The Government has guaranteed an extension to the European Structural Investment Funds regardless of the Brexit outcome, meaning that the LEP continues to plan for all outcomes, and to deliver with confidence, whatever the EU exit scenario.
At the same time local discussions have begun on shaping future succession funds in Greater Lincolnshire and are looking afresh at the new opportunities post Brexit could have for our area.
The government intends to introduce a new UK Shared Prosperity Fund to replace monies we have received in the past from the EU and in Greater Lincolnshire and we are raising important points with UK government officials now into shaping the new UK Shared Prosperity Fund (UKSPF).
Local knowledge highlights specific themes in order to make significant step changes in our area by reducing inequalities and allowing for rural economic growth. These are:-
Physical Regeneration of Place
We are unique. Greater Lincolnshire is a predominantly rural area with a City within a rural setting, vast stretches of coastline, knitted together with a collection of market towns.
Making Sense of State Aids
We need to re-visit state aids as it is currently seen as a constraint and major barrier from getting projects off the ground.
We know that 100% funding could be transformative where it can genuinely be identified.
Increasing Costs of Utilities
We know that development and investment opportunities are being lost due to poor provision of utilities.
Upfront Funding as a Catalyst for Change
We know that upfront funding if used wisely can help drive business growth in the local area.
Recognising the Diversity of Our Place
We know that we need to embrace our local distinctiveness and emphasise the importance of place.
A New Way to Shape our Place
We are preparing for a transition period and planning to continue delivering locally well.
We also need to prepare for an uncertain post-Brexit world and are drawing on our local knowledge and expertise to influence government to support what we need to transform our local rural economy.
- We have innovative ideas and want help to further support automation, robotics, AI
- We want to invest in people and to up-skill our workforce/ attract more people to the area
- We want to up-grade our infrastructure and to provide the foundations for economic growth
- We want to further grow our business environment and to support & invest in our businesses
- We want to have a place we are proud to live, work and invest in