Monday, 25 February 2013

LEP Background / FAQs

I'm often asked questions about LEP finances and other general back ground info. Here are some of the more frequently asked questions:

A good summary can be found in this Commons Library Standard Note http://www.parliament.uk/briefing-papers/SN05651

Capacity Fund

Round one capacity fund information was never made publicly available by government in a press release but through local LEP press releases I collated this information:
for the second round of Capacity Fund LEPs received £25,600 over three years.

Core Funding

Here is a link to a government press release on core funding for LEPs: http://news.bis.gov.uk/Press-Releases/Local-Enterprise-Partnerships-receive-boost-6802e.aspx

LEP Start Up Funding

Here is a link to a government guidance note about LEP start up funding https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32073/11-907-local-enterprise-partnership-start-up-guidance.pdf government didn't release exactly who got what start up funding but from reading press releases I was able to find out some information and put it in this blog http://lornagibbons.blogspot.co.uk/2011/07/lep-start-up-fund.html

Growing places Fund

Initial allocations can be found here:

in this article the additional allocations and totals are available:
government increased the original allocation.

Regional Growth Fund

RGF is nationally allocated via a competitive bidding process.  Some LEPs put in successful bids and may therefore have some funding to allocate locally depending upon the exact nature of their RGF bid.

Here is link to a report on LEP Chair's perspective of LEPs: http://lepnetwork.org.uk/leps-a-chairs-perspective.html

Heseltine confirmed LEPs as the 'only game in town'.  We now await governments response.

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