Published: 5th Jul 2019

A cross-party group of MPs has criticised the government for having ‘no understanding’ of how effective the £12bn of taxpayers’ money given to local enterprise partnerships (LEPs) has been. In a new report, the influential public accounts committee warns LEP’s have been ‘dogged by a lack of local accountability’ and ‘there is little evidence that they have levered in the promised private sector funds’. It also criticises the Ministry of Housing, Communities and Local Government ‘no real understanding’ of the impact which the Local Growth Fund has had on local economic growth. The government has so far been allocated £9.1 billion through Growth Deals to the 38 LEPs in England to drive economic growth in their local areas, with another £3 billion allocated via other means. But despite receiving quarterly performance data from LEPs, the report says the Whitehall department has not used this to build up an understanding of … (To read the full article, subscribe below)