Farewell to AIFs

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• Farewell to AIFs
• Hello to What?
• Kathy Slack
• SEEDA
• 18th March 2008

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Area Investment Framework ( slide from 2002)

• Tool to determine most effective way of deploying
  resources
• Complementary to economic partnership strategies,
  community plans etc
• Identifies financial investment in an area
  mainstream and other
• Compares investment with need
• Leads to a practical plan of action
• Co-ordinated investment planning (3-5yrs)
• For use by all partners not just SEEDA
• Negotiated not bidding
• Regional outcome targets
• Adding value to investment

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Sub National Review

• What we know - proposals
• Stronger local authority role in economic
  development
• Collaboration across economic areas
• Single Regional Strategies RDAs to work closely
  with local authorities / stakeholders
• RDA funding delegated to local authorities

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SEEDAs Role and Vision

• Managing the Living RES process
• Ensure RES targets on track
• Effective regional accountability framework in
  place
• Delivering the RES Strategic Resource Plan
• SEEDA role clear resource applied transparently
• Resource applied differentially in place
  understood and agreed with local partners
• SEEDA adding value according to new Performance
  Framework
• Continuous improvement
• Shifts in ways of working

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Core Strategy 5 Major Shifts

• Simplification and refinement of strategy
• where SEEDA has a major delivery role
• Development of policy and delivery mechanisms
• where SEEDA is leading the region into new areas
  of work
• Align resources and catalyse new approaches
• where other partners have a leading delivery role
  
• Develop new approaches to investing in
  place-making
• where local and regional priorities connect
• Prepare for new responsibilities and ways of
  working
• in close collaboration with local authorities and
  stakeholders

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SEEDA .

• Adopts LAA MAA as central focus for delivering
  RES
• Commits to use LAA and MAA as route to devolve
  place based investment
• Works with LAs to develop partnership arrangements

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New Ways of Delivery

• Strategic Economic Partnerships
• Hampshire (HEP majoring on strategic links with
  business, Hants LAA, Basingstoke diamond, rural
  and support to PUSH, will retain task groups)
• South Hants (Underpinning Partnership for Urban
  South Hants, high level Programme Board supported
  by Business Forum)
• Isle of Wight (Key Delivery Partnership on
  economic and environment supported by Business
  Forum)
• LSPA/Employment Skills Board ? Feed in
  strategic skills issues