The ‘Government’s Response to the Heseltine Review’, confirmed our commitment to negotiate a Growth Deal with every Local Enterprise Partnership (LEP). Through Growth Deals, LEPs can seek freedoms, flexibilities and influence over resources from government, and a share of the Local Growth Fund to achieve their identified growth priorities.
In return, the government expects LEPs to demonstrate that they are committed to the growth agenda, including by developing ambitious, multi-year strategic economic plans. We also expect the local authority members of LEPs to prioritise economic development and work collaboratively across the LEP area.
This guidance document sets out how the Growth Deal negotiation process will work. Over the summer we will work with LEPs to develop more detail to add to this guidance in September 2013.
Alongside this share of the Local Growth Fund, we are giving every LEP responsibility for drawing up investment plans for over £5 billion of European Structural and Investment Funds for 2014 to 2020: see the preliminary guidance and supplementary guidance.