The London Enterprise Panel (LEP) is the local enterprise partnership for London. Chaired by Mayor of London Boris Johnson, the LEP is the body through which the Mayoralty works with London’s boroughs, business and Transport for London to take a strategic view of the regeneration, employment and skills agenda for London.
How the LEP operates
Because of London’s unique governance arrangements, the LEP’s role is not the same as that of the local enterprise partnerships that have been established elsewhere in the country. For example, in London, the functions of the former London Development Agency (the Regional Development Agency for Greater London) have been folded into the Greater London Authority (GLA) and will not be taken on by the London Enterprise Panel. The Panel therefore has an advisory role and works within the framework set by the London Plan and other Mayoral strategies.
The London Enterprise Panel is a non-incorporated consultative and advisory body established by the Mayor under sections 30 and 34 of the Greater London Authority Act 1999. As a Mayoral appointed body with no separate independent or corporate legal status, the Panel operates through the GLA which acts as the LEP's “accountable body” when funding arrangements are entered into with the Government or European Commission.
In October 2010, the Government invited the Mayor, London boroughs and business leaders to consider the case for whether and how local enterprise partnerships could be formed in London. In response, the Mayor, with London Councils, decided that there was a strong case for a single pan-London partnership to complement existing working arrangements between London business, the Mayor and the boroughs.
On 16 December 2010, the Mayor and London Councils submitted their proposal to Government for a local enterprise partnership for London with the support of leading business organisations. The proposal was for a partnership covering all of Greater London, reflecting the city-region scale and interconnected nature of London’s economy. The proposal described how the partnership would contribute to the delivery of the Mayor’s Economic Development Strategy and be supported by strong local partnership arrangements, stretching outside London as appropriate. On 17 February 2011, the Government announced approval of the proposal and in February 2012 the Mayor of London formally established the LEP.