Funding decision signals 'waning influence' of LEPs

By Chris Mahony | 12 April 2022

The Government’s decision to slash funding for growth hubs and local enterprise partnerships (LEPs) confirms combined authorities will increasingly lead economic development, a former LEP chair has suggested.

Total funding for growth hubs has been slashed in half this financial year to £11m while core funding for individual LEPs has been slashed by a quarter – from £500,000 to £375,000.

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Local economies Whitehall Finance Chief executives Policy Economic growth Innovation Devolution Combined Authority Spending Review LEPs