Local Enterprise Partnerships are locally-owned partnerships between local authorities and businesses. They play a central role in determining local economic priorities and undertaking activities to drive economic growth and the creation of local jobs. For more information about LEPs see: http://www.lepnetwork.org.uk/the-lep-network.html
LEPs are also a key conduit to central government in accessing funds for economic growth and set priorities for expenditure of their European Structural and Investment Fund (ESIF) allocations.
One of 39 LEPs, the University is located in the Greater Birmingham and Solihull LEP. Geographically our LEP encompasses Birmingham and Solihull, East Staffordshire, Lichfield and Tamworth, Bromsgrove, Cannock Chase, Redditch and Wyre Forest. The LEP is one of the largest in the country, with a population of over two million people, and 840,000 jobs. For more on your local LEP see: www.centreofenterprise.com
The LEP's successful bid, jointly proposed by business leaders and local authorities, set out ambitious plans to:
- Increase economic output (GVA) in the area by £8.25 billion by 2020;
- Create 100,000 private sector jobs by 2020;
- Stimulate growth in the business stock and business profitability;
- Boost indigenous and inward investment;
- Become global leaders in key sectors, including: automotive assembly; low carbon R&D, business and professional services; financial services; clinical trials; creative and digital sectors;
- Increase the proportion of adults with appropriate qualifications to meet employment needs.
For more information about LEPs contact Paul Edwards (firstname.lastname@example.org; Ext. 43695).