BUSINESS minister Mark Prisk yesterday announced the allocation of a new fund to help Local Enterprise Partnerships get started.
The £5m fund was heavily oversubscribed as 32 LEPs – including Solent LEP – applied for the cash.
Solent was one of the LEPs that were successful, and has been awarded £95,000 from the fund.
Mr Prisk met members of the Solent LEP in June when he visited Portsmouth Historic Dockyard and took a flight over the HMS Daedalus site.
Doug Morrison, Solent LEP chairman, said: ‘I am delighted that we have been successful in our bid to the LEP Start-Up Fund.
‘This start-up money will be used to establish the Solent LEP’s operational capacity so that it is robust enough to ensure we are in a strong and sustainable position to deliver for the Solent.
‘Part of the money will also be used to develop a full business plan for the LEP.
‘This will allow us to build on the initial information gained at our launch event consultation and determine where we can make the biggest impact for the Solent business community.’