2014 Annual Report

northamptonshirelep

2014 Annual Report











northamptonshireep.co.uk

Going Further, Faster.


Foreword

Board Members

I am delighted to present Northamptonshire Enterprise

Partnership’s (NEP’s) 2014 Annual Report, which

outlines the Board’s ambition for Northamptonshire’s

economy, together with the progress that we have made

in delivering this.

2014 has been a landmark year for NEP, with our

Strategic Economic Plan providing the basis for negotiating

£119.5 million of funding for Northamptonshire. This ‘Growth Deal’ with Government also

saw Northamptonshire being selected for two national pilots, with NEP helping to develop

the model for Enterprise Advisers, as proposed by Lord Young in his “Enterprise for All”

report; and identifying how business support services can be made as easily accessible as

possible. The outcome from the first phase of the Growth Deal was a strong endorsement

of Government’s confidence in NEP’s strategic and delivery capability, and provides an

excellent platform to move forward.

Cllr. Tom

Beattie

Leader, Corby

Borough Council

Sarah Canning

Partner - Head of

Litigation,

Franklins LLP

Jon Corbett

Head of

Corporate Banking,

Barclays

John Markham

OBE - Chairman

Brian Binley MP

Vice-Chairman

Gerald

Couldrake

Company Secretary,

Howes Percival

Solicitors

Pratima Dattani

VCSE

Representative,

Wellingborough

Homes

Stephen Davies

Principal,

Moulton College

Cllr. André

Gonzalez De

Savage

Northamptonshire

County Council

However, the Board and I recognise that delivering on the Growth Deal and our wider

ambition will only be achieved by working in strong and highly effective partnership

with all of our businesses and stakeholders. The Board would therefore like to take this

opportunity to thank all of our partners and funders, who have supported NEP to develop

and deliver the ambitions in our Strategic Economic Plan and make 2014 the year in which

Northamptonshire’s economy really does go further and faster.

John Markham OBE

Chairman,

Northamptonshire Enterprise Partnership

Graham Goss

Consultant,

Haines Watts

Chartered

Accountants

Cllr. Jim Harker

OBE - Leader,

Northamptonshire

County Council

Chris Hatfield

Managing

Director, David

Wilson Homes

Andrew Langley

Managing Director,

Juniper Trading

Victoria Miles

Chief Executive,

Northamptonshire

Community

Foundation

Cllr. Chris Millar

Leader, Daventry

District Council

Cllr. Steven

North

Leader, East

Northamptonshire

Council

Contents

Prof. Nick

Petford - Vice

Chancellor & CEO,

University of

Northampton

Richard Phillips

Managing Director,

Silverstone Circuit

Bruce Ray

Corporate Affairs

Director UK,

Carlsberg Group

David Reynolds

Chairman, North

Northants Development

Company

David Rolton

Founder, Rolton

Group

James

Saunders-Watson

Head of Investment

Trust Marketing,

J.P. Morgan

Martin

Sutherland

Chief Executive,

Royal & Derngate

4 Northamptonshire Growth Deal

5 Our Vision

6 Annual Review

10 A Strategy to Go Further, Faster

18 Summary of Annual Accounts

20 Governance Structure

22 Working in Partnership

26 The NEP Team

02 Annual Report 2014

03


Transformative Growth for

Northamptonshire:

Growth Deal

Our Vision

The Strategic Economic Plan (SEP) outlines a bold ambition for

Northamptonshire’s economy, looking to increase the local economy from its

current £16 billion to £20 billion in seven years, bringing about unprecedented

growth and prosperity for our businesses, people and communities. This level of

growth will see an additional 32,500 jobs created, 1,600 new businesses started

and 37,000 new houses built, helping meet the current and future housing needs

of all of our communities.

Delivering

The plan is rightly ambitious, but

importantly realistic and achievable based

on Northamptonshire’s impressive track

record in recovering from the downturn

and demonstrating continued growth,

subsequently. The ambition is now to deliver

growth a full percentage point over and

above the national average.

The SEP has been designed around

what is unique and special about

Northamptonshire’s economy, namely its:

People - one of the fastest growing

populations in the country, forming a loyal

and committed workforce as demonstrated

by our very high levels of employment.

Location - literally at the heart of the

country, meaning that 75% of the population

is within a two hour drive.

Assets - our economic offer is based

around seven distinctive locations each

with a complimentary economic offer,

which provides strength and depth to

Northamptonshire’s economic base.

Northamptonshire is also home to worldclass

brands including Barclaycard,

Carlsberg UK, Weetabix, Silverstone, Yusen,

Cosworth, and Mercedes-AMG.

Can Do - attitude to growth, importantly

underpinned by capable leadership and

credible delivery arrangements.

Entrepreneurial Culture - with

Northamptonshire recognised as the

most enterprising place in the UK; and

Northampton specifically identified by

Experian as the best place to do business.

It is easy to see why businesses want to

start up, grow and prosper here. SMEs are

the lifeblood of our economy, ensuring that

Northamptonshire has a broad based and

vibrant economy.

It is important that the SEP capitalises

on everything that is special about

Northamptonshire, delivering growth

that is sustainable and benefits all of our

businesses, people and communities.

The strategy therefore focuses on the

priorities that are most relevant to delivering

sustainable growth, namely business

and innovation, employment and skills,

infrastructure and connectivity and housing.

It also recognises and builds upon our

sectoral strengths in High Performance

Technologies, Logistics, Food & Drink,

Creative and Cultural Industries alongside

financial services, wider manufacturing and

professional and technical services.

Strong partnership is a key part of

Northamptonshire’s success and new

governance arrangements are now in place

to bring the private sector together with

the public sector and wider stakeholders

to drive forward economic growth in

Northamptonshire. The SEP is also about

working with government in real partnership

to make sure that Local Growth Funding and

European Structural Funds really do deliver

results in our area.

Our vision is not only about numbers, it

is about people and that’s why there is

such a focus on employment and skills,

and housing as providing people with the

right skills, employment and housing is

fundamental to a good quality of life.

Northamptonshire is perfectly placed to

go further, faster with the SEP providing

the catalyst to do this - helping our

businesses to deliver tens of thousands

of new jobs and homes by 2021 and

many, many more by 2031.

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Annual Review

Economic Overview

Services to Businesses - Performance Highlights

Northamptonshire has one of the fastest growing

populations in the country, with a population of

706,600 in 2013, an increase of almost 200,000

new residents in little over 30 years. 447,400

of Northamptonshire’s population is of working

age, making sure that there is a strong supply

of employees for Northamptonshire businesses.

This translates into high economic activity levels,

which currently stand at 82.8% compared to 77.4%

nationally; together with lower levels of people

receiving Job Seeker Allowance, currently at 2.0%,

in comparison with 2.3% nationally.

Northamptonshire benefits from high levels of new business

registrations (as a percentage of all active registered companies) at

20.22%, compared with the England average of 19.42% and the

LEP comparator group average of 14.79%. The rates of businesses

dissolved or going into liquidation at 11.63% is lower than the England

and East Midlands rates of 13.24% and 12.06%, respectively. These

figures are reflective of a vibrant and active business base, and help to

substantiate Northamptonshire’s entrepreneurship credentials.

House prices within Northamptonshire remain more affordable than

elsewhere, with the average home costing £144,693 compared with

the national average of £172,011. This level of affordability, coupled

with an excellent lifestyle offer, will support Northamptonshire to

become a destination of choice for housing. Whilst house prices

remain affordable, prices are currently increasing at a marginally higher

rate (6.8%) than nationally, which is currently 6.4%.

LOCATE

LOCATE offers grant funding of up to

£20,000 to existing businesses wishing to

either relocate or expand their business by

moving to Northamptonshire.

Managed by NEP and funded by

Northamptonshire County Council, LOCATE

is made available to qualifying small and

medium enterprises (SMEs). Since its launch

in 2013, LOCATE has attracted inward

investment enquiries from businesses across

the UK and from overseas.

Beneficiaries of the grant so far include recordbreaking

electric car company, Bluebird Performance

Engineering, moving from Coventry to Rockingham in

Corby and US-owned Global Composites Recycling

Solutions, Inc. (GCRS) which recycles fiberglass and

is also moving to Corby. GCRS expects to employ

over 250 people by 2017.

Other LOCATE recipients also include Incredible

Bakery Company who moved from London to

Kettering, UberShop who were previously based in

Bedfordshire and are now at Brackmills Industrial

Estate and Hendrix Media which has moved from

Milton Keynes to Caswell Science & Technology Park.

INV-ENT

INV-ENT (Innovation & Enterprise) provides

a business rate rebate to small and medium

enterprises (SMEs), enabling investment

in business development and growth and

supporting the creation of new jobs in

Northamptonshire.

Since its inception in 2011, NEP and

Northamptonshire County Council have invested

over £990,000 in 69 business projects through

the INV-ENT initiative. This has led to the

creation of over 400 new jobs and more than

100 apprenticeships as well as training, which

has developed the skills of nearly 600 local

employees.

Funding from the INV-ENT programme enabled DTC

International to set up and promote a Data Cleansing

and Test Lab facility at their Brackley, Northamptonshire

premises. This means that services previously

subcontracted to businesses outside of the county are

now carried out in-house. This safeguarded the future of

employees at DTC and led to the creation of a number of

new jobs.

DTC International’s business has grown by more

than 50 per cent since receiving INV-ENT funding.

Northamptonshire Growth Hub

Celebrating 12 months of effective

business support.

Since its launch in November 2013,

the Northamptonshire Growth Hub

has enabled over 1,000 callers to

get easy access to a comprehensive

range of business support services,

including start-up advice, business

planning, skills training and funding

opportunities. Endorsed by BIS, the Hub

has so far referred 95% of enquiries to an

appropriate Service Provider.

A partnership initiative between NEP,

Northamptonshire County Council and the

University of Northampton, the Growth Hub will

receive funding from the Local Growth Fund

to ensure it can sustain current services and

expand the range of support on offer. NEP is also

working with Government to make sure that the

Growth Hub provides easy access to national

business support services, so that the Growth

Hub really is a one-stop shop for businesses in

Northamptonshire.

However, there are a number of areas where Northamptonshire’s

economic performance could be stronger and NEP will put significant

effort into working with partners to address these. Currently,

Northamptonshire’s overall GVA is lower than the national average

measured by both per head and per employee, and if the overall

aspiration for increased GVA is to be met it will be necessary to improve

performance on both of these indicators. Skills will be a strong priority

as while performance compares well with the East Midlands, there

remains a level of under-performance at every level when compared

with national performance, with the gap widest at NVQ4 and above.

One other key area where performance is less strong is on the number

of 18-24 year olds receiving Job Seekers Allowance, which stands

at 4.0% compared with the national average of 3.8%. Whilst this has

improved by 3.0% over the past twelve months, which is encouraging,

it remains persistently higher than the overall register.

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Services to Businesses - Performance Highlights

Alongside developing its strategic and investment

priorities, NEP has continued to directly deliver

a range of products and services that have

helped Northamptonshire’s businesses to deliver

economic growth and jobs.

Through this work we have directly supported the creation

of 1,197 new jobs and 69 business start-ups and levered in

£43,769,942 to support local business growth.

Private sector jobs created and

safeguarded

Business start-ups

New company investments

Private sector leverage

Public sector leverage

Total year

targets

2013/14

Full year

actuals

Achieved

against

target

800 1197.5 149%

50 69 140%

15 31 210%

£5,000,000 £43,768,682.50 875%

£2,000,000 £1,260,182 63%

NEP is one of the few Local Enterprise Partnerships that

provides a direct support service to businesses, covering the full

spectrum of support from start-ups through to established and

growing companies.

A range of services are provided by NEP, including grant and

investment funding through programmes such as LOCATE

and INV-ENT, direct business support through the Enterprise

Hub, support to inward investors and support for training and

recruitment through the Job Brokerage service.

On the back of the successful sector support for the

High Performance Technologies’ industry we have attracted

an additional £6m of new funding for companies from a

combination of Regional Growth Funding and European

Regional Development Funding.

In the last year, NEP launched the Northamptonshire Growth

Hub (in partnership with the University of Northampton and

Northamptonshire County Council) bringing together all of

Northamptonshire’s business support services under one

umbrella to make things simple for businesses looking for advice

and support.

Adjacent are a number of case studies that illustrate our activity

and demonstrate the impact in terms of job creation and

business growth.

Enterprise Hub

One of NEP’s primary objectives is to

support Northamptonshire entrepreneurs

in establishing sustainable businesses that

create jobs.

Building on what already exists within

Northamptonshire and activity currently

delivered by NEP, a targeted entrepreneurship

support programme is expanding the

reach of the Northamptonshire Libraries

Enterprise Hub network to cover the whole of

Northamptonshire.

The Enterprise Hub provides tailored business support

(including pre-start and start-up programmes by a

range of providers) to stimulate the creation of new

businesses including knowledge based businesses.

NEP’s Start-up Coach, a new online business support

website portal, enables new and prospective business

owners to work through NEP’s business support

programme at their own pace.

Hundreds of aspiring business-owners have

attended the free workshops to date.

“The workshop sessions were extremely useful -

I have been on all of them! They help with everything

from

considering

realistically

whether selfemployment

is the best

option to

creating a

business plan

and devising a

social media strategy.”

Kerry Lease Media

“NEP’s start-up grant has helped my business in the

short-term but the big thing was the support given to

construct my business plan and from that my sales

forecasts.”

Clear Vertical

Jobs Brokerage

NEP’s Jobs Brokerage team provide a single

point of contact to help employers develop

bespoke recruitment solutions and find the best

trainees, apprentices and graduates for their

business, from across Northamptonshire.

The team promotes vacancies, filters

applications and assesses candidates for jobs

and apprenticeships prior to interview, and

provides further assessment during the selection

process. Job brokerage is a cost-free, efficient

and effective way for employers to recruit young

people into apprenticeships and jobs.

When Northampton’s world-leading manufacturer of

quality footwear, Church’s, first contacted the Jobs

Brokerage team in 2012, they were looking for support

with their campaign to recruit a number of local

apprentices keen to develop a long-term career in the

shoe industry.

The team set about working with a range of partners

including local schools to promote the opportunities

available. They delivered information sessions to groups

of young people about Church’s the company and its

products and screened suitable candidates. A shortlist

of applicants was provided to Church’s ahead of an

assessment day.

Following the success of the 2012 programme,

NEP’s Jobs Brokerage team has subsequently

supported Church’s with their apprentice

recruitment in 2013 and 2014.

High Performance Technologies (HPT)

Investment Programme

The HPT Investment Programme offers grants

to Northamptonshire businesses within the

HPT sector to support business growth and

sustainable job creation.

The programme was initially funded through

Regional Growth Fund (RGF), with additional

funding provided by EMB Ltd. Working in

partnership with EMB Ltd further funding was

secured through European Regional Development

Funding (ERDF) creating a total pot of £2.2m to

support HPT businesses in Northamptonshire.

To date, NEP has awarded £1.5m in grants to38

businesses within Northamptonshire, which will

safeguard and create 473 jobs and lever nearly

£10m in private sector investment by March 2016.

English Harbour Yachts in Oundle were one of the first

beneficiaries of the programme. Director, Alan Bowers,

said: “This funding has proven invaluable; it has enabled

us to develop a new model and will also assist with the

regeneration of the Oundle Marina site. The project has

so far led to 12 new jobs with over £300,000 private

investment.”

GE Precision Engineering is a specialist engine

design group consultancy and prototype low volume

manufacturer of engine and chassis components for

the automotive and motorsport industry. The company

was awarded £50,000 HPT R&D support to continue to

develop increased performance and increased energy

efficient engines. The investment will support the creation

of 15 new jobs by 2015.

Building on the foundations of the HPT Investment

Programme, NEP secured £4m of Regional Growth

Funding (RGF) to deliver a programme focused on large

scale R&D activity. Launched in January 2014,

the programme is delivered in partnership with SEMLEP.

A target exists of 500 jobs created and £12m private

sector leverage by March 2018.

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A Strategy to go Further, Faster

BY 2031 Create 70,000 new jobs

Business & Innovation

BY 2021

Strategic Imperatives

Create a £20 billion economy and

deliver 32,500 new jobs

What NEP is planning to do:

Internationalisation Strategy

NEP will deliver a smarter approach to working

internationally. We will build stronger relationships with

partners such as UK Trade and Investment and Chamber

of Commerce and will look for synergies in established

and emerging overseas markets to increase export

performance and target more company investment

opportunities for Northamptonshire.

Delivered by:

- Growing our Business

Base

- Supply Chain

Development

- Exploiting Our Export

Premium

- Attracting New

Investment

Improved

Innovation

Significant growth in both the

number of new businesses and

in the productivity of existing

businesses is an essential

requirement if Northamptonshire’s

ambition to grow its overall

economy to £20 billion in the next

seven years is to be realised.

It is necessary to invest in business

start-ups, expansion and to market

Northamptonshire as an attractive

investment location nationally and globally.

Business start-up is relatively strong

across the county’s sectors and

Northamptonshire has one of the highest

proportions of private sector employment

in the UK. However, ongoing and

targeted business support to drive

forward business growth and innovation

in Northamptonshire is a must.

Northamptonshire

Strategic Priority

To improve the productivity and competitiveness

of SMEs, through investing in innovation and

targeted business support

Major Investment Opportunities

Growth Hub, Sector Innovation Fund, INV-ENT, Locate

We also need to exploit

Northamptonshire’s export premium

- export figures show the county

experienced a sharp rise from

20.1 million in February 2013 to

43.8 million in February 2014.

In identifying the investment activities

to be supported by NEP’s Strategic

Economic Plan (SEP), we have built

upon the success of the existing

programme of support delivered

across Northamptonshire by NEP and

its partners. This programme will be

enhanced to ensure it keeps pace with

the changing operating environment.

In delivering future programmes, NEP will

also ensure that it continues to take into

account the specific issues affecting rural

businesses - over half of the population

of Northamptonshire live within rural

areas - with an overall approach heavily

focused on support for SMEs.

Population

Growth

Increased

productivity

Financed by:

- Local Growth Fund

- Growing Places Fund

- Regional Growth Fund

- European Structural and

Investment Fund Strategy

- Local Public and Private

Sector Finance

The pivotal importance of larger

companies within the local economy,

given their ability to create local supply

chains and support small business

development, is clearly recognised also.

Business Support Simplification Pilot

The Department for Business Innovation & Skills (BIS) has

invited NEP to pilot the rationalisation and simplification of

business support within Northamptonshire.

Over £46k of funding has been made available to support

this work which will see NEP undertake a comprehensive

review of the business support landscape to identify how

this can work best for our local businesses.

Silverstone Metrology Centre

A multi-million pound high precision measurement facility

will be built at Silverstone Business Park to support

SMEs in the development of new product ideas and to

create four apprenticeships. The new facility will enable

the smaller businesses there to access state-of-the-art

measuring and testing equipment that might otherwise

be too expensive.

This £1m project has been made possible thanks to a

£300,000 grant from Government’s Local Growth Fund.

10 Annual Report 2014

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JB Skills Poster V2.indd 1 03/06/2013 11:33

Employment & Skills

What NEP is planning to do:

BY 2021

Create a £20 billion economy and

deliver 32,500 new jobs

Strategic Imperatives

d

Young people

Creating and developing Northamptonshire’s future

skilled workforce is a key priority for NEP and is reliant on

addressing all aspects of the education, training and skills

system with schools critical to this.

Delivered by:

- Developing Our

Future Workforce

- Meeting the Current

and Future Demands

of Business

- Developing the

Delivery Infrastructure

High Jobs

Density

Improving

Skills Levels

Northamptonshire’s ambition is

to create an additional 32,500

jobs by 2021 which will require

additional employees to meet

these opportunities. It is also

essential that Northamptonshire’s

workforce has the necessary skills

and competences to meet the

current and future needs of our

fast-growing economy, which is

why Northamptonshire is serious

about skills.

Improving skills performance at every

level requires a transformational

approach and the necessary

infrastructure to create a 21st century

learning environment. Concerted

efforts have been made to develop this

infrastructure with many of the building

blocks now in place ahead of the need to

address some critical gaps in provision.

Northamptonshire’s Sector Skills

Programme includes a focus on

Northamptonshire

Strategic Priority

Improve the skills available to business,

through delivering high quality education and

training and expanding the skill base

of the resident workforce.

industry specific skills provision,

support for apprenticeships and

traineeships, employer responsive skills

support, intermediate and higher level

development for industries driving growth

and support for digital and ICT skills at

all levels.

Creating a skilled workforce is reliant on

addressing all aspects of the education,

training and skills system with schools

critical to this. Developing education

business links are necessary in effectively

developing the future workforce. Targeted

programmes that respond to the needs

of young people and employers which

include skills gaps and shortages of

basic and transferable skills including

team working, literacy, numeracy and

communication skills are essential.

Apprenticeships are the major route

into employer training. Building on the

strong work in the Northamptonshire

Apprenticeship Plan there now needs

Population

Growth

Meeting

Replacement

& Growth

Demands

Financed by:

- Local Growth Fund

- European Structural and

Investment Fund Strategy

- Local Public and Private

Sector Finance

to be additional work to increase the

volume and level of apprenticeships by

delivering pre-traineeships provision and

delivering more advanced and higher

apprenticeships.

Key to this commitment has been Challenge 2016,

which aims to find 2,016 local jobs for young people by

2016. This initiative based on strong partnership working

between DWP, Connexions, Northamptonshire County

Council and the seven district and borough councils

and NEP is already well on track. The latest figures

for August 2014 show that youth unemployment in

Northamptonshire has now dropped to 2,035 meaning

there are now less than half the numbers of young

jobseekers in the county compared to 2012.

This demonstrates the focus and commitment of local

businesses and the wider Northamptonshire partnership

network in maximising opportunities for our young

people. Through NEPs Jobs Brokerage Service, we will

continue to work collaboratively with our partners to

promote apprenticeships that meet the current and future

demands of business.

Enterprise for All

Through the Growth Deal, NEP will work with government

to explore the feasibility of implementing a programme

of Enterprise Advisers in line with Lord Young’s

recommendation in his review ‘Enterprise for All’.

Tresham Young People

The Growth Deal will invest £11.4m for the construction

of Tresham College’s new campus in Wellingborough.

This will provide a learning facility for 500 learners as well

as an enhanced provision to support ‘Not in Education,

Employment or Training’ (NEETs) and the unemployed.

When complete, the new campus will include a Science,

Technology, Engineering and Maths centre and will

offer subjects including Construction, Engineering and

Art & Design.

GET HELP

FINDING A JOB.

Northamptonshire’s Jobs Brokerage

team offers one-to-one support for

young people looking for jobs and work

based training. They helped over 350

young people last year.

Could they help you too?

Find out more

love-northamptonshire.co.uk

12 Annual Report 2014

northamptonshireep.co.uk 13


Housing

What NEP is planning to do:

BY 2031 Deliver 80,000 New Homes BY 2021 Deliver 37,000 New Homes

Delivered by:

Population

Growth 11%

above England

average

- Accelerating Housing

Development

- Meeting the Housing Needs of

the Current and Future

Population

- Promoting the Economic Case

for Increased Housing Supply

Northamptonshire has one of

the fastest growing populations

in the UK, exceeding national

growth rates by 36 per cent during

2001-2011 and accommodating

significant in-migration. This

growing population has and will

continue to place additional

demands for new housing which

has been recognised in the

Local Plan documents for North

Northamptonshire and West

Northamptonshire which provide

for a combined total of 35,200 new

homes over the life of the SEP.

In recognition of the scale of new housing

required, a series of Sustainable Urban

Extensions (SUEs) were agreed which

will deliver over half of the total housing

requirement over the plan period.

Strategic Imperatives

Northamptonshire

Strategic Priority

Ensure that the current and future needs of

Northamptonshire’s population are met by

providing the right product, at the right

price in the right place

Major Housing Sites

Corby North East, Daventry North East,

Kettering East, Northampton North,

Rushden East, Stanton Cross, Towcester South

A sophisticated understanding of

the needs of each of the two distinct

markets - North Northamptonshire and

West Northamptonshire - is important

to ensure that communities are open to

development, recognising that it meets

their needs and those of their families

and communities.

The need to meet the demands of both

a growing population and changing

demand in a market that is still recovering

from the economic downturn means that

intervention will be necessary to deliver

housing at the scale and pace required.

This will necessitate close working

relationships between all parties to

develop shared and creative solutions to

deliver the right product at the right time

in the right place.

Addressing Welfare

and Social Care Reforms

Lower than average

GVA per head

Financed by:

- Revolving Infrastructure

Fund

- Local Growth Fund

- Local Public and Private

Sector Finance

- Growing Places Fund

A Housing Strategy Board has therefore

been formally constituted within NEP’s

governance to reinforce the importance

of housing to the overall growth agenda

and to take forward the strategic

objectives for this priority.

Strategic Housing Action Plan

The Housing Strategy Board is committed to working in

partnership to support the delivery of 37,000 new homes

by 2021; and importantly making sure that these new

homes meet the current and future needs of the people

of Northamptonshire, be they a first time buyer, a family

looking for move on accommodation or ‘down-sizers’

whose families have now left home.

There is also a need to recognise the impact that Social

Care and Welfare Reforms will present for the housing

agenda and factor these into housing strategy and

delivery.

The housing market remains fragile and as such delivering

high quality housing fit for the 21st Century and beyond is

a complex business, requiring new and creative solutions

alongside the tried and tested.

The Strategic Housing Action Plan will therefore outline

how the ambition within existing statutory plans, housing

strategies and the Strategic Economic Plan can be turned

from ambition into reality.

Stanton Cross

£8.9m has been allocated from the Growth Deal for a

new road bridge over the Midland Mainline railway which

will allow new housing and business developments to the

east of Wellingborough.

The £500m Stanton Cross development on land to the

east of Wellingborough’s train station will be the largest

growth the town has seen since the 1960s. It will include

more than 3,000 new homes as well as shops, schools,

office space, a town park, community centre and

doctor’s surgery. Major improvements to roads and public

transport will also take place.

The whole development is expected to take 10-15 years to

complete and will create around 100 jobs a year over the

construction period, as well as more than 2,000 additional

permanent jobs once the project is completed.

14 Annual Report 2014

northamptonshireep.co.uk 15


Infrastructure & Connectivity

What NEP is planning to do:

BY 2031

Deliver 80,000 New Homes

and create 70,000 new jobs

BY 2021

Strategic Imperatives

Deliver 37,000 New Homes

and 32,500 new jobs

Public Works Loans Board

Government has made up to £50m available to

Northamptonshire in 2015/16 from preferential borrowings

through the Public Works Loan Board. This money will be

used to support strategic infrastructure investment which

forms part of the overall Growth Deal package.

Housing Demand

Gaps in critical enabling

infrastructure

Northamptonshire

Demand for

Market Ready Sites

Limited Move on Space

A45

£14m Growth Deal monies will be invested in the A45

Northampton to Daventry link road which will bring

significant environmental improvements for Flore, Weedon

and Upper Heyford and allow the development of

housing and employment sites.

Delivered by:

- Transport as an Enabler of Growth

- Growth Enabling Finance

- Provide a Portfolio of Market

Ready Major Investment Sites

- Increase Availability of Office

Floor Space

- Environmental Sustainability

and Energy

- Create Superfast

Northamptonshire - Digital and

Communications

The scale of growth potential

in Northamptonshire is clear.

An immediate pipeline of

more than 35,000 homes with

planning permission puts us in an

unrivalled position in England to

deliver high quality, sustainable

growth. However, much of this

development is constrained

by the timely delivery of major

infrastructure schemes.

The infrastructure needs are already

identified and agreed by partners so

development can be delivered quickly.

Within the wider infrastructure needs we

have taken detailed assessments of the

deliverability and impact of schemes and

have prioritised those schemes we know

can be delivered immediately.

Northamptonshire has already acted to

take the initiative and articulate its

Strategic Priority

Provide the necessary infrastructure to

facilitate sustainable economic growth

agenda for stimulating economic growth.

In 2011, the Northamptonshire Arc

spatial concept was agreed. This was

one of the first approaches of its type

in the country which looks at future

economic growth, the environment and

connectivity.

Through an integrated approach to

infrastructure and wider activity it aligns

with the six key principles of the ‘smart

city’ approach, namely a smart economy,

smart mobility, a smart environment,

smart people, smart living and smart

governance.

As part of the process of developing

the SEP we have worked with local

partners to identify the key infrastructure

investments necessary in the medium

and long term to deliver our vision

for growth. This work builds on the

significant planning and pre-scheme

Financed by:

- Revolving Infrastructure Fund

- Local Growth Fund

- Growing Places Fund

- European Structural and

Investment Fund Strategy

- Local Public and Private

Sector Finance

development already undertaken by

partners, especially both planning units

and Northamptonshire County Council in

its capacity as the Highways Authority.

A43

£8.9m from the Growth Deal will be spent on

improvements to the A43 in Northampton including

extra lanes, improved public transport and roundabout

improvements allowing new housing and business sites

to be developed.

Superfast Broadband

£2m will be invested to extend the final 10 per cent

of premises including the 60 business parks across

Northamptonshire to secure full coverage.

Growing Places

In 2011, NEP was allocated £5.8m from government’s

Growing Places Funding (GPF) which has already helped

to unlock significant development through investment in

infrastructure.

NEP’s GPF allocation has been committed to support the

release of housing and jobs, demonstrating that through

forward funding of infrastructure NEP can accelerate the

release of housing and employment.

The fact that the programme is heavily committed

demonstrates the demand for infrastructure investment

across Northamptonshire with ‘shovel-ready’ schemes that

are ready to go.

For example, funding of £1.6m has been provided to the

Bela Partnership from NEP’s Growing Places programme

for the Priors Hall West Link Road (PHWLR) which forms

an integral part of the wider Priors Hall Park residential

development, comprising around 5,100 homes and other

supporting mix of uses within the scheme.

Linked to this is the construction of the Corby Northern

Orbital Road (CNOR) and development of the Rockinghamrelated

business park which can accommodate 23,000 sq.

m of new employment floor space.

The provision of PHWLR is a key infrastructure requirement

which will unlock the development of an adjacent District

Centre site, providing 39,855 sq. m of retail, employment

and mixed use floor space.

16 Annual Report 2014

northamptonshireep.co.uk 17


Summary of Annual Accounts

In 2013/14 NEP’s income increased by a third on the basis of additional funding

awarded from central government to LEPs in recognition of the resources

required for LEPs to be effective in their role to develop and implement both

the Strategic Economic Plan (SEP) and European Structural and Investment

Fund Strategy (ESIF).

Income from Northamptonshire County Council continued to support NEP’s service delivery activity.

Expenditure on both project activity and running costs increased to ensure the delivery of the additional

responsibilities vested to LEPs in the development of both strategies.

At the end of the year our net assets were slightly higher than the previous year with a similar surplus carried into

the next financial year as a reserve.

Detailed Profit & Loss Account - Year ended 31 March 2014

Turnover

Local Authority Central Government income

NCC Capital Funding

Other public funding

Private sector

Total Income

2014 2013

£ £

839,585 200,969

1,277,904 1,509,278

287,370 154,093

15,115 6,725

2,419,974 1,871,065

Balance Sheet - Year ended 31 March 2014

Fixed assets

Tangible assets

2014 2013

£ £

10,817 9,200

Cost of Sales

Project Costs

Project Delivery Costs

Total Cost of Sales

Gross Profit

Corporate & Establishment Costs

(1,126,999) (859,636)

(785,377) (601,090)

(1,912,376) (1,460,726)

507,598 410,339

487,670 413,427

Current assets

Debtors

Cash at bank and in hand

40,448 38,737

2,411,099 1,837,012

2,451,547 1,875,749

Other Operating Income

Bank interest receivable

Surplus on ordinary activities

3,360 3,112

23,288 24

Creditors: amounts falling due within one year

(2,210,474) (1,655,674)

Net current assets

241,073 220,074

Total assets less current liabilities

251,890 229,274

Net assets

251,890 229,274

Reserves

Profit and loss account

251,890 229,274

Surplus

251,890 229,274

18 Annual Report 2014

northamptonshireep.co.uk 19


Governance Structure

NEP, like other Local Enterprise Partnerships, has taken on new responsibilities

for Government’s Local Growth Funding and the European Structural and

Investment Fund, both of which will be delivered as from 2015, alongside local

economic development funding provided by Northamptonshire County Council.

It is essential that the planning for, and delivery of this funding, is subject to

the highest standards of transparency, accountability and visibility.

The NEP Board therefore agreed to develop

new governance arrangements, which became

operational in 2014. These were designed to drive

forward growth in Northamptonshire; provide wide

partnership input to strategy development and

delivery; meet central Government’s tests for LEP

governance and leadership arrangements; and

importantly discharge the financial, democratic

and private sector accountability requirements for

devolved funding.

Programme

Management

NEP Board*

Strategic Growth agenda and

private sector accountability

Prosperity

Board

Democratic and Financial

Accountability

Operational Arm

of LEP Board Accelerating Growth Enabling Growth

These new arrangements bring together private,

public and voluntary and community sector partners

to drive forward the delivery of the Strategic

Economic Plan and European Structural and

Investment Fund (ESIF) Strategy, and ensure that

NEP’s business is delivered to the highest standards

of propriety and transparency.

Growth

Implementation

Board

Business

&

Innovation

Employment

&

Skills

Housing

Infrastructure

&

Connectivity

In addition to the wider partnership governance

structure, NEP as a company limited by guarantee

has a Finance and Audit Committee, which provides

ongoing scrutiny to the business and its operations.

Local

Delivery

Teams

HPT

Strategy Boards

Logistics

Finance & Audit

Sub-Committee

Northamptonshire

ESIF

Committee

Food & Drink

Creative

& Cultural

* Fulfils Local Transport Body functions

20 Annual Report 2014

northamptonshireep.co.uk 21


Working in Partnership

NEP has developed its governance structure to ensure that a wide range of public,

private, voluntary, community and other partners are involved in driving forward our

business and making sure that we continually operate to the highest standards of

propriety in the best interests of Northamptonshire, its businesses and its people.

Business & Innovation

Chair: David Rolton

Maxine Aldred

David Attwood

Simon Bowers

Philip Bruce

Jon Corbett

Gerald Davies

Prof. Simon Denny

Paul Griffiths

Jan Hamilton-Thompson

Ian Harrison

Stuart Hartley

Linda Lee-Davies

Amanda Nunn

David Oliver

David Scott

Stephen Smith

David Ward

Syed Ziaullah

Founder, Rolton Group

Employment & Skills

Chair: Stephen Davies

Clare Allen

Cllr. Tom Beattie

Sharon Blackburn

Pat Brennon-Barrett

Paula Bright

Collette Byrne

Helen Chambers

Andrew Cheal

Martin Hammond

Jon Hinde

Sara Homer

Greg Kirkman

Sharn Matthews

Cllr. John McGhee

Ged McHugh

Stuart Parkes

Mark Sawyer

Alan Smith

Carolyn Svahn

Julie Trahern

Ian Vincent

Mairi Watson

Stuart Wesselby

Sue Wright

Development Manager, Federation of Small Businesses

European Sales and Operations Manager, Bobux International

Business Manager, Daventry District Council

Group Managing Director, Scott Bader

Head of Corporate Banking, Barclays

Deputy Principal Resources and Development, Moulton College

Director of Research, Impact & Enterprise, University of Northampton

Chief Executive, Northamptonshire Chamber of Commerce

Economic Development Officer, South Northamptonshire Council

Regional Director, UKTI

Centre Manager, Corby Enterprise Centre

Principal Lecturer Corporate & CPD, University of Bedfordshire

Assistant Director, CBI

Chief Executive, East Northamptonshire Council

Chairman, Scotts of Thrapston

Chief Executive, EMB Group

Strategy and Business Development Manager, Voluntary Impact Northamptonshire

Chief Executive, Action Express

Chief Executive & Principal, Moulton College

HR Director, St Andrews Healthcare

Leader, Corby Borough Council

Police & Communications Director, DWP

Principal, Northampton College

Senior Executive, Connexions

Regional Partnership Manager, Enable

Senior Partnership Manager, DWP

Assistant Director, Learning, Skills and Education, Northamptonshire County Council

Deputy Chief Executive, Kettering Borough Council

Principal Regeneration Officer, Northampton Borough Council

Acting Chairman, Brackmills Estate

Managing Director, Ensafe Consultants

Executive Director, East Northamptonshire Council

Northamptonshire County Council

Economic Development Officer, Corby Borough Council

Relationship Manager, Skills Funding Agency

Managing Director, IPS Global

Chief Executive, Nital

Training & Development Consultant

Head of Income and Debt, Kettering Borough Council

Chief Executive, Daventry District Council

Deputy Dean, Development, University of Northampton

Principal, Tresham College

Account & Sector Manager, National Open College Network

Housing

Chair: David Reynolds Chairman, NNDC

Charles Amies

Director, Midlands, HCA

David Atkinson

Head, WNJPU

Roy Boulton

Assistant Director, Northamptonshire Highways, Northamptonshire County Council

Gary Brough

Director of Estates, Northampton College

Steve Butterworth Housing Coordinator, Corby Borough Council

Carol Cairns

Area Manager, HCA

Bob Colenutt

Senior Lecturer, Social Sciences, University of Northampton

Carol Conway

Housing Strategy & Delivery Manager, East Northamptonshire Council

John Conway

Head of Housing, Kettering Borough Council

Joanne Harrison

Strategic Housing Manager, South Northamptonshire Council

Chris Hatfield

Managing Director, David Wilson Homes

Vicki Jessop

Principal Housing Manager, Wellingborough Council

John Lagan

Development Director, Lagan Group

Paul Lewin

Planning, Policy and Heritage Manager, Northampton Borough Council

Andrew Longley

Planning Manager, JPU

Jacquie Page

Housing Strategy Manager, Corby Borough Council

Katie Sagoe

Director of Housing Services, Spire Homes

Caroline Wardle

Chief Executive, NNDC

Andrea White

Business Development Director, Keepmoat Regeneration

Richard Wood

Local Strategy Manager, Daventry District Council

Infrastructure & Connectivity

Chair: Cllr. Jim Harker OBE Leader, Northamptonshire County Council

David Atkinson

Head, WNJPU

Michelle Booth

Service Administrator, University of Northampton

Simon Bowers

Business Manager, Daventry District Council

Steve Boyes

Director of Regeneration, Enterprise & Planning, Northampton Borough Council

Chris Carlisle

Director, Decorum Estates

Tony Ciaburro

Director of Environment, Development & Transport, Northamptonshire County Council

Gerald Davies

Deputy Principal Resources and Development, Moulton College

Matt Easter

Regional Director of Office Agency, Sustrans

Mark Hall

Director of Finance, Infrastructure, IT and Commercial Services, University of Northampton

Alex Jelley

Economic and Regeneration Manager, Kettering Borough Council

Gareth Jenkins

Head of Bid Management, BT Group

Victoria Lazenby

Asset Development Team Leader, Highways Agency

Ian Leather

Regional Director of Office Agency, Lambert Smith Hampton

Ged McHugh

Economic Development Officer, Corby Borough Council

Peter Orban

Regional Development Manager, Sustrans

Nicholas Roberts

Partner, Drake Commercial LLP

James Saunders-Watson Head of Investment Trust Marketing, J.P. Morgan

Paul Tomlinson

Associate, URS

Greg Ward

Lead Officer, Economic Development and Tourism, South Northamptonshire Council

Andy Wilkinson

Midlands Flood and Coastal Risk Manager, Environment Agency

Bill Wright

Business Development Manager, Parkway MK

22 Annual Report 2014

northamptonshireep.co.uk 23


Northamptonshire ESIF Committee

Chair:

Cllr. André Gonzalez De Savage Northamptonshire County Council

Ian Achurch

Lee Barron

Cllr. Tom Beattie

Simon Bovey

Steve Boyes

Jane Carr

Helen Chambers

Melanie Crunkhorn

Barry Davies

Prof. Simon Denny

Phoebe Edwards

Mark Foley

Andrea Hughes

Matt Latham

Karen Lewis

Danny Moody

Will Morlidge

Stuart Parkes

Emma Powlett

Greg Ward

Ian White

Prosperity Board

Chair: John Markham OBE

Cllr. Tom Beattie

Cllr. Paul Bell

Cllr. Michael Clarke

Cllr. Jim Harker OBE

Cllr. David Mackintosh

Cllr. Chris Millar

Cllr. Steven North

Cllr. Russell Roberts

Cllr. Bill Parker

Head of External Funding & Partnerships, Northamptonshire County Council

Regional Secretary, TUC

Leader, Corby Borough Council

Chairman, Northamptonshire LNP

Director of Regeneration, Enterprise & Planning, Northampton Borough Council

Chief Executive, Voluntary Impact Northamptonshire

Senior Partnership Manager, DWP

ERDF Governance Manager, DCLG

Chair, National Farm Attractions Network

Director of Research, Impact & Enterprise, University of Northampton

Executive Director, EMB Ltd

Head of Programme Delivery Team, DCLG

Director of Employer Engagement and Marketing, Moulton College

Programme Manager, Environment Agency

Strategic Bidding Manager, University of Northampton

Chief Executive, Northamptoinshire County Association of Local Councils

Assistant Director, BIS

Relationship Manager, Skills Funding Agency

Rural Management Consultant

Lead Officer, Economic Development and Tourism, South Northamptonshire District Council

Team Leader, DCLG

Chair, NEP

Leader, Corby Borough Council

Leader, Wellingborough Council

Northamptonshire County Council

Leader, Northamptonshire County Council

Leader, Northampton Borough Council

Leader, Daventry District Council

Leader, East Northamptonshire Council

Leader, Kettering Borough Council

Northamptonshire County Council

Growth Implementation Board

Chair: John Markham OBE

Paul Blantern

John Campbell

David Cook

David Kennedy

David Oliver

Sue Smith

Norman Stronach

Ian Vincent

Chair, NEP

Chief Executive, Northamptonshire County Council

Chief Executive, Wellingborough Council

Chief Executive, Kettering Borough Council

Chief Executive, Northampton Borough Council

Chief Executive, East Northamptonshire County Council

Chief Executive, Cherwell & South Northamptonshire Council

Chief Executive, Corby Borough Council

Chief Executive, Daventry District Council

Creative & Cultural Industries Strategy Board

Chair: Martin Sutherland Chief Executive, Royal & Derngate

Morag Ballantyne

Consultant

Steven Boyes

Director of Regeneration, Enterprise & Planning, Northampton Borough Council / Enterprise Zone

Graham Callister

Cultural Policy & Planning Manager, Northamptonshire County Council

Simon Fitch

Senior Manager Funding Programmes, Arts Council

Tony Klinger

Chief Executive, SAM Films

Carol MacIntyre-Jones Company Director, River Nene Boats

Laura Malpas

Visitor Services & Community Manager, National Trust

Nisha Mejer

Chair, NIFF (Northampton Inter Faith Forum)

Steven Taylor

Dean (acting), School of the Arts, University of Northampton

Neil Webb

Director, Balance UK

Andrew Wise

Strategic Director, Engine Creative

High Performance Technologies Strategy Board

Chair: Philip Bruce

Group Managing Director, Scott Bader

Stuart Banks

Chief Executive, Stuart Banks Engineering

Simon Dowson

Managing Director, Delta Motorsport

Luke Hampton

Supply Chain Development Manager, Society of Motor Manufacturers and Traders

Karen Holland

Chief Executive, XCAM

Richard Philips

Managing Director, Silverstone Circuit

David Rolton

Founder, Rolton Group

John Sinclair

Dean of the School of Science & Technology, University of Northampton

Pio Szyjanowicz

Group Head of Marketing, Cosworth

Clive Temple

Programme Director, MSc Advanced Motorsport Engineering, Cranfield University

Julian Winch

General Manager, Snap-on

Logistics Strategy Board

Chair: Scott McGinley

Commercial Director, DalePak

Paul Abbott

Group Director, Knights of Old

Steve Agg

Chief Executive, The Chartered Institute of Logistics and Transport UK

Ian Beattie

Managing Director, Knights of Old

Tony Ciaburro

Director, Environment Development & Transport, Northamptonshire County Council

Paul Davey

Head of Corporate Affairs, Hutchison Ports UK

Liam Fassam

Lecturer in Operation Management, University of Northampton

Andrew Gough

Associate Professor, University of Northampton

Elaine Harries

Managing Director, Action Express

Mark LaMontais

Business Development Manager, Yusen Logistics

Frank Ring

Business Development Manager, Amethyst Group

Mark Simmons

HR Director, Norbert Dentressangle

Finance & Audit Sub-Committee

Chair: Graham Goss

Consultant, Haines Watts Chartered Accountants

Gerald Couldrake

Company Secretary, Howes Percival Solicitors

Andrew Langley

Managing Director, Juniper Trading

John Markham OBE

Chair, NEP

Cllr. Bill Parker

Northamptonshire County Council

Acknowledgment:

NEP would like to thank Rowena Limb and Will Morlidge, of BIS, for their support

to the Governance Structure, Partnership Working and NEP generally.

All partnership bodies are supported by the NEP Executive Team.

24 Annual Report 2014

northamptonshireep.co.uk 25


NEP Team

NEP has a strong track record in the development and delivery of

strategic economic investment programmes including successful

delivery of Government programmes such as Regional Growth

Funding, Growing Places, together with locally funded initiatives

such as INV-ENT, LOCATE and Soft Landing.

This successful delivery is down to the NEP team, which is competent, capable and

effectively resourced with significant experience in delivering economic growth activity.

Importantly, the team has a sound understanding of the locality, together with the

commitment to work strongly in partnership via the new governance arrangements.

In anticipation of the move to delivery of the SEP and ESIF strategy, NEP has completed a

re-organisation designed to manage both performance and in-house delivery of NEP

products and services, alongside a strategy and commissioning function, which will deliver

through partner organisations. NEP will operate these two distinct arms of the business,

ensuring that there is a clear separation of duties between the role of investment manager for

national and European funding, and that of delivery body for local programmes.

Chief Executive’s Office

Jo Lappin

Chief Executive Officer

01604 609 544

jo.lappin@northamptonshireep.co.uk

Debbie Roe

Executive PA to Chair, Chief Executive

& Office Manager

01604 609 393

debbie.roe@northamptonshireep.co.uk

Apprentice Administration Officer

Vacant post

Business & Innovation

Tim Bagshaw

Head of Business & Innovation

01604 609 392

tim.bagshaw@northamptonshireep.co.uk

Ruth Roan

Small Business Support Manager

01604 609 383

ruth.roan@northamptonshireep.co.uk

Dagogo Kinigoma

Business Advisor

01604 609 547

dagogo.kinigoma@northamptonshireep.co.uk

Julia Schumacher

Business Growth Manager (Sectors)

01604 609 386

julia.schumacher@northamptonshireep.co.uk

Charlotte Patrick

Business Growth Manager (Supply Chain)

01604 609 397

charlotte.patrick@northamptonshireep.co.uk

David Burrows

Internationalisation Manager

01604 609 533

david.burrows@northamptonshireep.co.uk

Jonathan Nunn

Corby Inward Investment Manager

01604 609 545

jonathan.nunn@northamptonshireep.co.uk

Employment & Skills

Head of Employment & Skills

Vacant post

Jo Stewart

Jobs Brokerage Manager

01604 609 993

jo.stewart@northamptonshireep.co.uk

Louise West

Jobs Broker

01604 609 546

louise.west@northamptonshireep.co.uk

Education Business Manager

Vacant post

Skills Development Manager

Vacant post

Finance

June Meadows

Head of Finance

01604 609 534

june.meadows@northamptonshireep.co.uk

Programme Management

Sajeeda Rose

Chief Operating Officer

01604 609 548

sajeeda.rose@northamptonshireep.co.uk

Cathy Martin

Programme Manager

01604 609 385

cathy.martin@northamptonshireep.co.uk

Stacey Wylie

Programme Manager

01604 609 388

stacey.wylie@northamptonshireep.co.uk

Adam Bracewell

Funding Programme Co-ordinator

01604 609 387

adam.bracewell@northamptonshireep.co.uk

Julie Hardisty

Programme Assistant

01604 609 541

julie.hardisty@northamptonshireep.co.uk

Laura Jenkins

Investment Data Co-ordinator

01604 609 396

laura.jenkins@northamptonshireep.co.uk

Marketing & Communications

Kate Dent

Head of Communications

01604 609 537

kate.dent@northamptonshireep.co.uk

Gill Birkett

Marketing Executive - New Media

01604 609 532

gill.birkett@northamptonshireep.co.uk

Mark Hillier

Marketing Executive - Content

01604 609 399

mark.hillier@northamptonshireep.co.uk

Ben Mainwaring

Marketing Executive - Digital & Production

01604 609 540

ben.mainwaring@northamptonshireep.co.uk

European Office

Richard Woods

Head of European Investment

+32 (0) 2238 1070

richard.woods@northamptonshireep.co.uk

Ryan Titley

European Investment Manager

+32 (0) 2238 1070

ryan.titley@northamptonshireep.co.uk

26 Annual Report 2014

northamptonshireep.co.uk 27


Funding from

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