Agenda item

Anne-Marie Parkinson, LEP Programme Manager, presented a report (circulated) which provided the Board with a high level update for each of the LEP programmes including Boost, City Deal, Enterprise Zones, Getting Building Fund, Growing Places, Growth Deal, Lancashire Skills and Employment Hub and Social Value.

An update was provided on the social value indicators, these indicators had been embedded into every programme since 2015 and had started predominately with the Growth Deal programme. The team had developed a social value toolkit which had a number of key performance indicators that have been developed in line with national social value mechanisms and practices of ways of working. The long term objective was that social value was embedded in pre-project identification and pre-procurement, where projects are developed in acknowledgment of what the social value aims are and what can be achieved out of them.

Board Members were asked to consider the KPI's, dashboard and infographics and if any Member had further feedback to email Anne-Marie Parkinson directly. It was suggested that social value could be extended to social and economic value and a further KPI that could be captured within the region was profit generation within local firms that were appointed as part of procurement exercises, not just employment and local labour utilisation.

Resolved:  The Lancashire Enterprise Partnership Board agreed to:

(i)  Note the updates contained in the report;

(ii)  Note the forthcoming decisions; and

(iii)  Approved of the reporting structures for future reports and agreed that any further feedback in regards to KPI's be fed directly to Anne-Marie Parkinson.