Cumbria Local Enterprise Partnership is one of 38 LEPs in England. One of the main ways government allocates funds to an area is via the LEP.
LEPs are business-led partnerships between local authorities and the private sector, whose role is to determine local economic priorities and undertake activities to drive economic growth and the creation of jobs. Each LEP bids to government for funding for projects that meet the LEP’s strategic priorities and will accelerate economic growth in their area.
In line with the priorities of the county’s Strategic Economic Plan, drawn up and agreed with our partners, Cumbria Local Enterprise Partnership is overseeing the delivery of 17 local Growth Deal programmes, with £60.3m of government funding being invested in Cumbria up to 2021.
These programmes are now delivering many benefits for Cumbria, including new jobs, additional private sector investment and business premises, improvements to transport and infrastructure, thousands of learning opportunities, flood resilience measures and better ICT and broadband access.
We have also awarded Regional Growth Funding grants worth over £4m to many different businesses across the county.
Our pipeline of projects and significant investment packages are focused on promoting innovation and building on our effective collaboration, sector strengths and growth opportunities.
All possible projects are invited to complete a strategic outline case which will enable to the LEP Investment Panel to consider if the activity outlined aligns with our aims and objectives. Should investment opportunities arise, suitable projects from the pipeline will be invited to progress to the next stage of the application process. More information about the application process can be found here.
You can read more about our work and the projects we are funding in our latest Annual Report.
Key roles of Cumbria LEP:
- 1 Invest funding to boost Cumbria’s economic growth and infrastructure.
- 2 Focus activity on developing Cumbria’s economic and specific sector strengths.
- 3 Bid for funding and press Cumbria’s economic case to central government.
- 4 Use funding, business networks and expertise to help businesses start-up, grow and diversify.
- 5 Work with skills providers and employers to ensure businesses can recruit skilled staff.
- 6 Meet governance requirements as set out in the central assurance framework for LEPs.
The Board of Cumbria Local Enterprise Partnership, with advice from a range of sector panels and partners, provides the strategic lead in all our activities to ensure that they contribute to the growth and vibrancy of the county’s economy. All Board members sign up to a code of practice to ensure no conflict of interest in making investment decisions on behalf of the county.
The LEP network as a whole has generated billions in private sector investment and continues to invest in local infrastructure, innovation, education and skills, transport and local growth hubs.