Issue - meetings

Transfer of Local Enterprise Partnership Functions

Meeting: 22/11/2023 - Cabinet (Item 10)

10 Transfer of Local Enterprise Partnership Functions pdf icon PDF 156 KB

Additional documents:

Decision:

Cllr Mark Hawthorne sought Cabinet approval to transfer core functions of GFirst Local Enterprise Partnership (LEP) to the council.

 

Having considered all of the information, Cabinet noted the report and

 

 

RESOLVED to:

 

a) approves the transfer of LEP functions set out in this report to the Council

 

b) delegates authority to the Executive Director of Economy, Environment & Infrastructure to implement the integration plan, in consultation with the Leader of the Council

Minutes:

10.1    Cllr Mark Hawthorne sought Cabinet approval to transfer core functions of GFirst Local Enterprise Partnership (LEP) to the council with effect of 1st April 2024..

 

10.2    In August 2023, the Government confirmed that core funding for LEPs would end at the beginning of the 2024/25 financial year and that functions would transfer to the county council. The Leader thanked officers and the Chair of the LEP for the conversations that had been carried out in preparation for this.

 

10.3    Gloucestershire’s Local Enterprise Partnership had built a strong reputation locally with the business community and nationally as a LEP that had delivered.  The county council had acted as accountable body for the LEP since inception and had been represented on the board of the LEP.

 

10.4    Leadership Gloucestershire had started looking at the detail including the work to establish the City Region Board.

 

10.5    The cost of the transfer of LEP functions outlined in appendix 2 would be underwritten by a combination of current LEP reserves and central government funding.  The LEP Board had agreed that any gap for the next two financial years would be met through use of the Gloucestershire Infrastructure Investment Fund.

 

 

Having considered all of the information, Cabinet noted the report and

 

 

RESOLVED to:

 

a) approves the transfer of LEP functions set out in this report to the Council

 

b) delegates authority to the Executive Director of Economy, Environment & Infrastructure to implement the integration plan, in consultation with the Leader of the Council