DD1353 Local Enterprise Partnership Capacity Fund Round 2

Type of decision: 
Director's decision
Code: 
DD1353
Date signed: 
18 June 2015
Decision by: 
Fiona Fletcher-Smith, Executive Director of Development, Enterprise and Environment

Executive summary

This decision requests approval to spend up to £16,000 against the LEP Capacity Fund Round 2 budget on activity to support the LEP as outlined in section 2.

Decision

That the Executive Director approves expenditure of up to £16,000 on activity to support the London Enterprise Panel, in business and stakeholder engagement and related activities.

Part 1: Non-confidential facts and advice

Introduction and background

1.1            Round 2 of the LEP Capacity Fund was launched by the Department for Business Innovation & Skills (BIS) in 2012 to help local enterprise partnerships address the issues that will “best help it deliver local growth”. The London Enterprise Panel (‘the Panel’) was allocated a notional £76,800 from the fund and following a successful bid was awarded the amount in full. Expenditure for the initial three year profile (2012/13 to 2014/15) was approved under DD802. This subsequent decision seeks approval for expenditure of the remaining budget of £16,000 of which £12,000 will be spent in 2015/16 and a further £4000 in 2016/17, subject to GLA carry forward approval.  GLA approval has already been obtained for the 2015/16 carry forward and no approval is required from BIS as the funding was provided as a grant under Section 31 of the Local Government Act 2003 and not ring-fenced for specific expenditure.

Objectives and expected outcomes

2.1      The activity strands for this funding are as per below.

Business and stakeholder engagement

2.2    In order to ensure the Panel’s recommendations to the Mayor are adequately informed by its key stakeholders, regular stakeholder engagement activity continues to be undertaken. This funding seeks to support the costs associated with these events such as refreshments, equipment and venue hire. 

2.3    The key outcomes anticipated by this activity would be:

•    Raised awareness of role of the Panel; 
•    Maintaining and building upon existing sub-regional relationships; and
•    Alignment of the Panel with the views of London’s business community and key public sector bodies.

2.4    These events will primarily be delivered through a series of five sub-regional engagement events in  July 2015 as well as theme based events as identified. All commitments will be maintained within the available budget.  

Other expenditure to support the LEP

2.5    Additional expenditure may also be required for ad-hoc events for LEP Members, including away days, and associated costs. This budget would also be used to fund any Member expense claims, in line with the GLA’s Expenses & Benefits Framework, noting that no claims have been made by LEP Members to date.

Equality comments

    All events will be arranged to ensure compliance with the GLA’s equality duty, e.g. ensuring that  venues are accessible and any reasonable adjustments are made as requested.

Other considerations

a)    Links to strategies and Mayoral and corporate priorities
The Constitution for the London Enterprise Panel specifies that the Panel must make its recommendations in accordance with the Mayor’s Economic Development Strategy and the London Plan.

b)    Risk
This funding will help mitigate the risk that the LEP will have insufficient funding capacity to undertake its role in advising the Mayor.

Financial comments

5.1    Director’s approval is being sought for expenditure of up to £16,000 of LEP’s  Round 2 Capacity Fund which was granted by Business Innovation & Skills (BIS) in 2012 (DD802) on activity to support the London Enterprise Panel as described under section 2 above. 

5.2    This expenditure is proposed to be funded from the carry forward of unspent grant in 2014-15, £12,000 will be spent in 2015-16 and the remaining £4,000 in 2016-17.

5.3    Should this decision relate to a contract at any stage, officers have to ensure that the requirements of the Authority’s Contracts and Funding Code are adhered to.

5.4    Any changes to this proposal must be subject to further approval via the Authority’s decision-making process. All requisite budget adjustments will be made.

5.5    The LEP Board secretariat team within the Assembly and Secretariat will be responsible for managing this project.