1. FE CAPITAL, GROWTH & ESF SKILLS UPDATE

2. Michael Heanue Principal Policy Officer Economic and Business Policy Unit Anna Morell Programme Officer LEP Delivery

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

4. 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 ROUND 1 DETAILED APPLICATIONS

5. 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

6. Learning from Round 1 and Round 2 Feedback and discussions Survey monkey results Growth Deal 2 ROUND 3 OUTLINE

7. £58 million secured for London –£38 million FE Capital investment –£20 million High Streets / Places of Work GROWTH DEAL 2 – 2017/18

8. https://lep.london/content_page/fe-capital- investment-fund https://lep.london/content_page/fe-capital- investment-fund Email fecapital@london.gov.ukfecapital@london.gov.uk MORE INFORMATION

9. LOCAL GROWTH

10. LOCAL GROWTH AGENDA LEPs and Skills Devolution Payment by results pilot Skills Inquiry Skills Summit

11. 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.

12. 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

13. ANY QUESTIONS?