Question

To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the investment each Local Enterprise Partnership has secured in each of the last five years.

Local Enterprise Partnerships are leveraging investment from a wide range of sources alongside funding from government. This includes significant private sector investment. The government’s investments in LEP areas over the last five years have included £2 billion Local Growth Fund, £730 million Growing Places Fund, £440 million Regional Growth Fund, £120 million in Enterprise Zones, and £90.7 million Coastal Communities Fund.

The government does not collect information about all investments secured by LEPs. As bottom-up, self-defined and voluntary partnerships LEPs have autonomy to manage their own resources and so drive economic growth in their local areas without burdensome reporting requirements or restrictive central controls.