FSB Report on SMEs and the LEP (1)

Meeting: 
MQT on 2014-10-22
Session date: 
October 22, 2014
Reference: 
2014/4002
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Do you agree with regional chair of the FSB who said that the LEP needs to be "more accountable" and if so how will you deliver this?

Answer

Answer for FSB Report on SMEs and the LEP (1)

Answer for FSB Report on SMEs and the LEP (1)

Answered By: 
The Mayor

The GLA has commissioned a governance review of the London Enterprise Panel (LEP) which will report its findings in December 2014. The review is considering the effectiveness of the relationship between the LEP, London’s boroughs, businesses and the GLA.

 

Current accountability arrangements include:

 

  • All spend recommendations made by the LEP being brought through the GLA’s decision-making process with final decisions published on the GLA website (the GLA is the accountable body for the LEP and therefore all funding decisions are made by the GLA in line with its Financial Regulations);
  • Publication of meeting papers and minutes (other than where information may be exempt under the Freedom of Information Act)
  • Regular stakeholder events held in each of London’s five sub-regions; and

Accountability to key stakeholders through the inclusion of a wide range of Members on the LEP itself, including three borough leaders as Members of the LEP (and three additional observers from London Councils), a range of leading business figures including the Chairman of the London Policy Unit at the Federation of Small Businesses (FSB), and senior representatives from the Mayor’s Office, the London Legacy Development Corporation and Transport for London. Through the LEP’s working groups, two of which include representation from the FSB, an additional 36 stakeholders from a range of sectors and bodies, are represented as co-opted Members.