The Government has allocated £120m to the London Enterprise Panel for capital investment in colleges and work-based learning institutions. This has been awarded as part of the LEP’s Growth Deal, with £55m available in 2015/16 and an indicative allocation of £65m for 2016/17.
The London Enterprise Panel (LEP) has committed £1m, matched by a further £1m from the Construction Industry Training Board (CITB), for a new programme that will address an increasing shortage of construction skills in the capital by providing training, work placements and the support to help 500 unemployed construction workers get back into work.
The London Enterprise Panel has today (7 July 2014) received a response from HM Government following its Growth Deal submission earlier this year. The deal sees £236m of Government funding being allocated to the Panel, to be used to help create thousands of new jobs in the capital.
Last year the Government announced its plans to establish a £2bn ‘Single Local Growth Fund’ (now referred to as the Local Growth Fund) in response to Lord Heseltine’s report ‘No Stone Unturned, In Pursuit of Growth’ (2012).
A bid by the London Enterprise Panel for funding of up to £12m has been shortlisted for approval as part of a £415 million cash injection to “back business, boost high streets, create jobs and help local economies thrive."
Over £110m of funding from the London Enterpise Panel's Growing Places Fund has been allocated by the Panel for projects that support delivery of its Jobs & Growth Plan for London. Below are headline details on these projects: Infrastructure:
Isabel Dedring, Co-Chair of the LEP’s Infrastructure Group and Deputy Mayor for Transport, will be hosting an event at City Hall on 14 October 2013 to investigate where London should invest in its infrastructure to support expected growth up to 2050.