Decision details

GEGJC - LEP Core Match Funding Request from the SEDF

Decision Maker: Gloucestershire Economic Growth Joint Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This request from SEDF is for LEP core match funding of £250,000 per year for 2 years – 2021-2023.

Central Government provides core funding to all Local Enterprise Partnerships to the value of £250,000, which requires matched locality funding.

This £250,000 match funding has been provided since 2013/14 either via Gloucestershire County Council directly or more recently through the GEGJC SEDF.

The GEGJC are being asked to approve this funding request, to enable the LEP to draw down the core operational funding from the Government.

Decision:

RESOLVED to

 

Agree an allocation of £500k from the SEDF for core funding for the LEP for the period April 2021 to March 2023.

Publication date: 18/11/2020

Date of decision: 18/11/2020