Liam Byrne – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Liam Byrne on 2014-04-03.

To ask the Secretary of State for Business, Innovation and Skills, what the total value is of all bids received from Local Enterprise Partnerships for the Local Growth Fund to date.

Michael Fallon

All 39 Local Enterprise Partnerships submitted their Strategic Economic Plans to Government on 31st March. All proposals are currently being reviewed and assessed against the published criteria and it is too early to know the total call on the fund. However from an initial review it is clear that the Local Growth Fund is significantly over-subscribed, with bids totalling approximately three or four times the amount available.