Introduction to the Local Investment Plan Sample Clauses

Introduction to the Local Investment Plan. The purpose of the Local Investment Plan (LIP) is to set out the principles and priorities for joint investment by North Hertfordshire District Council (the Council) and the Homes and Communities Agency (HCA) to deliver the Council’s overarching vision and related strategies for housing, regeneration and economic development. The plan identifies the strategic context and summarises the evidence base that will be used to direct investment and determine the outputs and outcomes expected by the Council, HCA and wider stakeholders. The plan is not a standalone document and has been aligned with other local strategies, such as the local Sustainable Community Strategy, the Council’s emerging Local Development Framework and its adopted Housing Strategy. The LIP has been produced to cover the period 2011 – 2015, but it is a ‘living’ document that will be updated as necessary. Much of the national framework around housing and the local economy has changed significantly over the past few months and it is anticipated that the document will evolve as further details are established and new priorities emerge. The LIP draws on adopted strategic documents and as such, consultation has already been undertaken with the public and key stakeholders on matters pertinent to it.
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Introduction to the Local Investment Plan. Purpose of the Plan The Local Investment Plan (LIP) for East Herts sets out the principles and priorities for joint investment by East Hertfordshire Council (EHC) and the Homes and Communities Agency (HCA) to deliver East Herts’ overarching vision and related strategies for housing, regeneration and economic development. The plan identifies the strategic context for investment and summarises the evidence base that will be used to direct investment and determine the outputs and outcomes expected from HCA, the Council and wider stakeholders. The plan is not a standalone document and has been aligned with the Council’s existing strategies particularly the Sustainable Communities Strategy (SCS), The Housing Strategy and the Local Development Framework (LDF). . The objective of the Local Investment Planning process is to maximise effectiveness and value for money from public and private investment by focusing on agreed local strategic priorities for the district as a whole. The HCA state that a LIP should address several ‘Core Elements’ for an authority area, as follows: • Economic purpose – the economic purpose of the place and its economic trajectory • Housing demand and supply – analysis of housing demand, supply and need • Placemaking – the wider social, economic and environmental outputs prioritised for delivery • Meeting equalities duties and the needs of vulnerable and disadvantaged groups • Strategic priorities – determining the key spatial and thematic priorities for the area • Local community engagement – using local views to inform priorities The LIP has been designed to cover the period 2011 to 2015, but it is a living document, and as such will be revisited and updated as necessary. This will be especially important as the Council continue to prepare its Local Development Framework Core Strategy, which will be the main vehicle for consulting with local people, and to form a strategic vision on development in the District in future. Areas and sites which are identified through the Core Strategy will be added to the LIP once they have been indentified. Following the adoption of a LIP a Local Investment Agreement (LIA) will be agreed which will set out the HCAs proposed investment in East Herts, as well as our own and other resources, over the next three years. These resources will include not only cash investment but also land assets, skills and services. The LIP and LIAs will be reviewed at least annually in consultation with partners and with regar...
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