LEPs may face radical change

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Local Enterprise Partnerships will need major re-structuring if they are to deliver Lord Heseltine’s plan to devolve power and money to boost the economy, according to Warwick Business School Professor Kevin Mole.

Lord Heseltine’s proposals for the Government to use partnerships like the Sheffield City Region LEP to plough money into the regions to boost business were contained in a report commissioned by Prime Minister David Cameron.

Dr Mole, who is associate professor of enterprise, warns that in order to follow the Heseltine plan LEPs will have to support newer industries that face high uncertainty, leaving themselves open to claims of wasting public money when, inevitably, some of those companies fail.