How We Are Funded

How We Are Funded

The Local Enterprise Partnership's funding is managed in a variety of different ways.

The operating company receives core funding supplied by central government and the three sub-regional Local Authorities. In addition, we manage several delivery programmes, e.g. The Growth and Skills Hub, for which we receive “ring-fenced” funding from central government and other agencies. We also act as a delivery partner for specific programmes, e.g. The Pledge, where we claim reimbursement of costs incurred from the lead partner.

Finally, we manage and administers programme funds, such as Local Growth Funds, the Growing Places Fund and Enterprise Zone Retained Business Rates, which are held on our behalf by our Accountable body, Cheshire East Borough Council. These programme funds are held separate from the LEP, but we receive management fees and revenue grants associated with managing them.