William Eichler 03 February 2017

Whitehall announces multi-million pound investment to promote local growth

The communities secretary yesterday announced a multi-million pound cash boost to create jobs and local growth across London, the South East and the East of England.

Sajid Javid said £492m would be made available for eight local enterprise partnerships across London and the South East, and a further £150m for the East of England.

He claimed this would help create 237,000 jobs and 119,000 homes, and attract over £4.7bn of investment.

‘As part of efforts to deliver an economy that works for everyone, the Government is equipping local people with the resources they need to boost growth in their area,’ Mr Javid said.

‘This new money will give businesses across the region the support and opportunities they need to achieve their potential.’

The money is the most recent instalment from a £1.8bn dedicated Local Growth Fund.

The Local Government Association has warned local enterprise partnerships (LEPs) should be more transparent in the wake of the latest growth fund allocations.

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