D.53 The Local Growth White Paper, published by the Department for Business Innovation and Skills (BIS) on the 28th October 2010, set out a new approach to local growth. There were three key themes to the paper:
-
Shifting power to local communities and businesses
-
Promoting efficient markets
-
Supporting investments to tackle barriers to growth
D.54 Local Enterprise Partnerships were one of the key proposals set out in the paper. LEPs will act as joint local authority-business bodies working to promote local economic development and growth.
D.55 Through the white paper, BIS invited Local authorities and business leaders to come together to form LEPs. In all, 24 such bodies were initially approved across England, although the number of LEPs has since grown to 31. Although a timetable is not currently available, LEPs have been encouraged to submit their proposals when they are ready to do so. At the time of writing, LEP coverage is at 80% of the UK.
D.56 In the South West, two LEPs have so far been agreed. LEPs have been set up in the West of England, and in Cornwall and the Isles of Scilly.
D.57 The government envisages that LEPs will exist under business and civic leadership and are intended to promote a vibrant environment in which the private sector, including social enterprises, might thrive and generate new employment and increased prosperity.
D.58 A question remains over the relationship between LEPs and LSPs. Although Local Area Agreements are being abolished, and there is no mention of LSPs in the Local Growth white paper, the coalition government has proposed no major change to their status and role and continues to encourage joint working at local level.