In July 2014, the government negotiated a Growth Deal with all 39 Local Enterprise Partnerships (LEPs), which awarded a significant proportion of the £12 billion Local Growth Fund to LEPs.
This document is a single assurance framework covering all government funding flowing through LEPs, to ensure they have robust value for money processes in place. It sets out what government expects LEPs to cover in their local assurance frameworks.
As part of their Growth Deal, LEPs will be expected to use this national framework to inform how they work locally, which must be set out in their own local assurance framework. LEPs will have considerable freedom to determine how to implement the practices and standards in this national framework.
This document has now been revised (November 2016) to reflect current policy and current expectations of LEPs in relation to accountability, transparency and value for money. The previous version of the framework is available.