Government has confirmed that Coast to Capital will continue to deliver key services and programmes but with a reduction in funding, the LEP is also taking steps to develop new commercial sources of income that will ensure continued services for the region.
Chair of Coast to Capital, Julie Kapsalis, said: “We are committed to delivering our vision of building back smarter, stronger and greener – working with our partners to make a difference to people and places, and ensuring that our region is a fantastic place to live, grow and succeed.
“I am continually inspired by our region – its diversity, its vibrance and its innovative nature. Through business support, careers education, investment, and economic development we will be able to build on the region’s economic strength and growth.”
The LEP will continue to work with partners to deliver:
- Strategic regional economic planning – aligning with priorities set out in the Levelling Up White Paper
- Business support services through the Growth Hub and support to schools and colleges around careers education through the LEP’s Careers Hub
- Monitoring and reporting to Government on Local Growth Investment Funds and Getting Building Fund grant award projects
- Support to local partners by embedding a business voice into local economic strategy and support with bids to the UK Shared Prosperity Fund and future rounds of Levelling Up funding
In addition, Coast to Capital will also seek out new revenue streams across the region and country to build a sustainable not-for-profit business that can provide direct support to partners to make a difference in their area. This will include ‘pro bono’ work to develop bids to leverage external funding into the region.
To read the business plan in full, please click here or visit the Coast to Capital website.