Hub > Coventry and Warwickshire Local Enterprise Partnership's Profile
The LEP covers the local authority district areas of Coventry, North Warwickshire, Nuneaton and Bedworth, Rugby, Stratford-on-Avon and Warwick.
The LEP's vision is to make Coventry and Warwickshire a World Class economy in which to do business; a place to: lead a great life, excel at learning, visit and return to - all supported by exceptional private, public and voluntary services.The scope of activity for the CW LEP includes:
• Providing strong, clear and visionary leadership for the future growth and development of the sub-regional economy. Identifying key priorities and ensure all partner activity and resources are focussed towards achieving these.
• Identifying and address barriers to the growth of the sub-regional economy and correct local market failures.
• Providing a "whole-life" approach to business engagement and support - from business start-up, survival and expansion.
• Helping drive up productivity in the sub-regional economy and increase exporting.
• Co-ordinating and focus funding opportunities (including the Regional Growth Fund and residual arrangements with respect to EU Structural Funding).
• Custodian of key sub-regional assets inherited from Advantage West Midlands e.g. Ansty Park, where currently just over 10% of the planned 1.4 million ft2 Research and Development Park has been completed, with the world class Manufacturing Technology Centre recently started on site. The CW LEP will ensure that activity proceeds with pace to maximise and exploit new private sector jobs and GVA growth. Other assets will be sought from local public sector bodies. This would bring an additional benefit in engaging ‘business leaders' in real and tangible involvement immediately and help to cement the Partnership.
• Access to finance - Improve businesses access to finance to support business growth and survival. Creating innovative public, private partnerships which are outside the traditional lending frameworks of high street banking to meet the needs of new business starts and SMEs which demand risk finance.
• Inward investment - Attract businesses to locate in the LEP area and support and retain existing investment working with UKTI at national level (locally delivered - under the UKTI brand - via the Chamber of Commerce).
• Superfast broadband facilities need to be made available for the whole of the LEP area. In partnership with the private sector, Coventry City Council are already exploring how their £11.5m recent investment in a high-capacity Fibre Optic Wide Area Network could be used as the "backbone" of a facility available for the whole LEP area especially in the rural areas.
• Sector leadership - Develop sectors that increase the sub-region's competitiveness and build on our comparative advantages.
• Understanding the drivers and dynamics of worklessness in the sub-region, and work with new framework providers for the new Welfare to Work programme to ensure economic inclusion.
• Developing a market-led "Skills System", with clear and two-way communications between the stakeholders (private, public, individual) and a clear statement of skills priorities for the sub-region to inform business investment in skills, residents choices about training options, the type and nature of training being offered by providers, and the allocation of skills funding from all relevant parties. Place emphasis on leadership management, innovation and high level skills as directed by an employer led skills group.
• Guiding, informing, monitoring and holding accountable all those who undertake activities and interventions that impact on the sub-regional economy.
CW LEP will be the voice of the economy with strong business engagement. This clear business focus will be used to help guide, shape and inform the wider issues in the sub-region that are critical to creating the right conditions for growth and will strongly influence local authority decisions in areas such as:-
• Transport - develop a coordinated approach to transport both within and across boundaries of the LEP area
• Minimising Bureaucracy
• Education & Skills