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.
While the LEP is not subject to the Freedom of Information Act 2000, some of its partner organisations are and the partnership seeks to ensure that Freedom of Information and Environmental Information Regulation requests are dealt with in line with relevant legislation.
The Marches LEP believes and recognises that the diversity of the Marches’ communities is a huge asset that should be valued and seen as one of the Marches’ great strengths. The Marches LEP Equality and Diversity Policy can be found in appendix 15 of the Accountability and Assurance Framework
Financial information can be found in the Annual Report, published in 2017. The 2015/16 and 2016/17 LEP accounts can be found on the link below and audited accounts will also be published when they become available.
If you would like further information on any the above please download the following documents: