New strategic relationships with Coast to Capital LEP agreed
30 January 2019
LEAP has agreed a new strategic relationship with Coast to Capital LEP in order to promote economic growth in Croydon. Croydon is fundamental to the economic success of the growth corridor from Gatwick Airport to London and this agreement prioritises actions in relation to transport, digital infrastructure and new university capacity.
The agreement confirms the new geographical boundaries of Coast to Capital which will no longer include Croydon from 1 April 2019. There will however be a two year transition period as the new strategic relationships are established and transparent governance arrangements confirmed. Programmes already in delivery through Coast to Capital’s existing Growth Deal programme will continue during the transition period and other support provided to businesses in Croydon, such as the C2C Growth Hub will transition to LEAP over this period.
The agreement can be found in full here.
Coast to Capital press release can be found here.
Angus Knowles-Cutler, Deputy Chair, LEAP said:
“We are extremely excited to be working with Coast to Capital on our new joint approach to growth in this key corridor. Croydon provides a fantastic opportunity for growth for both LEP areas and we are committed to supporting the case for social and hard infrastructure to support this growth”.
Councillor Tony Newman, leader of Croydon Council, said:
“I’m delighted the government recognises the key role Croydon is playing in helping drive the economy in the south east as part of Coast to Capital as well as continuing to work closely with our partners in London.
“We’re a borough that is continuing to grow, as well as undergoing a digital revolution that is very much alive and well, and this new relationship underlines our importance to both the Coast to Capital and London LEPs.
“I’m looking forward to working with our partners to get the best for Croydon, the south east and London as this new working relationship flourishes.”
Tim Wates, Coast to Capital Chairman said:
“This is a very exciting time for Coast to Capital following the publication of our new Strategic Economic Plan Gatwick 360. We are pleased to have agreed these new strategic relationships as we start to negotiate our Local Industrial Strategy with Government in joint collaboration with our partners in London and the South East.”
“Our new relationship with London recognises the importance of Croydon to the Gatwick to London growth corridor and ensures we can maintain an exceptionally close relationship with Croydon in order to deliver on our strategic priorities together.
“We are proud of the work of the Newhaven Enterprise Zone which will continue to drive forward transformational investment in the town. We look forward to working with partners to ensure its continued success.”