Agenda and minutes

Special Meeting, LEP - Performance Committee - Monday, 10th October, 2016 11.00 am

Members of the public are welcome to attend our meetings to watch them in person at any of the venues across the County. Publicly accessible meetings held in County Hall will be webcast, which means they are available to be watched live or recorded on our website. Please see our webcasting notice here. The Committee may, in certain circumstances, resolve to hold part of the meeting in private. If this is the case, you will be required to leave the meeting.

Venue: Committee Room 'B' - The Diamond Jubilee Room, County Hall, Preston. View directions

Contact: Andy Milroy Tel: 01772 530354 Email: andy.milroy@lancashire.gov.uk

Items
No.	Item
1.	Welcome and Apologies for Absence Minutes: The Chair welcomed everyone to the meeting and noted that apologies had been received from David Taylor and Edwin Booth.
2.	Declarations of Interest Minutes: None
3.	Development of the LEP's Business and Operational Plan PDF 80 KB View item 3. as DOCX 37 KB The Performance Committee will receive a presentation on this item and be asked to input into the development of the Plan. Additional documents: Summary Business Plan Presentation Performance Committee 10th Oct 2016 , item 3. PDF 587 KB Minutes: Kathryn Molloy, Head of Service, LEP Coordination, Lancashire County Council gave a report and presentation (circulated) which introduced a framework for the LEP Business and Operational plan. It was reported that the LEP had agreed to produce an updated Strategic Economic Plan in early 2017, and that it is considered timely and complementary that the LEP produces its first operational business planning document. Kathryn explained that the document would be twofold, acting as both an externally facing summary of the LEP’s strategic focus, performance, achievement and challenges and an annually refreshed internal operational business planning document, with a focus on LEP income and financial sustainability; key priorities for action and investment; governance structure and executive capacity issues; and the positioning of the LEP itself. It was noted that a draft Business and Operational Plan will be submitted to the next LEP Board scheduled for 8^th November 2016 for consideration and approval. At the next meeting of the LEP Performance Committee meeting scheduled for 22^nd November 2016, further work on a detailed operational business plan will be undertaken which will be presented to the LEP board in the New Year. The Performance Committee agreed with the proposed three-year timeframe for the Business Plan and agreed Operational Plan will cover a 12 month period. The Business Plan would include KPIs against which the LEP would monitor the impact of its activities. Committee Members sought clarity on LEP delivery targets with regards to the key programmes. It was explained that 31 out of 39 Growth Funding agreements were ahead of target and that they have until 2021 to be completed. It was noted that there has been strength shown in the LEP’s current position and that the role of the Performance Committee now is to assist with the development of the Business and Operational Plan to ensure the LEP continues to deliver at a high level. It was commented that the GIC (greatest imaginable challenge) would be a good performance indicator and discussions were had regarding how the performance could be captured. It was agreed that the SEP would be refreshed with a set of economic outcomes to be captured. Committee Members commented that it was important that what the LEP does and what it wants to achieve is captured in the Business and Operational Plan and that the plan shows where the LEP aims to be in the future. It was also emphasised that growth will benefit parts of Lancashire that are deprived and that this needs to be articulated in the correct way to explain this. The Committee noted the differences between political and economic interests, and, that European funding is aimed at supporting deprived areas. Committee Members agreed that the Business and Operational Plan should make reference to the LEP having to work within Government rules and regulations in relation to some funding and investment resources. The Committee discussed whether the Business and Operational plan needed to include reference to environmental climate and it was agreed this would ... view the full minutes text for item 3.
4.	Reporting to Lancashire Enterprise Partnership Board Minutes: The Performance Committee agreed that officers shall create the draft Business and Operational Plan, and following graphical amendments by the LEP's external marketing advisors, Freshfields, agreed that the BOP will then be circulated to the Chair of the LEP and Performance Committee Members for comment, prior to being submitted to the LEP board on the 8^th November 2016 for approval. Resolved: That 1. Once drafted the Business and Operational Plan be circulated for Performance Committee Members comments; and 2. That the Business and Operational Plan be submitted to the LEP Board on the 8^th November 2016 for approval.
5.	Any Other Business Minutes: None.
6.	Date of Next Meeting The next ordinary LEP Performance Committee meeting is scheduled to be held at 2pm on 22^nd November 2016 at County Hall, Preston. Minutes: It was noted that the next scheduled meeting of the Performance Committee was 2.00pm on the 22^nd November 2016 in Cabinet Room 'C' – the Duke of Lancaster Room at County Hall, Preston.