In the summer of 2010 the Government asked local areas to come together to create and submit a bid to become a Local Enterprise Partnership. Areas were instructed to partner together based around a functional geographic area to create a business-led Board (with at least 50% business representatives) that would both listen and respond to the needs of local businesses.
Economic research showed that the two cities of Cambridge and Peterborough drive the economy in our area, supported by a network of market towns and villages. Therefore, thirteen local authorities decided to come together to submit a bid to Government to become a Local Enterprise Partnership in September 2010 under a Project Board led by John Bridge OBE.
The LEP was given the green light by Government on 26th October 2011 – one of the first round of LEPs to be approved – showing our bid was strong. You can see a full copy of the Bid document here.
From there a Chairman from the business community and Board were recruited to provide strategic guidance on the work of the LEP, with a small supporting team, to identify the key barriers to growth for the local area and develop a strategic plan for economic growth across its area. Since then the LEP has since secured over £146 million of funding via its Growth Deal.
In 2016, the LEP’s area grew, as both South Holland District Council and South Kesteven District Council joined the LEP to bring the total number of local authorities covered by the LEP to 15.
Find out more about the work of the LEP here.