Posted on:
29th February, 2024
Oxfordshire LEP to continue to deliver economic growth and business support
Further to the government's decision to transfer the functions of Local Enterprise Partnerships to councils and local authorities, various practical models are emerging including some LEPs continuing their economic growth and business support work - as in the case of Oxfordshire LEP as below.
"Following its Cabinet meeting yesterday (27 February), we are delighted to announce that an agreement with Oxfordshire County Council has been reached, which ensures OxLEP Ltd can continue to deliver current and future operational programmes and services across Oxfordshire, through an arrangement that fully-aligns with the Government’s 2023 decision to see Local Enterprise Partnership functions transfer to upper-tier authority control.
Through reaching this agreement, we will be well-positioned to continue to deliver comprehensive business, skills, investment and trade support services to the county’s business community, as well as supporting a variety of plans that help to ensure Oxfordshire’s economic potential is delivered in a sustainable and inclusive way, benefitting businesses, communities and the environment.
We are confident our stakeholders and those businesses supported by OxLEP will see no disruption to our services.
With a track record of major delivery – which includes between October 2016 and March last year, working with over 6,200 businesses, providing around 18,000 hours of support and advice, worth over £28.75 million – we are extremely well-positioned to continue to provide advice, guidance, support and ambition, ensuring Oxfordshire businesses are resilient at this critical time."
Professor Alistair Fitt – Chair, OxLEP
Nigel Tipple – Chief Executive, OxLEP
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