Solent strategy for Euro cash

By a County Press reporter

Monday, February 24, 2014


PLANS for how millions of pounds of European funding should be spent to boost the Isle of Wight have been outlined by the Solent Local Enterprise Partnership (LEP).

It has published its Solent European Structural and Investment Funds Strategy following consultation on funding priorities with more than 192 organisations and 300 local people.

It sets out how it would spend around €46 million, it hopes to obtain through the European Social Fund and the European Regional Development Fund over the next six years.

The government is negotiating funding with the European Union and Solent LEP should learn in the summer how much cash it will be given to administrate.

Among the priorities identified in the strategy, published today (Monday) were €2,217,558 for graduate placements, €4.5 million for supporting young people, €2.7 million for supporting unemployed adults and €2.3 million for access to finance for start-up businesses and small and medium-sized enterprises.

Solent LEP Chairman Gary Jeffries said: "This strategy would not have been possible without the passion and commitment of local people and our collaborative approach to tap into it."

Solent LEPs EU Structural and Investment Fund submission is available to view below:

Solent EU SIF Strategy - FINAL2

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