£5M LEP start-up fund

0
1520

The Government has unveiled a series of measures to help local enterprise partnerships (LEP) get up and running.

Along with the country’s 32 other LEPs, the Cornwall and Isles of Scilly LEP will be invited to submit bids for a share of a £5 million start-up fund, a one-off pot to finance such things as office equipment and training. Partnerships will be expected to demonstrate as part of their bid how they will become self-sustaining in the future.

LEPs will also have access to an online toolbox which provides “comprehensive information on economic development activity across Government departments, and ideas for strong partnership/Government working”.

LEPs will also be able to access information through the new Department for Business, Innovation and Skills (BIS) Local network which will be the first point of contact on any issues.

Business minister Mark Prisk said: “Today we are moving up a gear in promoting local growth. Over the last ten months, business and civic leaders have risen to the challenge and we now have 33 partnerships in place covering 92% of all businesses in England.

“The package of support opportunities I’ve announced today will help partnerships to translate their ideas and ambition into real action to help businesses in their areas and to unlock growth.”