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13th January 2011
The Government has today given the green light for seven Local Authorities in the region (Durham, Newcastle, North Tyneside, South Tyneside, Sunderland and Northumberland) to establish the North Eastern Local Enterprise Partnership (LEP).
This announcement means that work can begin on establishing new approaches to economic development and wealth creation in the north of the region. The LEP ought to provide a vehicle through which the seven Local Authorities involved can collaborate in order to create a healthier business environment.
However, we are still at the very earliest stages of the development of the LEP. In order for it to work successfully there needs to significant buy-in from each of the Local Authorities, a commitment to effective cross-boundary working with the Tees Valley LEP, support for the emerging North East Economic Partnership (NEEP) and above all a geniunely business led approach. This means not only ensuring that the governance of the LEP has significant business representation, but crucially that the strategy and priorities of the LEP are those identified by the business community.
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