1. The document discusses the challenges faced by Local Enterprise Partnerships (LEPs) in replacing Regional Development Agencies (RDAs) and outlines concerns that LEPs may lack genuine powers, funding, and the ability to coordinate economic development at a regional level. 2. It argues that LEPs need the capacity to strategically address regional economic issues like skills, infrastructure, clusters and innovation to effectively use public money and not recentralize policy. 3. Lessons from past enterprise zones show they may have short-term impacts, so future zones need to encourage long-term business growth and related investment in skills and infrastructure.