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The UK’s major regional cities are now being recognised as drivers of the country’s economic recovery and growth.
Taking a lead on the debate, the Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP), along with its partners, has worked with Lord Heseltine to examine how recommendations from his ‘No Stone Unturned’ report – endorsed by the Chancellor in this month’s Budget – could work in practice in the UK’s largest regional city and its surrounding area. The Greater Birmingham Project report was launched earlier this month and advocated Lord Heseltine’s idea of a ‘Single Pot’ of funding allocated from central government to local areas – giving LEPs the chance to tailor spending to local priorities.
With the Chancellor’s endorsement of the ‘Single Pot’ – a move that could signal a revolution in how Whitehall operates and interacts with local areas - the challenge is now for partners to work together to devise Greater Birmingham's bid to the fund. The size of the national fund will be announced in late June and could come into effect by April 2015.
Andy Street, Chair of the Greater Birmingham and Solihull Local Enterprise Partnership (LEP), will join us to provide an insight into The Greater Birmingham Project report and discuss how local businesses can help the LEP and its partners take up the challenge and create a compelling bid for the ‘Single Pot’ – an opportunity not to be missed.
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