
Parkridge Homes and Strong Housing PresentationParkridge Homes and Strong Housing Presentation
Parkridge Homes and Strong Housing Presentation
 
Module - Audiovisual Media Budgeting and Financing
Module - Audiovisual Media Budgeting and FinancingModule - Audiovisual Media Budgeting and Financing
Module - Audiovisual Media Budgeting and Financing
 
Nonprofit Accounting & Reporting for Endowments
Nonprofit Accounting & Reporting for EndowmentsNonprofit Accounting & Reporting for Endowments
Nonprofit Accounting & Reporting for Endowments
 
The Role of The Private Sector In Development Finance-MOOC Assignment
The Role of The Private Sector In Development Finance-MOOC AssignmentThe Role of The Private Sector In Development Finance-MOOC Assignment
The Role of The Private Sector In Development Finance-MOOC Assignment
 
International compensation management
International compensation managementInternational compensation management
International compensation management
 

En vedette

Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...
Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...
Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...SWF
 
HotSW ESIF 19 03_15
HotSW ESIF 19 03_15HotSW ESIF 19 03_15
HotSW ESIF 19 03_15SWF
 
HotSW LEP people theme
HotSW LEP people themeHotSW LEP people theme
HotSW LEP people themeSWF
 
Chris Irwin - Transport
Chris Irwin - Transport   Chris Irwin - Transport
Chris Irwin - Transport SWF
 
Influencing health & wellbeing rachel robinson
Influencing health & wellbeing rachel robinsonInfluencing health & wellbeing rachel robinson
Influencing health & wellbeing rachel robinsonSWF
 
Workshop - Evidencing your impact –showing what works
Workshop - Evidencing your impact –showing what worksWorkshop - Evidencing your impact –showing what works
Workshop - Evidencing your impact –showing what worksSWF
 
Jo Traill-Thomson - Environment Priorities 2010
Jo Traill-Thomson - Environment Priorities 2010Jo Traill-Thomson - Environment Priorities 2010
Jo Traill-Thomson - Environment Priorities 2010SWF
 
Health and Wellbeing Integration in Plymouth
Health and Wellbeing Integration in PlymouthHealth and Wellbeing Integration in Plymouth
Health and Wellbeing Integration in PlymouthSWF
 

En vedette (8)

Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...
Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...
Maintaining the Business Case for Equality - Reducing Risk and Ensuring Compl...
 
HotSW ESIF 19 03_15
HotSW ESIF 19 03_15HotSW ESIF 19 03_15
HotSW ESIF 19 03_15
 
HotSW LEP people theme
HotSW LEP people themeHotSW LEP people theme
HotSW LEP people theme
 
Chris Irwin - Transport
Chris Irwin - Transport   Chris Irwin - Transport
Chris Irwin - Transport
 
Influencing health & wellbeing rachel robinson
Influencing health & wellbeing rachel robinsonInfluencing health & wellbeing rachel robinson
Influencing health & wellbeing rachel robinson
 
Workshop - Evidencing your impact –showing what works
Workshop - Evidencing your impact –showing what worksWorkshop - Evidencing your impact –showing what works
Workshop - Evidencing your impact –showing what works
 
Jo Traill-Thomson - Environment Priorities 2010
Jo Traill-Thomson - Environment Priorities 2010Jo Traill-Thomson - Environment Priorities 2010
Jo Traill-Thomson - Environment Priorities 2010
 
Health and Wellbeing Integration in Plymouth
Health and Wellbeing Integration in PlymouthHealth and Wellbeing Integration in Plymouth
Health and Wellbeing Integration in Plymouth
 

Similaire à Alistair Reekie gosw sw-regional-growth-fund-presentation

Cross Whitehall Prosperity Framework | Supplier Engagement
Cross Whitehall Prosperity Framework | Supplier Engagement Cross Whitehall Prosperity Framework | Supplier Engagement
Cross Whitehall Prosperity Framework | Supplier Engagement UKinBrazilNetwork
 
Rural Development Programme Funding opportunities 2017
Rural Development Programme Funding opportunities 2017Rural Development Programme Funding opportunities 2017
Rural Development Programme Funding opportunities 2017PKF Francis Clark
 
Procurement policy update - Procurement mini-conference 2014
Procurement policy update - Procurement mini-conference 2014Procurement policy update - Procurement mini-conference 2014
Procurement policy update - Procurement mini-conference 2014walescva
 
Industrial Strategy: Prospering from the energy revolution - Rob Saunders, In...
Industrial Strategy:Prospering from the energy revolution - Rob Saunders, In...Industrial Strategy:Prospering from the energy revolution - Rob Saunders, In...
Industrial Strategy: Prospering from the energy revolution - Rob Saunders, In...KTN
 
LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)
LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)
LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)South West Observatory
 
Roadshow Slides
Roadshow SlidesRoadshow Slides
Roadshow Slidesbisgovuk
 
Presentation of the Guidelines 2016_ English.pptx
Presentation of the Guidelines 2016_ English.pptxPresentation of the Guidelines 2016_ English.pptx
Presentation of the Guidelines 2016_ English.pptxMamdouh Mohamed
 
Prof. dan finn third sector service delivery - tsrc esrc seminar
Prof. dan finn   third sector service delivery - tsrc esrc seminarProf. dan finn   third sector service delivery - tsrc esrc seminar
Prof. dan finn third sector service delivery - tsrc esrc seminarThird Sector Research Centre
 
ATI programme: R&D funding for smaller business
ATI programme: R&D funding for smaller businessATI programme: R&D funding for smaller business
ATI programme: R&D funding for smaller businessKTN
 
International Trade CDC presentation
International Trade CDC presentationInternational Trade CDC presentation
International Trade CDC presentationPhilip Locke
 
Gavin Stoddart - Presentation. Vladivostok january 2013 25 01
Gavin Stoddart - Presentation. Vladivostok january 2013 25 01Gavin Stoddart - Presentation. Vladivostok january 2013 25 01
Gavin Stoddart - Presentation. Vladivostok january 2013 25 01Инесса Бабич
 
Transforming Foundation Industries - Investor Partnership Launch Event
Transforming Foundation Industries - Investor Partnership Launch EventTransforming Foundation Industries - Investor Partnership Launch Event
Transforming Foundation Industries - Investor Partnership Launch EventKTN
 
Growth entrepreneurship - Finland
Growth entrepreneurship - FinlandGrowth entrepreneurship - Finland
Growth entrepreneurship - FinlandNordic Innovation
 
Presentation to JEI 300914
Presentation to JEI 300914Presentation to JEI 300914
Presentation to JEI 300914Jim Copeland
 
State aid workshop - London, September 2017
State aid workshop - London, September 2017State aid workshop - London, September 2017
State aid workshop - London, September 2017Browne Jacobson LLP
 

Similaire à Alistair Reekie gosw sw-regional-growth-fund-presentation (20)

Cross Whitehall Prosperity Framework | Supplier Engagement
Cross Whitehall Prosperity Framework | Supplier Engagement Cross Whitehall Prosperity Framework | Supplier Engagement
Cross Whitehall Prosperity Framework | Supplier Engagement
 
Rural Development Programme Funding opportunities 2017
Rural Development Programme Funding opportunities 2017Rural Development Programme Funding opportunities 2017
Rural Development Programme Funding opportunities 2017
 
Procurement policy update - Procurement mini-conference 2014
Procurement policy update - Procurement mini-conference 2014Procurement policy update - Procurement mini-conference 2014
Procurement policy update - Procurement mini-conference 2014
 
Industrial Strategy: Prospering from the energy revolution - Rob Saunders, In...
Industrial Strategy:Prospering from the energy revolution - Rob Saunders, In...Industrial Strategy:Prospering from the energy revolution - Rob Saunders, In...
Industrial Strategy: Prospering from the energy revolution - Rob Saunders, In...
 
LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)
LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)
LEPs to Date and the Importance of the Evidence Base - Andrew Field (BIS)
 
Local impact funds
Local impact fundsLocal impact funds
Local impact funds
 
Roadshow Slides
Roadshow SlidesRoadshow Slides
Roadshow Slides
 
Homes England - Making Homes Happen
Homes England - Making Homes HappenHomes England - Making Homes Happen
Homes England - Making Homes Happen
 
Presentation of the Guidelines 2016_ English.pptx
Presentation of the Guidelines 2016_ English.pptxPresentation of the Guidelines 2016_ English.pptx
Presentation of the Guidelines 2016_ English.pptx
 
Prof. dan finn third sector service delivery - tsrc esrc seminar
Prof. dan finn   third sector service delivery - tsrc esrc seminarProf. dan finn   third sector service delivery - tsrc esrc seminar
Prof. dan finn third sector service delivery - tsrc esrc seminar
 
Presentatie justine prain
Presentatie justine prainPresentatie justine prain
Presentatie justine prain
 
ATI programme: R&D funding for smaller business
ATI programme: R&D funding for smaller businessATI programme: R&D funding for smaller business
ATI programme: R&D funding for smaller business
 
SIB local impact funds
SIB local impact fundsSIB local impact funds
SIB local impact funds
 
International Trade CDC presentation
International Trade CDC presentationInternational Trade CDC presentation
International Trade CDC presentation
 
Gavin Stoddart - Presentation. Vladivostok january 2013 25 01
Gavin Stoddart - Presentation. Vladivostok january 2013 25 01Gavin Stoddart - Presentation. Vladivostok january 2013 25 01
Gavin Stoddart - Presentation. Vladivostok january 2013 25 01
 
Transforming Foundation Industries - Investor Partnership Launch Event
Transforming Foundation Industries - Investor Partnership Launch EventTransforming Foundation Industries - Investor Partnership Launch Event
Transforming Foundation Industries - Investor Partnership Launch Event
 
CBO Peer Learning Event: Employment, housing & crime: Working with investors
CBO Peer Learning Event: Employment, housing & crime: Working with investorsCBO Peer Learning Event: Employment, housing & crime: Working with investors
CBO Peer Learning Event: Employment, housing & crime: Working with investors
 
Growth entrepreneurship - Finland
Growth entrepreneurship - FinlandGrowth entrepreneurship - Finland
Growth entrepreneurship - Finland
 
Presentation to JEI 300914
Presentation to JEI 300914Presentation to JEI 300914
Presentation to JEI 300914
 
State aid workshop - London, September 2017
State aid workshop - London, September 2017State aid workshop - London, September 2017
State aid workshop - London, September 2017
 

Plus de SWF

Social Value in Somerset
Social Value in SomersetSocial Value in Somerset
Social Value in SomersetSWF
 
South West Integrated Personal Commissioning Programme - Giving People Choice...
South West Integrated Personal Commissioning Programme - Giving People Choice...South West Integrated Personal Commissioning Programme - Giving People Choice...
South West Integrated Personal Commissioning Programme - Giving People Choice...SWF
 
Commissioning With Insight: Devon Healthy Lifestyle Service
Commissioning With Insight: Devon Healthy Lifestyle ServiceCommissioning With Insight: Devon Healthy Lifestyle Service
Commissioning With Insight: Devon Healthy Lifestyle ServiceSWF
 
Making Procurement Law Work For You
Making Procurement Law Work For YouMaking Procurement Law Work For You
Making Procurement Law Work For YouSWF
 
The Plymouth Plan 2011-2031
The Plymouth Plan 2011-2031The Plymouth Plan 2011-2031
The Plymouth Plan 2011-2031SWF
 
Hosw presentation july
Hosw presentation julyHosw presentation july
Hosw presentation julySWF
 
Building Better Opportunities - Lead Partners Workshop
Building Better Opportunities - Lead Partners WorkshopBuilding Better Opportunities - Lead Partners Workshop
Building Better Opportunities - Lead Partners WorkshopSWF
 
EU funding partnerships
EU funding partnershipsEU funding partnerships
EU funding partnershipsSWF
 
Bbo hotsw may 2015
Bbo hotsw may 2015Bbo hotsw may 2015
Bbo hotsw may 2015SWF
 
HotSW May 2015 LEP
HotSW May 2015 LEPHotSW May 2015 LEP
HotSW May 2015 LEPSWF
 
BLF building better opps mar 2015
BLF building better opps mar 2015BLF building better opps mar 2015
BLF building better opps mar 2015SWF
 
Esf coproduction yp april 2015
Esf coproduction yp april 2015Esf coproduction yp april 2015
Esf coproduction yp april 2015SWF
 
ESIF project management
ESIF project managementESIF project management
ESIF project managementSWF
 
Introduction to Impact Measurement
Introduction to Impact MeasurementIntroduction to Impact Measurement
Introduction to Impact MeasurementSWF
 
Judicial Reviews
Judicial ReviewsJudicial Reviews
Judicial ReviewsSWF
 
European and HR law
European and HR lawEuropean and HR law
European and HR lawSWF
 
Judicial Reviews learning and the future
Judicial Reviews   learning and the futureJudicial Reviews   learning and the future
Judicial Reviews learning and the futureSWF
 
European legislation
European legislationEuropean legislation
European legislationSWF
 
Understanding the Public Sector Equality Duty
Understanding the Public Sector Equality DutyUnderstanding the Public Sector Equality Duty
Understanding the Public Sector Equality DutySWF
 
Eu procurement workshop
Eu procurement workshopEu procurement workshop
Eu procurement workshopSWF
 

Plus de SWF (20)

Social Value in Somerset
Social Value in SomersetSocial Value in Somerset
Social Value in Somerset
 
South West Integrated Personal Commissioning Programme - Giving People Choice...
South West Integrated Personal Commissioning Programme - Giving People Choice...South West Integrated Personal Commissioning Programme - Giving People Choice...
South West Integrated Personal Commissioning Programme - Giving People Choice...
 
Commissioning With Insight: Devon Healthy Lifestyle Service
Commissioning With Insight: Devon Healthy Lifestyle ServiceCommissioning With Insight: Devon Healthy Lifestyle Service
Commissioning With Insight: Devon Healthy Lifestyle Service
 
Making Procurement Law Work For You
Making Procurement Law Work For YouMaking Procurement Law Work For You
Making Procurement Law Work For You
 
The Plymouth Plan 2011-2031
The Plymouth Plan 2011-2031The Plymouth Plan 2011-2031
The Plymouth Plan 2011-2031
 
Hosw presentation july
Hosw presentation julyHosw presentation july
Hosw presentation july
 
Building Better Opportunities - Lead Partners Workshop
Building Better Opportunities - Lead Partners WorkshopBuilding Better Opportunities - Lead Partners Workshop
Building Better Opportunities - Lead Partners Workshop
 
EU funding partnerships
EU funding partnershipsEU funding partnerships
EU funding partnerships
 
Bbo hotsw may 2015
Bbo hotsw may 2015Bbo hotsw may 2015
Bbo hotsw may 2015
 
HotSW May 2015 LEP
HotSW May 2015 LEPHotSW May 2015 LEP
HotSW May 2015 LEP
 
BLF building better opps mar 2015
BLF building better opps mar 2015BLF building better opps mar 2015
BLF building better opps mar 2015
 
Esf coproduction yp april 2015
Esf coproduction yp april 2015Esf coproduction yp april 2015
Esf coproduction yp april 2015
 
ESIF project management
ESIF project managementESIF project management
ESIF project management
 
Introduction to Impact Measurement
Introduction to Impact MeasurementIntroduction to Impact Measurement
Introduction to Impact Measurement
 
Judicial Reviews
Judicial ReviewsJudicial Reviews
Judicial Reviews
 
European and HR law
European and HR lawEuropean and HR law
European and HR law
 
Judicial Reviews learning and the future
Judicial Reviews   learning and the futureJudicial Reviews   learning and the future
Judicial Reviews learning and the future
 
European legislation
European legislationEuropean legislation
European legislation
 
Understanding the Public Sector Equality Duty
Understanding the Public Sector Equality DutyUnderstanding the Public Sector Equality Duty
Understanding the Public Sector Equality Duty
 
Eu procurement workshop
Eu procurement workshopEu procurement workshop
Eu procurement workshop
 

Dernier

Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxPrecize Formely Leadoff
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklosbeduinpower135
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources PresentationAdnet Communications
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent PreferencesGRAPE
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfMichael Silva
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?Stephen Perrenod
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfAdnet Communications
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707harshan90
 
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Matthews Bantsijang
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023SkillCircle
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneurabcisahunter
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Commonwealth
 

Dernier (20)

Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklos
 
2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent Preferences
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?
 
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank ConsolidationEffects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
 
Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707Mphasis - Schwab Newsletter PDF - Sample 8707
Mphasis - Schwab Newsletter PDF - Sample 8707
 
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
 
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]
 

Alistair Reekie gosw sw-regional-growth-fund-presentation

  • 1. Let’s hear it for the South West Alistair Reekie Government Office for the South West
  • 2. Why are we where we are? • Budget deficit • Dislike of Big Government • Dislike of Regions
  • 3. Policy responses • Localism • Local Enterprise Partnerships • Big Society • Regional Growth Fund
  • 4. Regional Growth Fund Regional Growth Fund was launched by publication of the Local Growth White Paper on 28 October
  • 5. RGF’s Objectives • To encourage private sector enterprise by providing support for projects with significant potential for economic growth and create additional sustainable private sector employment; • To support in particular those areas and communities that are currently dependent on the public sector make the transition to sustainable private sector led growth and prosperity
  • 6. RGF Parameters • £1.4 billion • It will be allocated over three years (2011- 2014) • Applies to England only • It’s a Challenge fund, to be held over several rounds
  • 7. RGF Parameters • Bids must meet at least one of the objectives • Minimum bid threshold of £1m • Is available to bids from the private sector and private/public partnerships (LEP can play a role in co-ordinating bids in the areas they cover but will not have preferred bidding status)
  • 8. First round of bidding • The first Round will open with the launch of the fund, it closes on the 21st January 2011 • This will be a one stage process • With two bidding models: Projects and Packages of Projects • Successful bids notified in the Spring 2011 • Funds will be released on completion of pre agreed milestones
  • 9. Bidding Models • Projects: Bids that will comprise individual projects that make a specific and significant contribution to the core aims of the RGF. These bids will individually need to meet the minimum bidding threshold. • Project packages: Bids that will be presented as a coherent package, bringing together a number of projects that make a specific and significant contribution to the core aims of the RGF. Collectively, each package must meet the minimum bidding threshold.
  • 10. Bidding Models • Programmes: Bids from individual bodies or partnerships for strategic capital investment, whose collective aim meets the criteria of the RGF. This form of proposal is likely to be most workable for partnerships involving social enterprises, such as groups of Community Development Finance Institutions. Collectively, each package must meet the minimum bidding threshold
  • 11. Independent Advisory Panel • Chaired by Lord Heseltine, Sir Ian Wrigglesworth Deputy Chair • Receives a two page summary of each bid, and a matrix of all the bids • Reviews the fund against the two objectives • Recommend to Ministers which bids should receive funding
  • 12. Ministerial Committee • Chaired by the DPM, First Secretary to the Treasury, SoSs: BIS, DCLG, DfT, Defra • They make the final decision on which bids are successful • Make provisional offer that sets out basic terms and conditions
  • 13. Due Diligence • Will vary according to the nature of the bidder • Detailed analysis of financial model • Detailed check of Business Plan • Confirmatory due diligence will be commissioned by the applicant from a third party
  • 14. Further sources of information Web: www.bis.gov.uk/policies/regional-economic-de Email: growthfund@bis.gsi.gov.uk
  • 16. The seven Domesday Book regions or ‘circuits’ 1086