Investing in our businesses

We are investing in our businesses by providing a comprehensive business support service for our SMEs to accelerate growth of our priority sectors and we have delivered our flagship proposal – to develop a ‘business growth hub’ that will give comprehensive help and support to our local businesses.

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By investing in our businesses, we intend to:

  • Increase our GVA from £19b to £23b by 2020
  • Generate a minimum leverage of over £2.5bn of private sector investment by 2020
  • Deliver the MIRA Technology Park Enterprise Zone creating a world class Transport R&D centre for the UK
  • Develop the UK’s largest Strategic Rail Freight Interchange alongside East Midlands Airport creating over 7,000 new jobs
  • Support 15,000 SMEs to accelerate growth
  • Stimulate and support over 1,000 business start ups

LLEP Business Board Overview

The Business Board is accountable to the LLEP Executive and is responsible for

  • Overseeing the development and review of the Business Chapter of the Strategic Economic Plan (SEP) and leading the strategy and direction for business support and innovation;
  • Overseeing and co-ordinating the delivery of key projects and programmes including the Growth Deal and EU Structural Investment Funds (ESIF) programmes
  • Providing delivery assurance to the Executive of the delivery of projects and programmes;
  • Making recommendations to and advising the LLEP Executive and Board about future investment opportunities;
  • Directing and managing individual project boards and teams;
  • Managing risks and issues, escalating to the Executive where appropriate; and
  • Engaging stakeholders in the development and review of the SEP and delivery of programmes

The Business Board also oversees the LLEP Business Gateway.