32 local enterprise partnerships share £5m start up fund

32 local enterprise partnerships have received a share of a £5m start up fund to get up and running.

Partnerships were asked to bid for a share of the funding which will help them finance things such as training and other initial costs as they work towards establishing themselves.

18 partnerships have been offered their bid in full and 14 have been offered a reduced amount.

The start up fund is a one off pot of money for 2011-12. As part of each partnership’s bid, they had to demonstrate how they would become self-sustaining in the future.

Business Minister Mark Prisk said: "It’s important we give local enterprise partnerships as much support as we can as they set themselves up and identify what their priorities are."

“The start up fund will allow them to pay for things such as training for the board members, as well as support their work engaging with the wider business community. In some cases, the partnerships have come up with some really innovative ways of using this money."

Further information:
Department for Business, Innovation and Skills

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