Economic Development Fund schemes approved by the Strategic Leaders Board to date
North Somerset Enterprise Technical College a £26.9m project funded with £3.702m from EDF
Project Completion update
The NSETC is a Science, Technology, Engineering and Maths related Free School for 14-19 years olds and a member of the Weston Enterprise & Entrepreneurial Learning (WEEL) Multi-Academy Trust, which is sponsored by Weston College. A strong business ethos and partnership working with businesses are core to its approach.
The NSETC project completed works and opened to students on the 5 September 2016.
Avonmouth Severnside Ecology & Flood Development Costs a £1.9m project funded from EDF
The Avonmouth & Severnside Integrated Development, Infrastructure and Flood Risk Management Study sought to identify the challenges to the Avonmouth Severnside Enterprise Area’s development and identify a viable way forward to ensure that existing infrastructure and development in the area remained sustainable. It recommended that further detailed studies should be undertaken to confirm details and costs of the flood defence, and ecology options, including, if appropriate, proposals for the phasing of those options.
EDF funding has been allocated to complete Phase 1 (design and development works) of the Avonmouth Severnside Flooding and Ecology works, including the appropriate survey and design/development work in order to be able to take forward the necessary flood defence and ecology mitigation interventions identified for the Avonmouth Severnside Enterprise Area.
Invest in Bristol and Bath project funded with £5m from EDF
The LEP’s Strategic Economic Plan positions investment and promotion as one of four levers for growth for the West of England economy. The Invest in Bristol and Bath (IBB) inward investment service has a proven track record, and has over recent years created 1,150 jobs and safeguarded 330 more, contributed £84.5m of GVA and successfully supported 52 companies. Through the EDF £5m of funding will be provided over 5 years from April 2015 to provide the IBB service. This will build and maintain a strong investment promotion service for the West of England that:
- Creates jobs by attracting business investment to the region.
- Secures income for the area through the City Deal by attracting investment to the Enterprise Zone and Areas.
- Supports the area’s and individual Unitary Authority economic development priorities
BTQEZ Programme Delivery Team a £2.5m project funded from EDF
The development of the Bristol Temple Quarter Enterprise Zone (BTQEZ) is a priority for Bristol City Council and the West of England LEP. The EZ Programme Delivery Team is being set up to engage in the direct delivery of projects and work with partners to respond to opportunities and challenges for the benefit of the Zone, Bristol and West of England.
Bath Riverside Enterprise Zone Team a £1.99m project with £685k funded from EDF
To ensure the successful delivery of target economic outputs - business rates, jobs and office space - the project seeks funding for a team to ensure the Zone is appropriately promoted towards target audiences. The team will be responsible for bringing forward key identified economic sites and influencing private development by creating strong public and private sector partnerships to set a development precedent across the Enterprise Zone.