Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 12 February 2021 to Question 149245 on Local Growth Deals, on what basis the Government has calculated that £15 billion of public and private sector investment has been leveraged through Local Growth Fund investment.

Local Enterprise Partnerships provide self-reported Local Growth Fund monitoring returns on a quarterly basis. Each monitoring return is verified and approved by their Accountable Body’s Section 151 Officer or equivalent, prior to submission to the Ministry of Housing, Communities and Local Government. These returns include self-reported details of private and public sector investment that has been leveraged because of the Local Growth Fund investment.