A further £20m is to be made available for LEPs to bid for over the next two financial years as one of four key recommendations made in the Strengthened Local Enterprise Partnerships review.
The changes are intended to build on the Government’s pledge in its Industrial Strategy white paper to kickstart reform of LEPs, the public-private vehicles that replaced regional development agencies under the 2010-2015 coalition government.
Christine Gaskell, who chairs Cheshire & Warrington LEP and was a LEP panel review member, said: “LEPs welcome the conclusions and recommendations of the government’s review and the additional funding which will enable us to continue to play a pivotal role in building an ambitious programme for long-term local economic growth.
“The next step for LEPs is to work in tandem with government to deliver on all of the review’s recommendations in the coming months, many of which are already underway.
“But, as LEPs strengthen their capacity and capability in line with the recommendations of the review, it’s vital that they are underpinned by a matching commitment from the Government to equip us with the funding and the means to deliver truly local strategies that will grow the productivity of the people, firms and industries in our areas.”