The Marches LEP operates as an informal partnership of private and public sector leaders, with a streamlined structure developed in the interests of minimising bureaucracy, cost and duplication; achieving speedy decision making and delivery; and sharing expertise and resources.
Formal arrangements have been put in place to ensure fast and effective decision-making together with democratic accountability for the substantial public funds that are required to deliver the Marches Strategic Economic Plan (SEP) and Growth Programme, including European Structural and Investment Funds (ESIF) and Single Local Growth Funds.
The LEP’s Accountability and Assurance Framework sets out the key practices and standards of the Marches Local Enterprise Partnership in managing growth in the Marches, in decision-making around agreed priorities and in ensuring decisions over funding are proper and value for money is achieved.
All of the Marches LEP funding is received and managed via our local authority partners, in line with the governance arrangements set out in our Accountability and Assurance Framework. This document can be found below.
As the LEP is not a legal entity, there has been no requirement for the Marches LEP to produce its own set of accounts since it was formed in 2010. However due to the significant increase in funding received by the Marches LEP in 2015/16, with Growth Deal Funding now being processed through the LEP, it has been agreed that accounts should be prepared in order to be fully transparent about how funding is being committed and spent.
If you would like further information on the above please download the following documents: