£125,000 grant given to enterprise partnership
AN ORGANISATION founded to create jobs in the Bristol region has been handed £125,000 by the Government.
Ministers had been under pressure to ensure that Local Enterprise Partnerships (LEPs) were properly funded.
The committees are a combination of local business chiefs and political leaders and were set up to replace the previous model of the South West Regional Development Agency.
The West of England LEP covers Bristol, Bath and North East Somerset, South Gloucestershire and North Somerset councils.
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It has set up a £40 million fund to pay for local infrastructure projects in an attempt to "unlock" growth.
Earlier this month a group of MPs called for LEPs to be better funded, arguing that £250,000 was needed every year for them to be properly managed.
Yesterday Business Minister Michael Fallon said £125,000 would be available this year, followed by up to £250,000 a year if the LEP can provide matched funding.
He said: "It is crucial we arm Local Enterprise Partnerships with the tools and resources they need to play a prominent role in delivering growth and jobs for their communities.
"This funding will help LEPs plan for the long term and ensure they can remain locally-led instead of dependent on central government support."