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One East Midlands CEO to head-up to economic investment body

Summary: Rachel Quinn, Chief Executive of One East Midlands, has become the first voluntary sector chief in England to head-up an economic investment body. She will lead economic investment in the East Midlands as Deputy Chair of the committee that injects £260million of European Regional Development Funds into the East Midlands economy.

Rachel will develop strategies for distributing the funds and provide local awareness in her role on the funds Local Management Committee. She will also support the committee’s chairman, Mark Carroll, a director at the Department for Communities and Local Government.

Rachel said: 

“My appointment really places the voluntary and community sector at the heart of helping address economic and social disadvantage in the East Midlands.

 

The area has taken its fair share of economic hits over the last year and European Funding can make a real difference to tackling this economic disadvantage and supporting growth in areas that need it most.  

Right now we have total of up to £460million of potential investment that can work alongside existing local growth funds to make a big difference – I want to make sure we build the right local partnerships and skills together to ensure that it does.” 

She is committed to ensuring that the European development funding programme is better understood in the East Midlands and that it supports and helps drive local economic priorities for all communities.  

The Local Management Committee will meet for the first time under the new arrangements in November. Rachel will also lead the programme’s East Midlands’ investment sub-committee to ensure funding is going to the areas that need it most.  

European Regional Development Fund Programme

The European Regional Development Fund Programme, which runs from 2007 to 2013, is one of the funds established by the European Commission to help local areas stimulate their economic development.  

The programmes objectives for England are: 

 

Promoting innovation and knowledge transfer  

Stimulating enterprise and supporting successful business 

Ensuring sustainable development, production and consumption

 

 

Building sustainable communities 

 

The East Midlands European Regional Development Fund Programme has been allocated €268million, which when combined with match funding, provides a programme value of approximately €537million – a significant investment in economic development of the area.

 

The Programme is delivered and overseen by the Department for Communities and Local Government. 

Mark Carroll is Director of Decentralisation and the Big Society at the Department for Communities and Local Government. 

For further information visit www.communities.gov.uk/regeneration/regenerationfunding/europeanregionaldevelopment/.

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