The Coventry and Warwickshire Local Enterprise Partnership has clinched a major City Deal for the region after a successful bid to Government.
A five-strong team – led by CWLEP chair Sir Peter Rigby – presented the area’s City Deal proposition, which is designed to stimulate and enable growth in the regional economy – to ministers in October and it has now been given the green light by the Government.
City Deals are designed to put cities and areas in control of the economic opportunities and challenges they face and to give them increased powers to meet local and regional needs.
The CWLEP’s proposition is centred around the Advanced Manufacturing and Engineering sector with a major emphasis on encouraging growth by making it easier for companies to realise expansion plans through simplifying routes to advice, finance and skills
It has devised a way to provide business with a single point of contact - “the Clearing House”. The CWLEP intends to use this function to connect local and central government, educational institutions and others with businesses and can achieve that through their positive and proactive relationship with central government.
The Clearing House will provide access to advisors on key matters relating to business support, access to finance, planning related matters and contacts related to employment requirements and skills.
Sir Peter Rigby said: “We devised and presented a very strong proposition which was well received and understood and we are delighted to be given the full go ahead.
“The ministers and officials are aware of how, in the last 18 months, the LEP really has made strides in helping to create growth and we believe our City Deal proposition is a very exciting way of ensuring that it continues and gains further pace and momentum.
”There is a myriad of advice and support out there, but it is a very cluttered and confusing landscape and we believe that puts many companies off or directs them wrongly. That inhibits their ability to gain the support they need and therefore hampers growth.
“The Clearing House will cut through all that and present a clear and concise service to ensure companies are directed to the relevant support, quickly and accurately. Businesses need to be able to concentrate on what they do best, and this will allow them to do that while also accessing what they need to help them grow.”