Strategic Economic Plan Refresh - Update
Decision status: Recommendations approved
Is Key decision?: No
Martin Kelly presented a report (circulated) which provided an update on the Strategic Economic Plan Refresh.
It was reported that the Strategic Economic Plan (SEP) has played a central role in establishing the LEP's leadership role; in forging new ways of working between public and private sector partners; in securing and directing unprecedented levels of national public investment in support of locally agreed growth priorities; and, in turn, enabled the LEP and its local partners to be recognised by Government as high performing.
It was noted that at the LEP Board meeting held in November 2016 it was agreed that a "refresh" of the SEP should be undertaken, in conjunction with the shadow Lancashire Combined Authority (LCA), with a view to completing this task by April 2017.
Resolved: The LEP Board:
(i) Noted the contents of the report, including the revised timetable which has been extended to enable key policy research inputs to fully inform the SEP refresh;
(ii) Authorised the LEP Chair to continue working with the shadow LCA to develop the refreshed SEP;
(iii) Agreed to work with the shadow LCA, whilst engaging with public and private sector partners, to identify new strategic and transformational priorities, programmes and scheme proposals for consideration by the LEP Board;
(iv) Authorised the Director of Economic Development of the County Council to continue working with the team of local authority officers identified by the shadow LCA to support the SEP refresh – and especially regarding spatial, housing growth, inclusive growth and pipeline development priorities; and
(v) Requested that a Draft refreshed SEP be submitted to the LEP Board for consideration as soon as possible.
Report author: Andy Milroy
Date of decision: 31/01/2017
Decided at meeting: 31/01/2017 - Lancashire Enterprise Partnership Limited