Ministers announced over £24m of Government funding would be made available to support LEPs in driving forward their growth strategies, allow longer term resource planning and strengthen support for LEP boards. Within this, each LEP will be offered jointly by BIS and CLG up to £250k per annum of matched core funding until 2014/15, subject to satisfactory proposals being received. They will offer a one off initial payment of £125k for the remainder of this financial year to provide immediate support. Funding in the two subsequent years will be dependent on matched funding from local partners and LEPs sharing draft priorities with BIS and CLG by Christmas 2012.
CLG has written to the County Council asking if it will be the accountable body for the funding.
Decision type: Key
Decision status: For Determination
Notice of proposed decision first published: 18/10/2012
Decision due: 8 Nov 2012 by Cabinet
Lead member: Cabinet Member for Economic Development and Property
Lead director: Executive Director - Economy and Infrastructure
Contact: Jim Savege, Corporate Director - Environment and Community Services The Courts, Carlisle, Cunbria CA3 8NA Email: firstname.lastname@example.org Tel: 01228 226340.
Cabinet Member for Economy & Highways
Consultation undertaken the Portfolio Holder for Economy and Highways
Relevant Scrutiny Committee / Advisory Board: Economy & Environment Scrutiny Advisory Board