Meeting LEP SME Working Group Date Wednesday 27 November 2013 Time 1.00 pm Place Workspace Head Office, 1-3 Brixton Road, London, SW9 6DE

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1 AGENDA Meeting LEPSMEWorkingGroup Date Wednesday27November2013 Time 1.00pm Place WorkspaceHeadOffice,1-3 BrixtonRoad,London,SW96DE AgendasandminutesofthemeetingsoftheLondonEnterprisePanelanditsWorkingGroupsare publishedonthegla swebsiteatwww.london.gov.uk/londonenterprisepanel(exceptinthosecases whereinformationmaybeexemptfromdisclosureunderthefreedomofinformationact).meetingsare notheldinpublicandareonlyopentothoseinvitedtoattendbythechair(orco-chair)ofthegroup. Members: StephenHoward(Co-Chair) KitMalthouseAM(Co-Chair) CllrStephenAlambritis MalcolmBacchus MikeBrook RajeebDey JamieHopkins IndyJohar EmmaJones SimonPitkeathley RichardShackleton SueTerpilowski PeterThackwrayOBE ParveenThornhill JennyTooth Observers: SourayaAli,LondonCouncils AndrewCooke,London&Partners CityHall,TheQueen swalk,londonse12aa Enquiries: minicom: www.london.gov.uk 1

2 1 ApologiesandChair'sAnnouncements 2 DeclarationsofInterests TheChairtoinviteMemberstodeclareanyinterestswhichtheymayhaveinanyoftheitems setoutontheagenda. [Note:InaccordancewiththeGLA scodeofethicsforstaff,officersmustmakeadeclaration ofinterestonanyissueonwhichtheyareadvisingthemayorwhichaffectsaninterestheldby them-oranypersonrelatedtothemorwithwhomtheyhaveaclosepersonalrelationship whetherfinancialorotherwise-andensurethatthedetailsarerecordedintheauthority s RegisterofInterests.] 3 Minutesofthepreviousmeetingheldon16September2013(Pages1-8) 4 Reportonactionsarising(Pages9-10) 5 RoleofthePrimeMinister'sSmallBusinessAmbassadors OverviewbyMaryMacleodMP,SmallBusinessAmbassadorforLondon. 6 Jobs&GrowthPriorities:ImplementationUpdate(Pages11-22) 7 Workspace a) OverviewofWorkspaceGroup PresentationbyJamieHopkins,SMEWorkingGroupMemberandChiefExecutiveof WorkspaceGroup. b) WorkspaceResearch(Reporttofollow) PresentedbyMariaDiaz,GLAPrincipalPolicyOfficer-Business&SkillsandTobias Goevert,GLAPrincipalProjectOfficer RegenerationTeam. 8 BusinessImprovementDistricts:ActivityUpdate(Pages23-34) PresentedbySimonPitkeathley SMEWorkingGroupMemberandCo-ChairoftheBIDs SteeringGroup. 9 LondonBusinessSurvey(Pages35-36) PresentedbyMariaDiaz,GLAPrincipalPolicyOfficer-Business&Skills. 2

3 10 EUFundingProgrammes a) EuropeanStructuralFunds PresentationbyAlexConway,GLAEuropeanProgrammesDirector. b) OtherEUFundingProgrammes PresentationbyBernardoRodrigues,London'sEuropeanOffice(Brussels). 11 Trade&ExportEventsCalendar(Pages37-40) ProvidedbyUKTrade&Investment(UKTI). 12 DateofNextMeeting ThenextscheduledmeetingoftheGroupisat3.00pmon12March AnyOtherBusinesstheChairConsidersUrgent 14 CloseofMeeting 3

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5 Agenda Item 3 MINUTES Meeting: LEPSMEWorkingGroup Date: Monday16September2013 Time: 2.00pm Place: Committeeroom2,CityHall,The Queen'sWalk,London,SE12AA SummaryminutesofthemeetingsoftheLondonEnterprisePanel ssmeworkinggrouparepublished onthegla swebsiteatwww.london.gov.uk/londonenterprisepanel. MeetingsofthisGrouparenotheldinpublicandareonlyopentothoseinvitedtoattendbytheChair ofthegroup. Present: Members: StephenHoward(Co-Chairinthechair) KitMalthouse(Co-Chair) SueTerpilowski CllrStephenAlambritis MalcolmBacchus MikeBrook JamieHopkins SimonPitkeathley PeterThackwray ParveenThornhill JennyTooth Observers: SourayaAli-LondonCouncils AndrewCooke-London&Partners Byinvitation: RobBaldock-CentreforEnterpriseandEconomicDevelopment(CEEDR)(Item6conly) RobHindle-SQW(Item6conly) GLAofficers: KevinAustin-AssistantDirectorofLondonEngagement(Item7aonly) ShahidBashir,SeniorProjectManager-DiversityWorksforLondon CityHall,TheQueen swalk,londonse12aa Enquiries: minicom: www.london.gov.uk Page 1

6 London Enterprise Panel LEP SME Working Group Monday 16 September 2013 GLAofficers(continued): AlexConway-EuropeanProgrammesDirector MichelleCuomoBoorer-SeniorManager-Skills,SMEs&Employment MariaDiaz-Palomares PrincipalPolicyOfficer-Business&Skills DavidGallie,AssistantDirector-GroupFinance KevinHoctor-PrincipalPolicyOfficer-Skills,Employment&SMEs JenneferHolmes-PrincipalPolicyOfficer-Business&SkillsJenneferHolmes DebbieJackson-AssistantDirector Regeneration(Items6band9only) SamLow WebContentManager(Item7aonly) ClaireSherer-SeniorBoardOfficer 1 ApologiesandChairsAnnouncements(Item1) 1.1 ApologieswerereceivedfromEmmaJones,IndyJoharandRichardShackleton. 2 DeclarationsofInterests(Item2) 2.1 MikeBrookdeclaredaninterestinItem6cbyvirtueofthebidtotheGrowingPlacesFund fromcapitalenterprise.peterthackwraydeclaredaninterestinitem6cbyvirtueofthebids fromcapitalenterpriseandgreaterlondonenterprise.bothwouldwithdrawfromthe meetingatthepointofdiscussion. 3 Minutesofthepreviousmeetingheldon20June2013(Item3) 3.1 DECISION: Thattheminutesofthemeetingheldon20June2013beagreedasatrueand accuraterecordofthemeeting. 4 Reportonactionsarising(Item4) 4.1 Memberswereadvisedthatmostoftheoutstandingactionswereaddressedonthisagenda withtheexceptionofoneitemregardingrelevantissues(suchasbusinessrates)which wouldbecontinuallymonitoredbyofficersandbroughtbacktothegroupasnecessary. 4.2 DECISION: Thattheupdateonactionsarisingfrompreviousmeetingsbenoted. 5 UpdateonLondonEnterprisePanelmembership(Item5) 5.1 MemberswereadvisedthatatthelastmeetingoftheLondonEnterprisePanel(LEP),the MayorofLondonhadannouncedthathewouldbetakingthechairfromthe2October2013 meetingonwards.thecurrentco-chairswouldbecomedeputychairs. Page 2

7 London Enterprise Panel LEP SME Working Group Monday 16 September Atthesametime,theremitoftheLEPwouldbewidenedinordertobringtogetherthekey leversofgrowthbyincorporatingstrategicoversightoflondon splansforhousing, transport,theolympiclegacyandeastlondonconvergence. 5.3 TosupportthiswidenedrolehewouldalsobeappointingtheCommissionerofTransportfor London,theDeputyMayorsforHousing,Land&PropertyandTransport,theDeputyChair ofthelondonlegacydevelopmentcorporation,themayor'schiefofstaffanda representativefromamajorlondonuniversity(tobenominatedbythemayor).thechairof LondonCouncilswouldbeinvitedtoattendmeetingsasanon-votingobserver. 5.4 DECISION: Thattheupdatebenoted. 6 Jobs&GrowthImplementation(Item6) 6(a) ImplementationPlan-Update(Item6a) 6.1 MembersconsideredtheImplementationPlan,notingthatmanyofthesubstantiveitems suchasbusinesssupportwerebeingconsideredelsewhereontheagenda. 6.2 DECISION: ThattheImplementationPlanbenoted. 6(b) GrowingPlacesFund:SummaryofRound2Bids(Item6b) 6.3 Membersreceivedanoverviewofworktodateinrelationtothe32bidsreceivedaspartof thegrowingplacesfund(gpf)round2biddingprocessheldbetweenmayandjune2013, notingthattheoverallapproachhadbeenendorsedbythelondonenterprisepanel(lep)at its24july2013meetingandthatthelepwouldmakefurtherrecommendationson2 October Giventhelimitedfundingavailable,theco-Chairinthechairwaskeenforprojectstobe prioritisedwheretheywereadditive,scalableandattractedleverageand/ormatch-funding. 6.5 Asthebidshadbeenofmixedquality,itwassuggestedthatanyfutureroundsoftheGPF shouldofferapre-applicationmeetingwithpotentialbidders. 6.6 Inresponsetoanumberofquestions,Memberswereadvisedthat: officers not only assess the individual bids but also look at how they might interlink with other bids or projects already being managed by the wider GLA family.thiswasoverseenbyaprogrammemanagementteam;and somefinancialplanningworkwouldbeconsideredbythelepatitsmeetingon2 October2013 thiswouldincludeearlyindicationsonhowthegpf(asarevolving fund)mightbepaidbackandredistributedforfuturebiddingrounds. 6.7 DECISIONS: Page 3

8 London Enterprise Panel LEP SME Working Group Monday 16 September 2013 a) Thatthesummaryofthebiddingprocessthusfarbenoted; b) Thattheapproachtakentodevelopingthreecategoriesofprojectsbenoted; and c) ThatthedecisionstakenbytheLondonEnterprisePanelatthemeetingof24 Julybenoted. 6(c) SMEAccesstoFinance(Item6c) 6.8 MikeBrookandPeterThackwraywithdrewfromthemeetingforthisItembyvirtueoftheir interestsdeclaredatitem2.1above. 6.9 Theco-ChairinthechairwelcomedRichardHindleandRobBaldocktopresenttheirinterim researchfindingsonaccesstofinanceforlondonsmesandwhethertherewascasefor publicsectorintervention Inconclusion,theyidentifiedanumberofgapsasfollows: Start-up:Debt issueintomediumterm Mezzanine:Debt,withequitylink:medium-termgap Angelfinance:Small-scaleequity: 50kplus:med-longterm Small-scaleequity: 250k- 2m:longtermgap,withpotentialforafund. Medium-scaleequity: 2m plus: long term gap in new/complex technology firms TheGroupdiscussedtheseconclusionsandtheassociatedinterventions,withsomeMembers notingthattheyfelttherewasadisconnectbetweensomeofthefindingsandmessages theywerehearingdirectlyfromsmes.thisparticularlyrelatedtosmallscaleequityproblems below 100kanddebtfinanceproblemse.g.inrelationtooverdraftsbeingwithdrawnby banks Theresearchersnotedalloftheseviewsandadvisedthatthefinalresearchwouldbe publishedinautumn TheGroupwereadvisedthatanyLEPSMEFinanceschemetoaddressmarketfailuresor fundinggapswouldhavepotentialformatch-fundingthroughthe European ProgrammestobediscussedatItem8below DECISION: ThattheSMEAccesstoFinanceresearchfindingsbenoted. 7 BusinessSupport(Item7) 7(a) Portal(Item7a) 7.1 MemberswereadvisedthattheGLAwasabouttoembarkonan18monthrevampofits websiteandthatthesmeworkinggroup splanstointroduceadedicatedbusinesssupport Page 4

9 London Enterprise Panel LEP SME Working Group Monday 16 September 2013 portalwouldbealignedtothatworkprogramme.theexistingsmewebsitepageshadbeen improvedandwouldcontinuetobeimprovedduringthisperiod. 7.2 Althoughitwasrecognisedthattherewerebenefitstointegratingtheportalwithinanew GLAwebsite,therewereconcernsaboutdelaysinimplementingtheportal(whichwasakey deliverableforthegroup).therewerealsosomequestionsastowhetherthiswouldrestrict thebrandingandfunctionalityoftheportalwhichmightaffectitsappealtobusinesses. 7.3 Toensurethattheseconcernswereaddressed,itwasagreedthatthoseMembersofthe WorkingGroupwhohadrecentlybeeninvolvedinassistingwiththedevelopmentofthe portalwouldbeconsultedfurtheronthiswork-stream.therewasalsoanopeninvitationfor allothermembersofthegrouptoprovidetheircommentsfollowingthemeeting. 7.4 DECISIONS: a) ThattheupdateontheGLA swebsiterevampbenoted;and b) ThatofficerscontinuetoworkwithMembersoftheSMEWorkingGroupto addresssomeoftheconcernssetoutatparagraph7.2above. 7(b) Events(Item7b) 7.5 Memberswereadvisedthat: anumberoftrade&exporteventswerehappening(manyofwhichwerelistedat Item 14 on the agenda) and that there would be a number of partnership opportunitiesinrelationtoexportweek(11 15November2013);and fourlep debates wouldrunbetween14octoberand29november2013witha debatededicatedto London:smallbusinesscapitaloftheworld? happeningon4 November DECISION: Thattheupdateoneventsbenoted. 8 EUStructuralandInvestmentFunds (Item8) 8.1 MembersreceivedapresentationonrequirementstodeliveradraftstrategyonEUStructural andinvestmentfunds togovernmentby7october2013withthefinalstrategy dueinjanuary2014.thelepwouldbeconsideringthedraftstrategyatitsmeetingon2 October2013andWorkingGroupMemberswouldbegivenanopportunitytomake commentsatthispoint. 8.2 MembersdiscussedsomeissuesthathadarisenfromthepreviousroundofEUfunding(such asonerousauditorrepaymentrequirements)andwhetherthiscouldbepreventedforthe programme.Theseviewswereacknowledged.Although,itwasnotedthatthe requirementswereatthediscretionoftheeuropeancommissionand/ortheukgovernment whowereawareoftheseconcerns. 8.3 DECISION: Page 5

10 London Enterprise Panel LEP SME Working Group Monday 16 September 2013 ThatthepresentationonEUStructuralandInvestmentFunds be noted. 9 PromotingInnovationonthehighstreet(Item9) 9.1 Membersreceivedapresentationonworkdonetodateinpromotinginnovationonthehigh streetwithanemphasisthathighstreetsshouldbethoughtofasamixedofferingandnot justretail. 9.2 Theco-ChairinthechairthankedDebbieJacksonforherpresentationandwelcomedthe opportunityforthesmeworkinggrouptobecomeinvolvedinthisimportantareaofwork. Memberswereinvitedtofeedanycommentstoherdirectlyfollowingthemeeting. 9.3 DECISIONS: a) Thattheapproachoutlinedinthereportandpresentationbeendorsed; b) ThattheLEPSMEWorkingGroupprovidesteer,directionandadviceonany researchorpilotstakenforwardasaresultofthisreport; c) ThatworkperformedbytheGreaterLondonAuthority(GLA)onsupporting innovationonthehighstreet(includingsmallretailandothertypesoflow thresholdenterprisespace)beembeddedinthelepsmeimplementationplan; and d) ThattheLEPSMEWorkingGroupwouldconsiderfurtherproposalsforonward recommendationtothelepforfunding. 10 BusinessImprovementDistricts(BIDs)Programme-Update(Item10) 10.1 SimonPitkeathley,whohadrecentlybeenelectedco-Chairattheinauguralmeetingofthe BusinessImprovementDistricts(BIDs)SteeringGroup,gaveabriefupdateastoactivityto dateincluding: planstodevelopatoolkitforprospectivebidsinlondon;and plansforusingtheallocated 230kbudgetwhichtheSMEWorkingGroupwould beresponsibleforagreeing DECISION: ThattheupdateonactivityrelatingtoBusinessImprovementDistricts(BIDs)be noted. 11 Updateonworkspaceresearch(Item11) 11.1 Memberswereadvisedthatthespecificationfortheworkspaceresearchwouldbelaunched inapproximately2weeksandwouldbesharedwiththegroup. Page 6

11 London Enterprise Panel LEP SME Working Group Monday 16 September DECISION: Thattheupdateonactivityrelatingtoworkspaceresearchbenoted. 12 CompeteForupdate(Item12) 12.1 MemberswereadvisedthatCompeteFor(aportalestablishedtohelpbusinesses,particularly smallandmediumsizedenterprisesgetaccesstocontractopportunities)hadbeenrecontractedonacommercialbasisandmemberswereencouragedtopromotethistoolas widelyaspossible DECISION: ThattheupdateonCompeteForbenoted. 13 ForthcomingEvents,MarketVisits&Exhibitions (Item13) 13.1 MembersreceivedanupdateonupcomingTrade&ExporteventsasprovidedbyUKTrade& Industry(UKTI) DECISION: ThattheTrade&ExportEventsCalendarbenoted. 14 DateofNextMeeting(Item14) 14.1 Thedateofthenextmeetingwasconfirmedas27November2013from pmat CityHall,TheQueen'sWalk,London,SE12AA. 15 AnyOtherBusinesstheChairConsidersUrgent(Item15) 15.1 Therewasnootherbusiness. 16 CloseofMeeting(Item16) 16.1 Themeetingclosedat4.15pm. ContactOfficer: ClaireSherer,SeniorBoardOfficer Page 7

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13 Agenda Item 4 Dateofmeeting: Titleofpaper: Tobepresentedby: Clearedby:(Director) Classification: 1 ExecutiveSummary SMEWorkingGroup 27November2013 UpdateonActionsArisingfromPreviousMeetings ClaireSherer,SeniorBoardOfficer MarkKleinman,AssistantDirector-EconomicandBusiness Policy Public 1.1 ThisreportupdatestheLondonEnterprisePanel ssmeworkinggrouponactions arisingfrompreviousmeetings. 2 Recommendation ThattheGroup: 2.1 Notestheupdateonactionsarisingfrompreviousmeetings. 3 Actionsarisingfromthemeetingon16September2013 AgendaItem Action Status BusinessSupport Portal(Item7a) ThatofficerscontinuetoworkwithMembers ofthesmeworkinggrouptoaddresssome concerns,particularlyaroundthedelaysin implementingtheportalandtheformat. 4 FinancialcommentsoftheExecutiveDirectorResources 4.1 Nonearisingdirectlyfromtherecommendationsoutlinedinthisreport. Appendices: None. Afullverbal updateon progresswillbe givenatitem6 below. Page 9

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15 Agenda Item 6 Dateofmeeting: Titleofpaper: Tobepresentedby: Clearedby:(Director) Classification: 1 ExecutiveSummary SMEWorkingGroup 27November2013 Jobs&GrowthPriorities:ImplementationPlanUpdate MariaDiaz,GLAEconomicBusinessPolicyUnit MarkKleinman,AssistantDirector-EconomicandBusiness Policy Public 1.1 FollowingthelaunchoftheLondonEnterprisePanel sjobs&growthplaninapril 2013,Membersareaskedtonotethisquarterlyupdateontheactionsarisingthatare relevanttothesmeworkinggroup(seeappendixa). 1.2 Inparticular,thefollowingareasarehighlightedwithinthisreport: - SMEFinanceScheme - GLAwebsiteandtheBusinessSupportPortal 1.3 Inaddition,theWorkspaceResearchandBusinessImprovementDistricts(BIDs)Grant ProgrammeareprogressingwellandfullupdatesareprovidedatItems7band8 respectively. 2 Recommendation ThattheWorkingGroupnotesthequarterlyupdateontheImplementationPlanactions relevanttothesmeworkinggroup. 3 IntroductionandBackground 3.1 FollowingthepublicationoftheJobs&GrowthPlanforLondoninApril2013,an ImplementationPlanwasdrawnuptotrackprogressinactioningthe49 recommendationsidentifiedintheplan.thisimplementationplanisdividedintothe LEP sfourpriorityareas(skills&employment,micro/smes,infrastructureanddcst) andprogressisreportedtotheleponaquarterlybasis. 3.2 Ofthe49actions,13(No.10 22)arewithintheremitoftheSMEWorkingGroupand theseareextractedandreportedtotheworkinggrouponaquarterlybasis(see AppendixA). 4 Issuesforconsideration 4.1 FurthertothefullupdateontheSMEWorkingGroup sactions(asatappendixa),this reporthighlightsthefollowingareas: Page 11

16 SMEFinanceScheme On26November2013,theLEPwillbediscussingitsapproachtousingupto 25mofthewider 40mGrowingPlacesFund(GPF)Round2bidsforanSME financefund.thisdecisionwillbeinformedby: - TheindependentresearchonSMEfinanceresearchcommissionedbythe LEP(aspertheinterimfindingsthatwerepresentedtothelastSMEWorking Groupmeeting).TheExecutiveSummaryofthefinalreportisattachedat AppendixBandthefullreportcanbefoundontheGLA swebsite(seelink below). - Theoutcomesoffurtherworkconductedonassessingtheviabilityand deliveryimplicationsofproposalsreceivedforthebiddingprocessaround thisfund - Theabilityforanyschemetosecuresignificantprivateand/orpublic leverage TheLEPisbeingaskedtoapproveinprinciple,theGLA s: - Investmentof 25mGPFforSMEFinancetowardsaddressingtheequity financegapinthemarket; - allocationofthat 25mtowardasingleequityschemeinordertomaximise focus,impact,andleverageofadditionalpublicandprivatefunding;and - shortlistingoftheleadingsmefinancebidtoworkupproposalstodeliver theaboveobjectives. SubjecttotheLEP sshortlistingdecisionatthismeeting,theseproposalswill needtobeworkedupindetailbeforeseekingapprovalviathegla sinvestment andperformanceboardandmayoraldecisionprocesses. GLAwebsiteandtheBusinessSupportPortal TherefreshoftheGLA sbusiness&economywebpageshasnowbeen completedandcanbeviewedat: ThesmallSub-GroupoftheSMEWorkingGroupwillbere-convenedshortlyto developcontentforthebusinesssupportportal. 4.2 TheGroupareaskedtoconsidertheseupdatesandfurtherverbalupdateswillbe providedduringthemeetingonwhichglaofficerswillseekfeedbackandguidance. 4.3 AseparatereportonWorkspaceResearch(Item7a)andtheBIDsGrantProgramme (Item8)willbeconsideredlaterinthisagenda. 5 Risksarising/mitigation 5.1 Therearenoriskstonote. 6 FinancialcommentsoftheExecutiveDirectorResources 6.1 Therearenofinancialimplicationsarisingfromthisupdatereport. 7 Nextsteps 7.1 TheGroup scommentswillbeincorporatedintothedesignanddeliveryofrelevant projects. Page 12

17 Appendices: AppendixA Jobs&GrowthImplementationPlan:SmallandMediumEnterprise(as extractedfromtheover-archinglepimplementationplan) AppendixB ExecutiveSummaryofSMEFinanceinLondonresearchreport BackgroundDocuments: JobsandGrowthPlanforLondon(PublishedApril2013) SMEFinanceinLondon(PublishedNovember2013) %20SME%20finance%20in%20London%20-%20final%20report%20November_1.pdf Page 13

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19 21 ambassadors and mentoring: LEP members knowledge and experience of working with LEP members have started to speak at events and we will SMEs are a great asset to these activities and develop a more coordinated approach when relevant they will become champions for this area of work. Ongoing MB/ST/MB MC/SB Autumn The business engagement campaign will continue in early campaign: the LEP will deliver a small business February with LEP engagement events. campaign MB/ST/MB MC/SB TBC. Autumn Sign posting tool: the LEP s ambition is to maximise available resources and networks and encompass a wide range of quality information and business support providers that is easily accessible and friendly to use. Proposal to create an integrated on line interface submitted to This will include an overview of the products IPB for budgetary approval, as part of the SME implmentation and services available in London via BIS, plan activities. enterprise support agencies and the private sector. Before agreeing the type of tool to be used, the LEP will analyse what shape and form is most relevant for this market and explore a range of options; Remit and timeframe being discussed between SMEWG and GLA web team. MB/ST/MB MC/SB See above SME Business Support Spring 2014 Ensure the accessibility of the website. 18 Facilitating coordination: the LEP will look to assist support organisations together so that The facilitation element will be considered within the design they can better co ordinate their service and build of the GLA website. provision to SMEs. This may initially take the form of workshops for service providers to ensure that they are aware of other initiatives and disseminating best practice between them Remit and timeframe being discussed between SMEWG and GLA web team. MB/ST/MB MC/SB 150k (estimate) Spring Consider work towards identifying the implications of change of usage in planning regulations of employment areas and what impact this has on medium enterprises that want to move premises and their growth potential. The two researches will be lead by the Regeneration/High Street team in close collaboration with the Economic Business Policy Unit. SP/JH MC/MDP Affordable Workspace The group is going to be consulted on two additional research: on moving on space and one on industrial workspace. If the LEP SME working group agrees to the research it will start beginning of of Commission research on incubators and accelerators and design a strategy for the LEP and the Mayor to work on this agenda The specification was sent out to tender in October and 10 proposals were received by a range of organisations. The short listing, scoring, interviews were done by a panel of GLA officers and a representative of London Councils. Contracting is expected to take place first week of December. Research to commence immediately after contract has been signed and to be completed by March. The oucmoes of the research will produce a map of available Incubators, accelerators and co SP/JH MC/MDP Funded through GPF Tender launched October; Research/mapping completed March 2014 Page L&P's events calendar circulated around the group. GLA to Explore the development of a network, commission website improvements to support B2B networking building on the work of the London Business on trade e.g. ability to sign up on line. Events programme from Club, to support peer to peer learning, 2014 to be commissioned in November. Export assistance to be marketing of London businesses to inward increased to coincide with Export is Great roll out in early missions and the maximisation of trade events hosted in London. Export Week will be used as a platform for promoting trade events. SMEWG SC/JH Within trade programme. Ongoing Monitor diversity of the group and look to proactively ensure the representation of women owned and BAME owned businesses 14 explore the benefits of E commerce as a starting point for some SMEs and microbusinesses as a model to initiate their export adventure to new markets; SMEWG SC/JH In house review Research completed and circulated to the LEP SME Working Group. Reported in October SME Trade & Export 13 Design and implement the Export Programme, co funded by European Regional Development Fund and Growing Places Fund. Programme launched 9th Sept. Missions to Brazil and Bio Europe conference in Austria completed. Mexico programme in development. Plans for China, India and Japan. SMEWG SC 1.42m In delivery Equality plan produced as ERDF funding requirement 12 Assessments of finance schemes in operation, particularly those Seek to learn lessons from public and private involving GLA projects, such as London Food Board work around schemes to enable SMEs to access appropriate micro loans to food SMEs. finance MC/KH Ongoing 11 Assess the need, potential, and possible mechanism for a finance scheme using public funding of up to 25 million to leverage funding to assist London SMEs with potential to grow that are having difficulties accessing capital. Paper for decision on way forward going to November LEP meeting. SMEWG MC/KH 25m Finance Use assessment of Growing Places Fund Round 2 bids and SME Finance Research to help determine what action to take. Further activity may then be required to initiate any fund. Dependent upon decisions 10 Map and identify the current provision of SME finance across London. Research published in November SMEWG MC/KH 25,000 Commission independent organisation to conduct research to provide an analysis of the SME Finance situation in London, including any funding gap. Research completed by Autumn 2013 LEP PRIORITY THEME No ACTION ACTIVITY TIMEFRAME Actions to further the general duty as set out in the Equality Act 2010 ISSUES TO NOTE Lead LEP Member Officer Owner Status (RAG) Budget LEP Jobs Growth Plan - Implementation Plan Item 6 - Appendix A

20 22 Support London Business Improvement Districts (BIDs) Page 16 Supporting the development of new BIDs and other business led Grants programme to support new BIDs partnership structures; Supporting the growth and development to be launched end November. First of existing BIDs; Improving engagement and supporting shared grants expected to be awarded by learning; Working with BIDs and other patners to develop February innovative initiatives. London BIDs Steering group has been set up and is advising the LEP SMEWG and Deputy Mayor on how to invest LEP BIDs funding and providing strategic input. The group is co chaired by Simon Pitkeathly who is also a member of the LEP SME Working group and CEO of Camden Unlimited SP MC/MDP Funding agreed. LEP Jobs Growth Plan - Implementation Plan Item 6 - Appendix A

21 Appendix B SME finance in London Final report to the Greater London Authority 1. In July 2013, SQW and the Centre for Enterprise and Economic Development Research (CEEDR) at Middlesex University were commissioned by the Greater London Authority (GLA) to undertake research on SME finance in London. The aim of the study was to review current supply and demand for different types of finance and then identify the size, scale and type of funding gaps. The study considered whether there was evidence to justify a new publicly backed finance initiative for SMEs in London. 2. The study involved: a desk based review of academic literature and the most recent data sets on supply and demand for SME finance; consultations with 28 stakeholders and financiers; and consultations with 13 individual businesses. There was a presentation of the draft findings to a meeting of the LEP SME working group on 16 th September The academic literature highlights that market failures in terms of SMEs accessing external finance have worsened since the economic downturn and although most attention has focused on the reduction in bank lending, the credit crunch has had an impact on all types of SME finance used for different stages of SME development. However, it is important to make the distinction between market failures and finance gaps. The extent to which the finance gap for SMEs, in London and across the country, is down to market failures is difficult to know and ultimately depends on how much of the unmet demand is coming from businesses with viable propositions. 4. A consistent message from study consultees was that the needs and profile of SMEs in London are different to elsewhere in the UK. It has the highest start up rates, the highest density of businesses and the highest incidence of high growth firms, across all sectors. London is seen as the main hub in the UK for startups and more high growth companies which is contributing to a substantially greater demand for external finance than elsewhere, and in particular for risk finance. Globally, London is increasingly being seen as a hot spot for innovation and start up activity which is helping to attract talent and investment particularly to areas such as Tech City. 5. The data on both debt and equity finance clearly shows the reduction in supply in London over the last two to three years. Overall, the amount of supply for both types of finance is still markedly higher in London than in other parts of the country, as would be expected with the size of the business base. When supply is assessed as a proportion of the business base, London is slightly below the UK average in terms of bank finance, but in equity finance it is 50% higher. As confirmed in the study consultations, this is due to the concentration of equity investors in the Page 17

22 Appendix B SME finance in London Final report to the Greater London Authority London area and clusters of high growth firms which are more likely to attract this type of risk finance. 6. The study feedback highlighted that it has become more difficult for London SMEs to secure bank finance owing to more stringent terms and conditions. An increased willingness from the banks to try to re establish relationships with the SME community was acknowledged, and this has been helped by Government initiatives such as Funding for Lending and the Enterprise Finance Guarantee scheme. The main alternative providers of debt finance (in addition to the banks) in London were seen as the East London Small Business Centre and the GLE Group. 7. The main sources of VC finance were highlighted as being DFJ, Octopus and MMC. For seed/ early stage VC funding in London the main players include No 1 Seed, Notion, Playfair Capital and Passion Capital (all targeting seed equity at the digitech market in London). Although the supply of equity finance has reduced over recent years, there still remains significant levels of investment driven in large part by demand from high growth companies in new and emerging sectors such as the digital and creative sectors located in Tech City. 8. An analysis of the Small Business Survey suggests that demand for external finance amongst London SMEs has increased marginally over the last two years. Around half of London SMEs seek finance for working capital but there are also more businesses in London than elsewhere looking for finance to grow and expand. The SBS data also suggest a higher likelihood of discouraged borrowers in London: this came through in the consultations with many highlighting the difficulty of startups with no track record or existing firms with cash flow problems looking for alternatives to bank finance because they did not expect to secure bank finance, or not at an affordable rate. 9. Assessing the demand for equity is challenging in the absence of detailed data based on a comprehensive survey (the SBS covers the whole SME market which overwhelmingly seeks debt finance). However, a recent Tech City survey showed that one in three businesses believed lack of investment cash is constraining their growth. This also came through in the consultations, which highlighted a resurgence in demand for risk finance both in terms of start up/seed finance and VC funding to take firms to the next level of growth. 10. The feedback from consultations also indicated some increase in demand for alternative forms of finance (both debt and equity), as offered for example by Funding Circle, Zopa and CrowdCube. But overall levels of demand are relatively low and it would appear that the vast majority of SMEs has yet to look into these alternative sources. Overall scale 11. Using feedback from the most recent 2012 Small Business Survey and data from the UKBAA and BVCA, we estimated the current and projected finance gaps in London between 2012 and This approach is illustrative and cannot be regarded as definitive particularly because of a lack of robust data on the Page 18

23 Appendix B SME finance in London Final report to the Greater London Authority demand for equity finance. It is estimated that there is currently a gap in debt finance of around 1 billion in London. The finance gap in relation to angel and VC funding is estimated to be around 343 million. Over the five year period, the aggregate SME finance gap in London is estimated to be over 7 billion (Table 1). Table 1: Estimating the finance gap up to 2016 ( m) Total Source: SQW 12. The approach described above to estimating the economic value of the finance gaps in London highlights the magnitude of the issue, particularly in terms of debt finance. However, it should be recognised that there are a range of initiatives and funds that are available (or which will soon be available) which will be meeting some of this unmet demand including Funding for Lending, the Business Bank, Business Angel Co Investment Fund and Enterprise Capital Funds. 13. It is difficult to quantify how far these initiatives will address the finance gaps in London. On the supply side, there remains a large degree of uncertainty around some initiatives such as the Business Bank. The availability of finance in the future will also be highly dependent on the performance of individual funds. It is also difficult to predict how much of the available finance will be allocated to London SMEs. Economic conditions will determine scale of demand and there is also the viability of the applications to factor in. The challenge for the GLA in developing any new Fund is to work with existing initiatives to make sure any new initiative complements and fits with other funds being developed by the public and private sectors. Main areas of finance gaps in London 14. We conclude from the research, that there are currently five main areas in which London s SMEs face gaps in finance. The first two relate mainly to debt finance and have been exacerbated by the reduction in bank finance. Alternative sources of funding are appearing but awareness remains low. These gaps are around i) small scale debt finance to enable startups to begin to operate and ii) re financing to manage debt, where the company is judged to lack track record, and probably does not have high growth potential, but is potentially viable over a reasonable time perspective, and may generate some new, otherwise unrealisable, opportunities as the economy moves on again On the equity side, most of the feedback acknowledged the existing supply of equity finance in London but reinforced the fact that demand is, and will continue to, outstrip supply. The situation is fairly fluid, as there has been a marked rise over the last two years in the rate at which new business angel/hnw individuals have entered the market, and new funds have been marketed in London with different approaches and profiles. But there is also some evidence that these new entrants may be more conservative/more interested in syndicated deals than their predecessors, while most of the latter s resources are locked into existing investments. Three Page 19

24 Appendix B SME finance in London Final report to the Greater London Authority main finance gaps were identified: angel investment for amounts of between 50k and 250k; early stage VC funding around the traditionally recognised 250k to 2m; and larger scale equity for large growth companies. 16. The consultations with stakeholders and financiers confirmed that the well established system failure in small scale equity provision continues to exist, and under present market conditions for reasons linked both to demand and supply the gap may be growing in scale and significance. The picture is complex and changing, but the consultations identified other areas, with regard to debt finance, where there are also issues related to the on going withdrawal of the banks. 17. Unanimity of views could not be expected, given the different interests involved, and while the specific role of Business Bank and the future of CfEL are still being resolved. But the great majority of those consulted on the five funding gaps saw these gaps as highly likely to persist; more tentatively, there was also a degree of consensus on where and how GLA might work towards plugging these gaps. Potential areas of activity for GLA are presented in Table 2 below. Table 2: Main finance gaps and potential role for GLA Finance gap Type of finance Likely persistence of gap Potential role for GLA Page 20

25 Finance gap Type of finance Likely persistence of gap Potential role for GLA Appendix B SME finance in London Final report to the Greater London Authority Source: SQW 18. Even at a time of churn, these potential roles for the GLA are in areas where the funding system is, we judge, highly likely to remain sub optimal from the business user perspective: intervention at the London level might be expected to have a significant beneficial economic effect. In putting forward these suggestions, which essentially seek to use public money to facilitate and plug gaps where purely private actions are producing sub optimal economic return, it is recognised that public resources are also limited and the potential benefits must be balanced against those from meeting other demands If the recommendations are taken forward, an emerging initiative in total and in terms of its constituent elements should be subjected to market testing and appraisal. The identified gaps are seen as medium long term, and any response will need to be shaped with a view to this timescale as well as taking into account the potential efficiencies from scaling, But the funding system is changing substantially, with the emergence of new players and new mechanisms such as crowdfunding, and on going review will also be important. The interest of GLA, and its potential roles, were warmly received by those involved in SME funding in London. But a new public initiative, particularly at this time, will need to continue to be seen as relevant and appropriate monitoring and evaluation systems and processes will need to be put in place. The initiative s effectiveness and fit with other schemes should be subject to independent evaluation after no more than two years of operation. Assessing the financial and economic impact of any new initiative will need to take into account the relatively long timescale required for equity schemes to generate returns Page 21

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27 Agenda Item 8 Dateofmeeting: Titleofpaper: Tobepresentedby: Clearedby:(Director) Classification: 1 ExecutiveSummary SMEWorkingGroup 27November2013 BusinessImprovementDistricts:ActivityUpdate SimonPitkeathley SMEWorkingGroupMemberandCo- ChairoftheBIDsSteeringGroup FionaFletcher-Smith,GLAExecutiveDirector-Development, Enterprise&Environment Public 1.1 AspreviouslyreportedtotheSMEWorkingGroup,theBusinessImprovementDistricts (BIDs)SteeringGroupwassetupinAugust2013tosupporttheMayor scommitmentto encouragingthedevelopmentofmorebidsacrosslondon. 1.2 ThisreportupdatestheSMEWorkingGrouponcurrentactivity,particularlyinrelation tothe 230,000madeavailabletofundagrantsprogrammetosupporttheset-upof newbidsinlondonandwhatresourcescanbedevelopedtosupportthisactivity. 2 Recommendation 2.1 ThattheSMEWorkingGroupnotestheupdateonactivityrelatingtoBusiness ImprovementDistricts(BIDs)includingtheminutesoftheSteeringGroupmeetingsheld on24september2013and21october IntroductionandBackground 3.1 TheBIDsSteeringGroupwassetupinAugust2013to: ChampionBusinessImprovementDistricts(BIDs)inLondon; SupportandadvisetheDeputyMayorforBusinessandEnterpriseandGLA officersinthedevelopmentofaworkprogrammeforlondonbids; ProposeprioritiesandactionsforsupportingthedevelopmentofnewBIDsin London;and MakerecommendationstotheDeputyMayorforBusinessandEnterpriseon issuesrelatedtothegrowthandlongtermsustainabilityoflondonbids. 4 Issuesforconsideration Thegrantscriteriaandapplicationformiscompletedandwillbelaunchedinthe nextfewdays; Applicantswillbeabletorequestupto 30,000forsettingupaBID; Page 23

28 Applicantswillneedtoconfirmavailabilityofmatch-funding;notbefurtherthan 12monthsawayfromgoingtoballotanddemonstratethatsurveyshave indicatedlikelihoodofsuccessfulballoting;and TheBIDsSteeringGroupisconsideringotherareasofworkfordevelopingover thenextfewmonths(i.e.health-checksforexistingbidsandtoolkits). 5 FinancialcommentsoftheExecutiveDirectorResources 5.1 Therearenodirectfinancialimplicationsarisingfromthisreport.Afurtherreportwillbe preparedwhichwillsetouthowsupporttothisprojectmaybearranged. 6 Nextsteps 6.1 ThenextstepsfollowingconsiderationbythePanel/Grouparesummarisedbelow: Appendices: Activity BIDsgrantsprogrammetobelaunched Agreedplanforrelevanttoolkitsandhealth-checkstobe developed AppendixA MinutesfromtheBIDsSteeringGroup(24September2013) AppendixB DraftMinutesfromtheBIDsSteeringGroup(21October2013) Timeline November2013 Firstquarterof 2014 Page 24

29 MINUTES Meeting: BusinessImprovementDistricts (BIDs)SteeringGroup Date: Tuesday24September2013 Time: 09.00am 10.30pm Place: CommitteeRoom1,CityHall,The Queen'sWalk,London,SE12AA SummaryminutesofthemeetingsoftheBusinessImprovementDistricts(BIDs)SteeringGroupare publishedonthegla swebsite( andareonlyopentothoseinvitedtoattendbythechair/co-chairofthegroup. Present: Members: MarcMyers(MM) IlfordBusinessImprovementDistrict(Co-Chair) SimonPitkeathley(SP) CamdenTownUnlimited(Co-Chair) ShanaazCarroll(SC1)-AssociationofTown&CityManagement(ATCM) ShaneClarke(SC2) TeamLondonBridge JulieGrail(JG) BritishBIDs JaneHarrison(JH) LondonCouncils ChristineLovett(CL) AngelAim GianlucaRezzo(GR) E11BID LukeStallard(LS) TransportforLondon(TfL) BenStrange(BS)-Mayor sofficeforpolicingandcrime(mopac) PeterWilliams(PW) BetterBankside GLAOfficers: AjitAtwal(AA) EconomicandBusinessPolicy PaulHarper(PH) RegenerationManager JamesSpacey(JS) SeniorProjectOfficer MariaDiaz-Palomares(MDP) PrincipalPolicyOfficer,EconomicandBusinessPolicy 1 ApologiesandChairsAnnouncements 1.1 MarcMyersandSimonPitkeathleyco-chairedthemeetingandinvitedeveryonepresentto introducethemselves. 1.2 ApologiesforabsencewerereceivedfromPennyAlexander(BakerStreetQuarter). 1.3 ThegroupwelcomedGianluccaRezzo,fromE11asthenewmemberofthegroup, representinganoutoflondonbidasrequestedbythegroupatthelastmeeting. City Hall, The Queen s Walk, London SE1 2AA Enquiries: minicom: Page 25

30 Greater London Authority Business Improvement Districts (BIDs) Steering Group Tuesday 24 September Minutesofthelastmeetingandactions 2.1 Minutesofthelastmeetingwereagreed. 2.2 AsrequestedatthelastmeetingtheTermsofReferencehavebeenamendedtoincludean over-archingstatementwhichsetoutthemayor ssupportforbusinessimprovement Districts(BIDs). 3 UpdateonLondonEnterprisePanelSMEWorkingGroup. 3.1 ThegroupweregivenabriefoverviewonthelastLondonEnterprisePanelSMEmeeting.In particularofhowtheglaregenerationteamisembeddingtheworkofregenerationand HighStreetsaspartoftheLEPSMEWorkingGroup. 4 ProgrammeforexistingBIDs Databaseofkeyretailers 4.1 MemberswereinvitedtocommentonthepossibilityofGLAsettingupadatabaseofkey retailersthatarecommontomostbidsacrosslondonandkeepthedatabaseuptodate.the databasewillthenbemadeavailabletoexistingbidsgoingforre-ballotingandthosegoing forballotingforfirsttime. 4.2 JGindicatedthatsuchdatabasealreadyexistsanditisheldbyBritishBIDsandaccessibleto alltheirmembers.currentlyalllondonbidsaremembersofbritishbids.thedatabaseis updatedregularly. 4.3 PWindicatedthatGLA,asapublicbody,shouldnotstepontheprivatesectorrolewhich couldbedamagingforbids. 4.4 Thegeneralconsensuswasthatsuchdatabasewasnotneeded.However,GLAcouldplaya roleinpublicallypromotingbidsandlobbyingsomeofkeyretailers,particularlythosethat voteagainsttheset-upofbids. Actions: SCagreedtoprovidemoreinformationontheFutureHighStreetsforum,theroleof theforumandhowthisgroupcouldengagewithsomeofthekeyretailmembers thatarepartoftheforum. ATCMandBBtoprovideGLAwithalistofkeyretailersthattheMayorcould approachtoexplainhissupportforbids. MDPtoexplorehowretailerscanbemadeawareoftheMayor ssupportforbids. 2 Page 26

31 Greater London Authority Business Improvement Districts (BIDs) Steering Group Tuesday 24 September 2013 MDPtodevelopastandardtemplatefortheMayor,DeputyMayorandseniorGLA officerswithpositivemessagesonbidsandkeyfactsthatcanbequotedatrelevant speeches/briefs. SupportforBIDsgoingforRe-balloting 4.5 ThegroupdiscussedhowitcansupportthoseLondonBIDsgoingforre-ballotingin thenext12to24months.inparticularlythosethatmayhaveproblemstosuccessfully achieveare-balloting. 4.6 JGofferedtosharewithGLAherlistofBIDsgoingforballotinginthenexttwo/three years.thelistwillhelpthegrouptoidentifyhowmanybidsaregoingforballoting andiftheywillrequireahealthcheck. 4.6 Thegroupdebatedthepossibilityofprovidinggrantfundingtosupporttherenewing ofballotsforexistingbids.therewasgeneralconsensusthatthegrantprogramme shouldalsosupportthesebids. 4.8 MDPexplainedthatGLAisbeingapproachedbyLocalAuthoritieswantingtosetup BIDsforfirsttimeandrequestingarangeofsupportlikeworkshopsorgeneral informationonbids.glaissupportingtheselocalauthoritiesandco-organising relevantevents. 4.9 Itwasalsoproposedthat,whenpossible,GLAprovidesnon-financialsupporttoLocal AuthoritiesandBIDsduringtheballotingprocess(i.e.quotesfromtheMayor,GLA officersspeakingatevents,etc). ACTION: AAtoputtogetheralisthowmanyBIDsareupforballotinginthenearfuture,so thatsupportcanthenbegivingtothem. MDPtoaskCLGiftheirloanfundwillbeavailableforBIDsgoingforre-balloting MDPtocheckiftheexistingBIDsfundingcouldbeusedtosupporthealthchecks forbidsgoingforre-balloting MDPtoexploreifthefundingcouldbeusedforsupportingBIDsgoingforreballoting. PHtocheckifthespecialassistanceteamprogrammecouldbeextendedtoexisting BIDsgoingforballoting ToolkitforBIDs:WhattoolkitsarerelevantforBIDs 3 Page 27

32 Greater London Authority Business Improvement Districts (BIDs) Steering Group Tuesday 24 September Thegroupindicateditsstrongwilltodevelopa howtosetupabid toolkitto complementtheapplicationformforgrantfunding ItwasagreedtoexplorehowmuchoftheLDA howtosetupabid couldbe recuperatedfromhistoricalinternetarchives.basedontheinformationfoundthe groupwilldecideifthetoolneedstobeupdatedandatendershouldbelaunched. Actions: JGandSCtosendtoMDPhistoricalinformationtheyhaveontheLDA howtoset upabid toolkit. MDPtobringatthenextmeetingthemostuptodateversionofthe howtosetup abid toolkit. 5 ProgrammefornewBIDs GrantprogrammefornewBIDs 5.1 JSupdatedthegroupontheprogressoftheGrantsprogrammeapplicationformand indicatedthatthecommentsandinformationfromthelastmeetinghavebeen included. 5.2 JSexplainedthatheisworkingonthescoringcriteriaandthisshouldbefinalisedby thenextmeetinginoctober. 5.3 JSindicatedhehasstartedconversationswiththelegalteamtodefinetheagreement thatwillbesignedwithsuccessfulorganisations 5.4 Thegrouprequestedthatthegrantapplicationformisfinalisedbythetimeofthe nextmeetingsoitcanbelaunchedbytheendofautumn. 6 AnyOtherBusiness 6.1 ItwasmentionedthatashowcaseeventcouldbeorganisedinCityHallendoftheyear orinjanuarywhichwouldserveadoublepurpose,tolaunchthegrantsprogramme, engagementwithrelevantstakeholders. ACTION AAtocheckavailabilityoftheLLRandtheMayortoattendalaunchevent. MOPACtoorganiseaseparatesessionistodiscusstheirdraftStrategyonbusiness crime. Dateofnextmeeting Monday,26November9.30 CityHall 4 Page 28

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35 MINUTES Meeting: BusinessImprovementDistricts (BIDs)SteeringGroup Date: Monday21October2013 Time: 11.30am 13.00pm Place: CommitteeRoom3,CityHall,The Queen'sWalk,London,SE12AA SummaryminutesofthemeetingsoftheBusinessImprovementDistricts(BIDs)SteeringGroupare publishedonthegla swebsite( andareonlyopentothoseinvitedtoattendbythechair/co-chairofthegroup. Present: Members: SimonPitkeathley(SP) CamdenTownUnlimited(Co-Chair) PennyAlexander(PA) BakerStreetQuarter ShanaazCarroll(SC)-AssociationofTown&CityManagement(ATCM) RuthDuston(RD) VictoriaBID NadiaBroccardo(NB) TeamLondonBridge JaneHarrison(JH) LondonCouncils ChristineLovett(CL) AngelAim RosMorgan(RM)-KingstonFirst LukeStallard(LS) TransportforLondon(TfL) PeterWilliams(PW) BetterBankside GLAOfficers: AjitAtwal(AA) EconomicandBusinessPolicy JamesSpacey(JS) SeniorProjectOfficer MariaDiaz-Palomares(MDP) PrincipalPolicyOfficer,EconomicandBusinessPolicy 1 ApologiesandChairsAnnouncements 1.1 SimonPitkeathleyco-chairedthemeetingandinvitedeveryonepresenttointroducethemselves. 1.2 ApologiesforabsencewerereceivedfromMarcMyers,JulieGrail,GianlucaRezzo,BenStrange, PaulHarper. 1.3 ThegroupwelcomedRossMorganfromKingstonFirstasthenewmemberofthegroup, representingthethirdoutoflondonbid. City Hall, The Queen s Walk, London SE1 2AA Enquiries: minicom: Page 31

36 Greater London Authority Business Improvement Districts (BIDs) Steering Group Tuesday 24 September Minutesofthelastmeetingandactions 2.1 Minutesofthelastmeetingwereagreed. 3. UpdatefromBBandATCMonBIDspolicy 3.1CLGhasannouncedthattheloansBIDsfundhasbeenlaunchedanditwillbeadministeredby BritishBIDs.ThegroupindicateditisimportanttolinktheCLGapplicationformandthe5steps tookittotheglagrantsprogramme. 3.2PropertylegislationBIDsconsultationisnowclosed. 3.3CrossborderBIDslegislationapproved7October2013. Actions: GLAtoaskBBifthecanshareacopyofthegrantsapplicationformandthe5toolkit step MDPtofindouttheMayor spositiononnightlevy. RMtosharewiththegroupapaperonexceptionfornightlevyforherBIDarea. 4. ProgrammeforexistingBIDs 4.1 ThegroupagreedthereshouldbebetterengagementfromtheMetropolitanpolicewiththelocal BIDs.OftentheBIDrequiresinformationfromthepolice(i.e.Statisticsoncrimeissues)whichin somecasesisdifficulttoaccess. 4.2 ThegroupalsorequestedbetterengagementwiththeFirebrigade. 4.3 ThegrouprequestedthatastatementfromtheMayoronsupportingBIDsismadeavailableforall BIDstouse.ThestatementcouldbeincludedintheGLAwebpagesoBIDscanrefertoitwhen goingforballotingorre-balloting. Actions: AtthenextmeetingBenStrangefromMOPACtopresenthowtheMetpolicecan providebettersupporttothisgroupaswellasindividualbids MDPtoidentifyrelevantofficerfromtheFirebrigadetobepartoftheLondonBIDs Steeringgroup. MDPtoagreewiththeMayor sofficeasupportingstatementforbidsthatcanbe referredtoforbusinessesandinstitutionswhenbidsgoforballoting Databaseofkeyretailers 4.4 ThegroupagreedthatBritishBIDsdatabaseofkeyretailershasbeenusedrecentlyanditisupto date. 2 Page 32