In a significant move, the UK government has confirmed its intention to withdraw central government support (core funding) for Local Enterprise Partnerships (LEPs) starting April 2024. This strategic decision shifts the responsibility for LEP functions onto local authorities, with a particular focus on upper-tier local authorities. This transition introduces challenges for Economic Development teams within the council, necessitating the assumption of additional responsibilities and close collaboration with other local authorities to ensure the continued delivery of functions previously managed by LEPs.

Understanding the challenges:

The discontinuation of core funding for LEPs places Economic Development teams within the council at the forefront of this transition. Confronted with limited resources and an expanded scope of responsibilities, councils may encounter challenges in effectively managing the transition while sustaining the delivery of essential functions.

Maximising UKSPF Funding:

Consider exploring avenues to enhance the effectiveness of UK Shared Prosperity Fund (UKSPF) utilisation. Delving into data analysis and refining targeting strategies for eligible businesses can be instrumental in optimising budget allocation, particularly in resource-constrained environments. For instance, our recent success with a [local authority in Hertfordshire](https://blueberryms.co.uk/case-studies/case-study-council-exceeds-business-programme-delivery-targets) demonstrates the tangible impact of strategic data analysis. In this case our client exceeded their enterprise targets, improved local business community growth, and boosted sustainability in the region.

Collaboration and Data Analysis:

Recognising the pivotal role of collaboration, thoughtful coordination can contribute to an effective delivery of functions previously managed by LEPs. Utilising expertise in data analysis, as demonstrated in our case study, Economic Development teams can subtly identify and target businesses aligning with eligibility parameters, thereby facilitating informed decisions and resource allocation streamlining.

“The government’s view is that there is likely to be scope for greater join-up, efficiencies, and clarity for the private sector by these functions being discharged within mayoral combined authorities, devolution deal areas, and upper-tier local authorities, working together as appropriate. We know from our growth journey as an SME the signifcance of such support and how important it can be, but in a lot of cases businesses just don’t know it’s available to them.”

Faresh Maisuria, Managing Director @ Blueberry

 

Encouraging Efficiency and Effectiveness:

In response to the evolving landscape, exploring potential partnerships to enhance efficiency and effectiveness becomes crucial. Support in data management, parameter understanding, and targeted outreach, proves valuable in assisting Economic Development teams to seamlessly achieve their goals. The shifting environment presents opportunities for strategic collaboration to navigate these changes effectively.

How we can help:

We offer a unique and targeted approach to support Economic Development teams during this pivotal transition. Leveraging our extensive experience working with LEPs and Growth Hubs, we are well-equipped to assist councils in navigating the complexities of the transition.

Amidst this transition, we offer a nuanced approach, drawing from our extensive experience with LEPs and Growth Hubs. Understanding the intricacies and challenges, we are well-prepared to assist councils in maximising their use of the UK Shared Prosperity Fund (UKSPF) funding for a smooth and efficient transition.

As the UK government withdraws core funding for LEPs and transfers their functions to local authorities, the role of Economic Development teams becomes pivotal. We emerge as a valuable ally, offering expertise and support to maximise UKSPF funding, analyse data, and navigate the challenges associated with the transition. In the evolving landscape, strategic collaboration with us ensures that councils make the most of their resources and continue to drive economic development in their regions.

If you would like to have a no-obligation discussion about the transition, please email Blueberry’s director, Faresh Maisuria, on info@blueberryms.co.uk

“In the shifting landscape of the UK government withdrawing core funding for LEPs, our expertise lies in assisting Economic Development teams. Whether it’s delving into data analysis, refining targeting strategies, or fostering collaboration, we ensure that businesses can seize the available opportunities and navigate the challenges effectively.”

Faresh Maisuria, Managing Director @ Blueberry