RFA - Setting the scene Economic Development Jonathan Coe 17 th October 2008

2 To cover  Scope of funding  Opportunities  Constraints  Stakeholder Engagement

3 Scope of Funding Regional Economic Strategy

4 Scope of Funding Regional Economic Strategy RDA Single Pot (to 2018/19)

5 Scope of Funding Regional Economic Strategy RDA Single Pot (to 2018/19) ERDF (to 2013/14)

6 Engagement  Business Representative Group  Strategic Authorities  Existing groups  Direct stakeholder input  Conference in January

7 Scope of Funding Regional Economic Strategy RDA Single Pot (to 2018/19) ERDF (to 2013/14) SCOPESCOPE

8 Scope of Funding Regional Economic Strategy RDA Single Pot (to 2018/19) ERDF (to 2013/14) Influence/align with private and other public sector funding SCOPESCOPE

9 RES: Key Objectives  Successful and Competitive Businesses  Strong and inclusive communities  An effective and confident region  Growth within environmental limits

10 RDA Corporate Plan  Outlines RDA’s contribution to the RES from  Key objectives: –Creating the conditions for productivity led growth –Developing a low carbon economy –Creating successful places  Net carbon neutral annual investment portfolio by 2013

11 ERDF  Competitiveness & Convergence Operational Programmes set out contribution to 2013/14  Competitiveness: –Innovation and knowledge –Enterprise and Growth –Urban Enterprise

12 ERDF  Convergence: –Innovation, research and development –Enterprise and Investment –Transformational Infrastructure –Unlocking the Economic Potential of Place

13 Constraints  RDA Single Pot: –No headroom for next 3 years; –Limited scope to change investment priorities during this time  ERDF : –Funding to 2013/14 only –Operation programme agreed by European Commission  But…

14 Opportunities  Next three years: –Clarity on prioritisation of spend –Better alignment – Sequencing – Spatial packaging –Innovative approaches (RFA + ??)  2011 and beyond….. –foundations for SRS

15 Jonathan Coe Tel : Mobile :