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Hertfordshire Local Enterprise Partnership

Hertfordshire Local Enterprise Partnership

LEPs are partnerships between local authorities and businesses and play a central role in determining local economic priorities and undertaking activities to drive growth and the creation of local jobs.

Prior to LEPs, public sector-led Regional Development Agencies (RDAs) were responsible for regeneration, regional competitiveness, and the development of skills. LEPs now promote a business-led and more locally responsive agenda.

Since their formation in 2011, the role of LEPs has expanded with each LEP now responsible for producing a strategic economic plan for their area, identifying barriers and solutions to growth and working with local partners to improve their business environment.

LEPs are non-statutory bodies.

This means they can look and operate very differently from each other, in terms of size, capacity and governance.

All LEPs must be chaired by a business person and at least half of the members must come from the private sector.

LEPs have responsibility for bidding for central government funding and influencing local funding streams and ensuring that these deliver against the locally agreed priorities.

Funding from Europe brings further resources to LEP areas.

The European Structural and Investments Funds Growth Programme runs until 2020 and is split across a number of different funds.

Organisations from all sectors are able to bid for the funding. LEPs do not deliver projects themselves.

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