Issue - meetings

Cabinet received a report on the future funding requirements for the Lancashire Enterprise Partnership (LEP), specifically requesting approval for an allocation of £0.250m annually from 2018/19 onwards from the County Council's £1.000m annual contribution to the Economic Development Service, to be subject to annual performance reviews and changes in Government policy and funding approaches.

The report also set out capacity and resource proposals for the LEP, summarising how the LEP has used capacity and core funding monies provided by Government and match funding provided by the County Council since the LEP's inception.

Resolved: That

  i.  the allocation of £0.250m annually from 2018/19 onwards from the recurrent additional funding awarded to Economic Development as part of the budget amendment agreed by Full Council in July 2017 be approved, being subject to annual performance reviews and changes in Government policy and funding approaches

  ii.  the transfer of two Skills Hub officers from Preston's College to Lancashire County Council be approved as set out in the report