28 May '12, 6am

Today's post is 'Why we need to put the Local back into Local Enterprise Partnerships':

Today's post is 'Why we need to put the Local back into Local Enterprise Partnerships':

There are, as Andrew Simms points out in his most recent blog , two narratives about our economic choices moving forward from here, growth or austerity. Some argue we need austerity in order to get growth, others that we can just cut straight to the growth by printing or borrowing more money. The government recently announced a “massive push for growth “, with £950m being recently allocated for the ‘Regional Growth Fund’ (out of what is expected to be £1.4bn in total), in spite of the fact that money spent so far through the RGF was recently criticised for spending as much as £200,000 to create a single job. One of the key channels for distributing and allocating RGF funds is the Local Enterprise Partnerships (LEPs). According to my big-green-book-of-localism the government kindly sent me last year, LEPs are “locally-owned partnerships between local authorities and busines...

Full article: http://transitionculture.org/2012/05/28/why-we-need-to-pu...

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