The Government has announced that Leicester and Leicestershire Local Enterprise Partnership (LLEP) has been included in the second wave of areas being invited to develop a Local Industrial Strategy (LIS).
The Business Secretary Greg Clark made the announcement on a visit to Newcastle on July 23rd that Leicester and Leicestershire, (the only East Midlands LEP to be included in the next wave) will join the North East, Tees Valley, West of England, Cheshire & Warrington and the Heart of the South West as the second wave of areas to work with the government to develop their Local Industrial Strategies (LIS). The LISs aim to put local people and businesses in the driving seat, allowing local leaders to harness the strengths of their own areas in a targeted approach.
In addition to its announcement about Local Industrial Strategies, the Government will also publish the conclusions of a review of Local Enterprise Partnerships (LEPs) and will announce up to £20 million of additional funding – a 50% increase in resource funding for LEPs.The review will also lay out the government’s expectation of LEPs to improve their gender balance and representation of those with protected characteristics, with the aim of equal representation of men and women on boards by 2023.
FSB member Arnab Dutt of DexoTechnologies is a member of the LLEP Business Board and said “This is good news for our area and is also a great result for those who have been working hard on the Local Industrial Strategy so far. The FSB have been involved with the LLEP in the development of our LIS, as well as encouraging local businesses to contribute at the LLEP roundtable events, so it’s great to see that the hard work so far is paying off.
“We have a lot of strengths in our county from three world class Universities, dynamic enterprise zones and a diverse business community, and we as the FSB look forward to continuing to work with the LLEP to maximise those for the benefit of local SMEs, who make up 99.5% of the private sector businesses in the area”
More information on the LLEPs Local Industrial Strategy can be found on their website here: https://www.llep.org.uk/strategies-and-plans/industrial-strategy/