To ask Her Majesty's Government what rules govern the provision of information by Local Enterprise Partnerships on their allocations to grant and loan applicants.
Answered on
5 July 2021
The rules for provision of information by Local Enterprise Partnerships on their allocations to grant and loan applicants are set out in the National Local Growth Assurance Framework, which was published in January 2019.
This Framework provides the Department, Government, stakeholders and the public with the necessary assurances that LEPs have the policies and processes in place to ensure the robust stewardship of public funds. Specifically, it requires LEPs to publish bids and undertake a clear process of recording decisions reached and communicating these in a timely fashion to the applicant.