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Jobs Fair 2013 Thursday 12 th September WCC is bringing back its hugely successful jobs fair at the Guildhall. We had 2000 people looking for jobs or changes in career at the last one so if you are looking to recruit make sure you book yourself a FREE stand. Worcestershire Jobs Fair Thursday 12 th September 2013 The Guildhall, Worcester 10:00 17:00

Economic Outlook Presentation to Find-it-in-Worcestershire Glynn Jones Agency for the West Midlands & Oxfordshire July 2013

West Midlands Agency

West Midlands Agency

An extended global credit boom Major UK banks assets West Midlands Agency

GDP and sectoral output West Midlands Agency

May GDP growth projection (a) (a) based on market interest rate expectations and 375 billion asset purchases West Midlands Agency

May CPI inflation projection (a) (a) based on market interest rate expectations and 375 billion asset purchases West Midlands Agency

Projected probabilities of GDP and Inflation growth in 2015 Q2 West Midlands Agency

Global Outlook West Midlands Agency

GDP growth in selected countries and regions West Midlands Agency

World trade and UK export volumes West Midlands Agency

Domestic Outlook West Midlands Agency

Household consumption and real income West Midlands Agency

Housing market indicators Sources: Bank of England, Halifax, HMRC, Nationwide and Royal Institution of Chartered Surveyors (RICS). West Midlands Agency

Contributions to annual growth in business investment West Midlands Agency

Capital expenditure by companies with equity and bond market access West Midlands Agency

Investment intentions Replacement Uncertainty Credit conditions Capacity Efficiency improvements Regulation Has picked up as firms replace worn out kit and upgrade premises Has reduced in recent months, but still causing some companies to delay investment Have become slightly less of a barrier to investment Constraints remain below normal and there is little pressure on most firms to expand capacity Are expected to remain a key driver for investment Is expected to be an important factor for certain sectors over the medium term West Midlands Agency

Business optimism West Midlands Agency

Composition of the fiscal consolidation West Midlands Agency

Credit Conditions West Midlands Agency

Loans to UK businesses and households West Midlands Agency

Changes in credit availability and spreads on corporate loans (a) West Midlands Agency

Changes in quoted mortgage rates and indicative UK bank funding costs (a) Sources: Bank of England, Bloomberg and Bank calculations West Midlands Agency

Labour Market West Midlands Agency

Level of whole-economy employment compared with previous recessions (a) Sources: ONS (including the Labour Force Survey). West Midlands Agency

Private sector pay and productivity (a) West Midlands Agency

Costs and Prices West Midlands Agency

US dollar oil and commodity prices Sources: Bloomberg, S&P indices and Thomson Reuters Datastream. West Midlands Agency

Bank staff projection for near-term CPI inflation West Midlands Agency

Direct contribution of energy prices to CPI inflation West Midlands Agency

Private sector corporate profit share Sources: ONS and Bank calculations. West Midlands Agency

Summary West Midlands Agency

Averages of the other forecasters central projections (a) Source: Projections of outside forecasters as of 29 April 2013. West Midlands Agency

Monitoring risks to the Committee s key judgements Key Judgement 1: international policy initiatives facilitate a sustained,but gradual,global recovery (a) 2: the consequences of the financial crisis slowly fade, such that consumer and business spending gradually recover (b) 3: the recovery in demand is accompanied by a broadly corresponding expansion of effective supply (c) 4: a revival in productivity growth curbs domestic cost pressures, meaning that inflation gradually returns to target as external pressures fade (d) West Midlands Agency

Inflation Report - May 2013 www.bankofengland.co.uk/publications/inflationreport/index.htm

Chart 1.5 International equity prices (a) Source: Thomson Reuters Datastream. West Midlands Agency

Chart 2.11 UK current account West Midlands Agency

Savings ratios of different groups of households (a) Sources: Living Costs and Food (LCF) survey and Bank calculations. West Midlands Agency

Stylised transmission mechanism for asset purchases West Midlands Agency

Funding for Lending Scheme Net Lending Net Lending 0.25% FEE 0.5% - 1.5% 5% of existing loans + new net lending AMOUNT 5% of existing loans West Midlands Agency

Chart 1.2 Sterling exchange rates West Midlands Agency

Chart 4.4 Sterling oil and wholesale gas prices Sources: Bank of England, Bloomberg, Thomson Reuters Datastream and Bank calculations. West Midlands Agency

Selected ten-year government bond yields (a) Source: Bloomberg West Midlands Agency

The Outlook is Bright

Vision Worcestershire LEP s vision is to create the right economic environment to inspire businesses, encourage investment and to create lasting and sustainable employment in Worcestershire by 2017 and beyond

Business Plan Structure National Profile & Promotion Access to Finance Vision Employment & Skills Planning, Development & Infrastructure

Access to Finance

Right Funds for You Roy Irish Access to Finance Worcestershire LEP

Access to Finance The world seems to get more complex not easier There are more sources of finance every day SME s need to know what is available BUT they need to know if it suits their business So what s there..

What s Available - Overview BANKS The overdraft Loans Assets purchase Debtor finance invoice discounting/factoring Trade and export finance

What s Available - Overview OTHER LENDORS Local Banks Crowd Funding Other local initiatives Individuals

What s Available - Overview GRANTS Local initiatives National/European initiatives Start up R & D

What s Available - Overview EQUITY The solution for Growth Private Equity Venture Capital Angel Networks Individuals

Our Workshops Today Workshop 1 local initiatives Resource Efficient Worcestershire Enterprising Worcestershire Impetus CDFI Workshop 2 national initiatives Peer to Peer Lending Grant Schemes National Lending Schemes Tax allowances

Our Workshops Today Workshop 3 Banks & Risk Capital Current Bank products Equity Workshop 4 Supply Chain Green Bridge Supply Chain Fund AMSCI

And if You are Still Not Sure Book a one to one with a professional Visit the LEP website www.accesstofinance.wlep.co.uk

The Morning Ahead 09:10am 12:00pm

Workshop 1 09:10am 09:50am Resource, Funding & Support (Held in the Duckworth Suite)

Workshop 2 09:10am 09:50am National Lending & Tax Benefits (Held in the Business Lounge)

Workshop 3 10:00am 10:40am Bank Funding & Equity Finance (Held in the Duckworth Suite)

Workshop 4 10:00am 10:40am Green Bridge Grants & AMSCI (Held in the Business Lounge)

One-to-One s (Held in the Pitch View Suite) Please speak to a member of staff if you do not have an appointment to book a slot

One-to-one meetings can be requested with: Chris Atkinson (Resource Efficient Worcestershire) Steve Butterworth (Enterprising Worcestershire) Steve Williams (Impetus CDFI) Alison Bradley (Investment Funding) Steve Harris (Investment Funding) Chris Walklett (Business and International Tax Partner) Simon Davies (Lloyds TSB) Roy Irish (Equity Funding) David Messenger (Green Bridge Supply Chain Fund) Diane Watt and Andy Povey (AMSCI) David Ledbury (Growth Accelerator)