Delivering Economic Growth Opportunities in Rural Surrey

Kathy Slack Director, Enterprise M3 Local Enterprise Partnership

Delivering economic growth – opportunities in

rural Surrey

Enterprise M3 Kathy Slack

What is Enterprise M3?

• Enterprise M3 is a business-led Local Enterprise Partnership that is working to secure economic growth at the sub-national level

• Bringing together leaders from the business, public and not-for-profit sectors to provide the vision, knowledge and strategic leadership needed to drive private sector growth

• Our aim is to create the foundations on which our businesses can flourish

Where is Enterprise M3?

What is our vision for the Enterprise M3 area?

Our vision is to make the Enterprise M3 area

“the premier location in the country for enterprise and economic growth,

balanced with an excellent environment and quality of life.”

Rural areas within Enterprise M3

• Enterprise M3 has a large rural geography with a

diversified economy • 26% of Enterprise M3 is within two national parks - the

New Forest and South Downs • Surrey Hills AONB

Enterprise M3 rural areas

Enterprise M3 - Working to Support Rural Areas

• Rural Action Group

• Development of Rural Planning policies

• Types of support available to business - Local Growth Fund - Growing Enterprise Fund & Expansion Fund - EU funding - The Growth Hub

Enterprise M3 - Working to Support Rural Areas

• Local Growth Fund e.g. Woodfuel hub project

• Large scale capital fund • Supporting long term infrastructure development • Seeking new expressions of interest for this fund

Enterprise M3 - Working to Support Rural Areas

• Growing Enterprise Fund e.g Tannery Studios, Send Nr. Guildford.

Development of a centre for digital media and creative

industries

• Revolving loan fund providing capital funding

Enterprise M3 - Working to Support Rural Areas

• Expansion Fund e.g Thinking Safe, Egham Conversor, Woking Anywhere.me, Weybridge Unique Secure Ltd, Guildford CNL Ltd, Knaphill • Digital high street skills project Addlestone workshop

Types of European Funding available to Enterprise M3

• European Social Fund (ESF) - focus on skills/employment

and social inclusion for all locations • European Regional Development fund (ERDF) - focus on

enterprise, innovation and low carbon for all locations • European Agricultural Fund for Rural Development

(EAFRD) for businesses located in rural locations - SME business development - supporting tourism in rural areas - food and drink processing - funding broadband investments (2017?)

European Agricultural Fund for Rural Development (EAFRD)

For Enterprise M3, the first call has closed but further calls are expected later this year (awaiting timetable from DEFRA)

Total EAFRD allocation £k

SME business development grants (for small

and micro businesses, up to 50 FTE)

1240

Rural tourism grants 930

Grants for food processing businesses 930

Broadband (possibly from 2017) 1000

Total

4100

(subject to exchange rate)

Enterprise M3 - Working to Support Rural Areas

The Enterprise M3 Growth Hub

For businesses looking to succeed in the Enterprise M3 area, the Enterprise M3 Growth Hub is an expert advice

and resource network which helps business achieve results quickly through a personal, tailored service focused on

growth

Resource network

• Easy access to a comprehensive source of local, national and international support for business

Growth Service

• A personal service connecting businesses with experts to help their growth plans

The Growth Hub: two integrated services

Further details

www.enterprisem3.org.uk

info@enterprisem3.org.uk

01962 846755