27 EM3 Local Enterprise Partnership
To receive a verbal update on the EM3 Local Enterprise Partnership.
Decision:
The Committee resolved to note the update on the EM3 Local Enterprise Partnership.
Minutes:
The Group Head Place, Protection and Prosperity advised the Committee that the Local Enterprise Partnerships (LEP) would cease from 31 March 2024. A decision was still needed as to whether the assets and functions of the LEPs would sit with Surrey County Council or whether they would become a stand alone company that were employed by Surrey County Council. The Committee were advised that how the EM3 LEP would be split was still under discussion.
The Committee were advised that the LEPs still had residual money that they were looking to distribute and had asked that Local Authorities identify any projects that they could put forward for the next round of funding.
The Committee agreed that the Group Head Place, Protection and Prosperity would arrange for Surrey County Council’s Economic Development Team to give a presentation to the next meeting of the committee. Surrey County Council will be advised of the areas of concern that the committee had so that they could be included within the presentation. It was agreed that all members would be invited to attend the meeting.
The Committee resolved to note the update on the EM3 Local Enterprise Partnership.