GBSLEP response to Comprehensive Spending Review

Posted by lepadmin - June 26, 2013 - Heseltine Review, Newsroom - No Comments
Andy Street, GBSLEP Chair.

Andy Street, GBSLEP Chair.

Speaking following today’s Comprehensive Spending Review announcement by the Chancellor of the Exchequer – in which £10 billion was allocated to the Single Local Growth Fund over five years, alongside existing £5 billion of ERDF – Andy Street, Chair of the Greater Birmingham & Solihull Local Enterprise Partnership said:

“In the context of the sums originally envisaged through Lord Heseltine’s work, £15 billion could be viewed as a disappointing outcome.

“This said, this is only the first step and does not factor in the LEP’s ability to secure further funding, for example through the £300 billion capital investment programme the Chancellor also announced today.

“Arguably, the journey is going to deliver greater long-term benefits than a specific amount now.

“The GBSLEP welcomes the opportunity to build even greater confidence in our working relationships with Central Government to deliver growth and jobs for the Birmingham City Region.”