London LEP

Meeting: 
MQT on 2013-03-20
Session date: 
March 20, 2013
Reference: 
2013/1013
Question By: 
John Biggs
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

What steps are you taking to address the failure of the London LEP to spend, given the vital need to help London's economy?

Answer

Answer for London LEP

Answer for London LEP

Answered By: 
The Mayor

Jobs and growth was a key pledge of my re-election campaign last year, and the LEP are making significant progress in this area.

Just over £47 million of the £111 million GPF awarded to the LEP has been allocated; a further £44 million is currently in the pipeline awaiting approval; leaving £19.5 million unallocated. We will be launching a new bidding round in April to make these final allocations and am confident that we will receive high quality business-led proposals.