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The Humber LEP has submitted the draft strategy for how to deploy the Humber’s European Union Structural and Investment Funds (EUSIF) for 2014-2020.

More than 100 individuals from the private and public sector including educationalists, third sector stakeholders, renaissance partnerships and European programme experts have given their time to help shape the strategy.

The strategy outlines how the Humber can deploy the £87.67m to generate economic, social and environmental benefits to the Humber that build on the region’s existing strengths and addresses known challenges through five strategic programmes:

• The Growth and Innovation programme will support SMEs throughout all phases of their lifecycle helping them to innovate and remain competitive

• The Skills Programme will support the development of Humber residents at all levels to close the productivity gap and create a workforce ready to take advantage of new private sector investment

• The Sustainable Communities and Social Innovation Programme will make sure families and individuals that face disadvantage can access the support needed to help them out of poverty

• The Change and Environmental Protection Programme aims to stimulate economic development through further investment in flood and coastal risk management

• The Infrastructure Programme will see funding for transport schemes that will help to stimulate investment and generate employment while making sure we protect the environment as we grow

The draft strategy will now be assessed by Government, with a final strategy being agreed early next year.  The Government expects spending to begin mid-2014.

The funding allocation will also see the Humber LEP working with its neighbouring LEPs Greater Lincolnshire andYork,North Yorkshireand East Riding on projects that are of mutual benefits to our regions.

Lord Haskins Chair of the LEP said: “We are very grateful to more than 100 individuals who have generously given their time at workshops, events and in interviews to contribute to this strategy.

“This work has influenced our five strategic programmes which closely align with the LEP’s longer term objectives and our forthcoming Strategic Economic Plan.

“This is the first time that priorities for European structural funding have been set at the LEP level.  We want to invest this funding well to make sure it has the maximum benefit for our area.  The ideas that came through the consultation have been very positive, so we are looking forward to being able to get the programmes underway next year.”

You can view the strategy on our website.