Local Growth Minister Mark Prisk announced on Monday that Local Enterprise Partnerships will receive modest core funding for the rest of this financial year, with a further £500K per LEP over the following two years.
There is also the potential for further competitive funds to be made available in the new financial year.
The story is here on the Communities & Local Government website.
While LEPs are supposed to be voluntary local business/civic partnerships, they have all been struggling to work with virtually nothing, so this marks an interesting reversal of current trends in that the government seems to be acknowledging that simply in order to function LEPs do need some resources.
Thanks to my old friend Chris Newis at footprint associates who has a nose for these kinds of stories….