Local Enterprise Partnerships get funding boost

The 39 LEPs across England will receive up to £125,000 for the remainder of the financial year, followed by £250,000 in each of 2013-14 and 2014-15, subject to match funding from local authorities.

The Government made £5 million of core funding available to Local Enterprise Partnerships last year to help them start up and establish themselves through financial support for things such as board support, development of priorities and business engagement. This was followed by a further £4million to build capacity over a four year period.

Business and Enterprise Minister Michael Fallon, said: "It is crucial we arm Local Enterprise Partnerships with the tools and resources they need to play a prominent role in delivering growth and jobs for their communities. This funding will help Local Enterprise Partnerships plan for the long term and ensure they can remain locally-led instead of dependent on central government support.

"We need to ensure Local Enterprise Partnerships remain voluntary business and civic partnerships so they are in the best possible position to deliver sustainable growth and job creation in their areas. Already we are seeing Local Enterprise Partnerships across England delivering innovative schemes in their communities. This financial support will help the partnerships to continue this work."

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