Government’s overarching goal is to promote strong, sustainable and balanced growth. We need to rebalance the economy both sectorally and geographically growth, so that growth is not reliant on particular places. For local communities this means ensuring that everyone has access to opportunities that growth brings and everyone is able to fulfil their potential.
On 28 October 2010 we published the Local Growth White Paper, which sets out our new approach to sub-national growth, including more information about Local Enterprise Partnerships and the Regional Growth Fund. It focuses on three key themes:
Shifting power to local communities and businesses – those who understand their economies best should lead their development and enable all places to fulfil their potential.
Increasing confidence to invest – create the right conditions for growth through Government allowing market forces to determine where growth takes place and provide incentives which ensure that local communities benefit from development.
Focused intervention – tackling barriers to growth that the market will not address itself, supporting investment that will have a long term impact on growth and supporting areas with long term growth challenges manage their transition to what is appropriate for the local area. Government policies should work with the market, not seek to artificially create growth.
To find out more about Government’s approach to sub-national Growth, download the White Paper (PDF, 1.4 Mb) or read the BIS news article.
View the Dept for Communities and Local Government’s Map of Local Economic Partnerships and District and Unitary Authorities below:
View the full map