FE Capital, Growth

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FE Capital, Growth esf skILLSUPDATE
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• Michael Heanue
• Principal Policy Officer
• Economic and Business Policy Unit
• Anna Morell
• Programme Officer
• LEP Delivery

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Overview

• Round 1 Detailed applications
• Round 2 Expressions of Interest
• Round 3 Outline
• Growth Deal 2
• Local Growth Agenda
• ESF

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Round 1 Detailed applications

• 16 received, 14 capital works, 2 equipment
• 15 colleges and 1 charity
• Total grant request 42.3m
• Total project value 136m
• LEP approved 16 for funding subject to due
  diligence and to understand the implications of
  SFA funding reductions
• SFA funding allocations for 2015/16

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Round 2 Expressions of Interest

• 20 received, 18 capital works, 2 equipment
• 16 FE Colleges and 4 private providers
• Total grant request 60m
• Total project value 134m
• LEP approved 18 for the detailed application
  stage
• Feedback given and invited to resubmit

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Round 3 Outline

• Learning from Round 1 and Round 2
• Feedback and discussions
• Survey monkey results
• Growth Deal 2

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Growth Deal 2 2017/18

• 58 million secured for London
• 38 million FE Capital investment
• 20 million High Streets / Places of Work

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More information

• https//lep.london/content_page/fe-capital-investm
  ent-fund
• Email fecapital_at_london.gov.uk

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LOCAL GROWTH
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Local Growth Agenda

• LEPs and Skills Devolution
• Payment by results pilot
• Skills Inquiry
• Skills Summit

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ESF- The New Programme

• London allocated c.448m ESF 37m YEI
• Role of the LEP driving strategic priorities
• Role of Opt-In Organisations SFA, DWP and Big
  Lottery.
• London Councils and GLA to act as local match
  funders.

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Programme Priorities

• The Programme has broadly been split into
• 3 areas
• Young People (15-24) - Preventative NEET, NEET
  Outreach, Targeted NEET interventions, Enhancing
  the London Careers Offer, Creating Careers
  Clusters, Promoting Apprenticeships, Support for
  young BAME people, Gangs Prevention
• Adult Employment - Employment Support for
  Parents, Families, People with Disabilities,
  Older People, Carers, BAME Women, those living in
  social housing
• Adult Skills - Low pay progression pilots for
  those cycling in and out of work

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Any Questions?