Local Entreprise Partnerships
In England, local enterprise partnerships (LEPs) are voluntary partnerships between local authorities and businesses set up in 2011 by the Department for Business, Innovation and Skills to help determine local economic priorities and lead economic growth and job creation within the local area.
The North East has two LEPs, both offering business support across the region:
Funded by the seven local authorities, the North East LEP is a business-led strategic vehicle committed to promoting and developing real economic growth in the North East.
What is already clear in the two years they have been in existence, is that North East LEP is very different from anything that’s gone before: their role is about influencing, rather than delivering.
They aren’t another regional development agency, but are taking a strategic lead in the regional economy and taking positive action in any way that they can to boost and sustain a fast growing economy.
TEES VALLEY COMBINED AUTHORITY
The Tees Valley Combined Authority drives economic growth and job creation in the area. It is a partnership of five authorities; Darlington, Hartlepool, Middlesbrough, Redcar & Cleveland and Stockton-on-Tees, working closely with the business community and other partners to make local decisions to support the growth of the economy.
The Mayor, Ben Houchen chairs the Combined Authority and works alongside the five Tees Valley Councils. The Combined Authority’s partnership with business is led by the Tees Valley Local Enterprise Partnership, which is part of a network of LEPs around the country, promoting the economic growth of their areas.
The Tees Valley is regarded as amongst the strongest and most ambitious public-private partnerships in the country. It is proud of its close partnership with the business community, with business leaders committed to working to generate jobs and bring new investment into the area. Their involvement ensures the Tees Valley stays at the forefront of new business development and helps to support existing businesses to achieve their full potential.
TEES VALLEY BUSINESS COMPASS
Tees Valley Business Compass is the business funding and support service for the Tees Valley (Darlington, Redcar, Cleveland, Hartlepool, Middlesbrough and Stockton). It has been put together with simplicity in mind for new, start up and existing businesses to seek ways of growing and supporting their business, with the aim of improving efficiencies, effectiveness and responsiveness of local business support. Whatever your business needs, they will help you review your options and access the right funding and support specific to you to help you grow. Get in touch with them now to arrange a meeting with one of their Growth Consultants.