Decision status: Recommendations Approved
Is Key decision?: No
Martin Kelly, Director of Economic Development, Lancashire County Council provided an oral update on the Lancashire Enterprise Partnership (LEP) Growth Deal funding bid.
It was reported that the LEP confirmed it has successfully secured a significant multi-million pound investment allocation from government to drive a range of new infrastructure, skills and regeneration projects across Lancashire.
The £69.8m settlement, which is part of the government’s national Growth Deal programme, is one of the largest in the country. Such a substantial funding package reflects the confidence that the government has in the ability of the LEP to deliver effectively and that more investment in Lancashire will help to maximise its pivotal role within the Northern Powerhouse.
The LEP Directors stated how pleased they were with the settlement and thanked officers for their role in drafting the bid.
Resolved: The LEP Board noted the update regarding the Growth Deal funding investment.
Date of decision: 31/01/2017
Decided at meeting: 31/01/2017 - Lancashire Enterprise Partnership