SHEFFIELD CITY REGION LOCAL ENTERPRISE PARTNERSHIP BOARD NOTES OF MEETING HELD WEDNESDAY 23rd JULY 2014 Attendees: James Newman, Simon Carr, Julie Kenny, David Grey, Mayor Ros Jones, Cllr Graham Baxter, Cllr Eion Watts, Cllr Simon Greaves, Chris Scholey, Nigel Brewster, Paul Houghton, Cllr John Burrows, Cllr Lewis Rose, Simon Carr, Deborah Egan, Cllr Julie Dore, Professor Philip Jones, Julie Kenny, Mayor Ros Jones, Chris Scholey Apologies: Cllr Roger Stone In attendance: Martin McKervey (items 1 to 2.2 only, Simon Collingwood (1-2.2), Alex McWhirter (1-2.2), Ben Still, Ruth Adams, John Mothersole. Item Subject 1.0 1.1 Preliminary items Welcome and Apologies Action James Newman welcomed all to the meeting. All board members and SCR Executive thanked David Grey MBE for his contributions to LEP Board and wished him all the very best in his role as Master Cutler. David said he would continue to support the LEP Board in his new role and will continue as a member of the RGF Steering Panel. David left the meeting after item 3.1. 1.2 Notes of last meeting, 4 June 2014 PC Agreed as a true and fair record to be published online. Matters arising       Government has made a positive response to HS2 Taskforce, which has been welcomed by the LEP Birmingham location chosen for HS2 Construction HQ Leaders attendance – from September onward substitutes will be allowed on a minimal basis PC Core cities press statement due next week about core northern cities working together. The LEP will respond positively. New board member shortlisting is complete. Candidates have a wide range of experience and expertise. Any new members will be in post by next board meeting. PC Government Cabinet reshuffle has taken place and Chairman will write Page 1 of 5 to new Ministers at BIS, CLG and DfT. 2. External presentations 2.1 Finance Yorkshire Progress Report and Update Key points from the discussion:           Presentation from Alex McWhirter, Chief Executive of Finance Yorkshire Presentation outlined the structure of the funds managed by Finance Yorkshire The board were shown the performance of the funds and case studies of businesses which have benefited Board discussed how RGF (grant based) and Finance Yorkshire (commercially based) funds are complementary – although noted that the SEP sets out plans to ensure these funds are more aligned in the future Board discussed how the new fund will be designed to cover the Districts in addition to South Yorkshire Board requested that suitable market testing is undertaken before a decision is taken regarding the holding company for the JEREMIE. Finance Yorkshire to supply mid-term cost comparison to Board Finance Yorkshire to supply data on geographic performance SCR Exec to set out paper on the proposed JEREMIE to the September LEP Board Consideration to be given to future branding of Finance Yorkshire in Sheffield City Region Recommendations agreed / noted   2.2 Noted the current performance of Finance Yorkshire and the impact that the existing Fund has delivered well across the Sheffield City Region. Agreed that Finance Yorkshire should work with relevant officers from the Sheffield City Region, and with the established SEP structures (i.e. the Business Growth Board / Access to Finance Sub-Board) to make a proposal to the LEP Board. MIPIM 2015 Key points from the discussion:  Presentation from Property and Construction Sector Group Chair Martin McKervey and Simon Collingwood, Associate Director at Counter Context Page 2 of 5 AM DH AM     The presenters underlined importance of a MIPIM presence to raising the profile of the Sheffield City Region. SCR presence at MIPIM last year included a number of LEP members, 25 local business people and a programme of events Survey of Sector Group underlines importance of MIPIM to private sector LEP Board asked to commit to MIPIM 2015 Recommendations agreed / noted   LEP Board asked that MIPIM be included as part of an SCR inward investment promotional and marketing strategy and such a strategy to be worked up by SCR Executive Members expressed need to better understand/define the SCR ‘product’ as part of the inward investment marketing strategy 3. Decision Priorities 3.1 Governance and resourcing EC / PC Key points from the discussion:    Introduced paper which provided the LEP Board with an overview of the broad timescales for the development of the SEP over the course of the next year and the areas in which external support may be sought as part of this process. Paper included the proposed approach on who will make decisions on the budget allocated to the LEP for the development of the SEP by Government. LEP Board acknowledged the need for flexibility over attendance at Advisory Boards – both in terms of ensuring necessary expertise and also to provide cover for members when unavailable. Recommendations agreed / noted      Agreed proposed political and private sector LEP Board representatives on the Thematic Advisory Boards. Agreed proposed composition of members for the Business Growth Thematic Advisory Board. Agreed proposed terms of reference for the Thematic Advisory Boards. Noted the proposed high level timescales for activity to be undertaken in the next year. Agreed to delegate the decisions on the use of the funding provided to the LEP to develop the Plan in 2014/15 to the Head of Paid of Service / Page 3 of 5 RA Chief Officer of the Combined Authority, in consultation with the Chairs of the Combined Authority and LEP. 3.2 SEP ESIF Update – SUD and Social Inclusion Key points from the discussion:  Board requested a note confirming that the SUD proposition does not impact negatively on districts or rural spend. Recommendations agreed / noted:     Agreed to endorse the SUD submission. Noted the Combined Authority to act as the Accountable Body to the SUD, subject to a full understanding of the legal and financial implications. Endorsed the approach to the Social Inclusion project. Noted progress in relation to the development of the ESIF. 4. Updates / For information 4.1 Science and Innovation Board (SIB) Key points from the discussion:     Board welcomed Sir Keith Burnett’s agreement to Chair the board Philip Jones on board from LEP and SHU Business Doncaster will approach rail companies to nominate key person to work with the board. Local Authority leader and Chief Executive requested to also be part of Board Recommendations agreed / noted   4.2 Agreed to endorse the establishment of an SCR Science Led Innovation Board (SIB). Noted the proposed membership, action areas, and draft terms of reference of the SIB. Update on joint case making for infrastructure Key points from the discussion: Page 4 of 5 BM     A paper was circulated to update / outline key northern infrastructure initiatives Initiatives covered by paper: One North; Long Term Investments in City Regions; Rail North: Long-term Rail Strategy; Electrication Task Force; Connected Cities; East Coast Mainline Authorities; East Network Partnership; CA/ LEP ‘Core city groupings’ LEP supports inclusion of RHADs and an SCR HS2 station in the One North document SCR Executive team to engage with other City Regions to consider how future governance of these multi-city projects could be refined. 5. Standing items and other business 5.1 Communications update     BS Work undertaken to promote HSR Rail College bid including letters to Ministers and press releases Growth Deal announcement and DPM visit HS2 communications plan and planned work from Communications & Engagement T&F group RGF fund case studies Business engagement  Communications officer presented planned activity to engage with businesses. PC SCR CA report  CA Chairman updated board on CA Audit Committee arrangements Date and time of next meeting: 11 September July 2014, 4pm, AMP Technology Centre, Rotherham. Officers with actions: AM – Alex McWhirter, Finance Yorkshire BS – Ben Still, SCR Executive EC – Ellen Cutler, SCR Inward Investment PC – Philip Cooper, SCR Executive RA – Ruth Adams, SCR Executive BM – Ben Morley, Sheffield City Council LJ – Lesley Jackson, SCR Executive DH – David Hewitt, SCR Executive Page 5 of 5