What will this mean for my business?
Previously businesses in Northern Lincolnshire could access business support and grant funding through both Business Lincolnshire and the Humber Growth Hub. This free and impartial advice will continue uninterrupted and existing Humber advisors will continue to support businesses in Northern Lincolnshire until the funding ends in June 2023. At E-Factor Business we have a team of advisors that will work with you to identify the correct support and funding to help your business. Sign up to our newsletter to receive updates on the latest news, events, and funding advice.
What is a Local Economic Partnership?
LEP’s are business led partnerships between local authorities and local private sector businesses. They play a central role in determining local economic priorities and undertake activities to drive economic growth and job creation, improve infrastructure and raise workforce skills within the local area. LEP Boards are led by a business Chair and board members are local leaders of industry (including SME’s), educational institutions and the public sector. The Greater Lincolnshire LEP’s purpose is to drive economic growth and to be the voice of the local business community.
Greater Lincolnshire LEP champions and supports exciting projects within Northern Lincolnshire and is currently heavily involved in developing the full proposal for the Freeport and other initiatives such as developing Food Enterprise Zones, like Europarc III, that focuses on supporting growth of the existing seafood and value-added food processing cluster on the Humber.
Why the change?
Following a review, Government decided in 2018 that businesses and communities should be represented by one LEP and that overlapping needed to stop. After many discussions council leaders and MPs reached a decision that Northern Lincolnshire’s future lies within Greater Lincolnshire. The new boundaries will pave the way for further devolution to the regions as part of Government plans.
What happens to the Energy Estuary and plans to decarbonise the region?
The Humber’s plans to remain at the forefront of generating clean energy like offshore wind, whilst working to decarbonise our important industries such as steel, oil refining and chemicals is still of upmost importance. Local authorities and partners will continue to work together closely to expand the Humber’s leading offshore wind cluster and attract investment. Affected LEP’s have committed to maintain the momentum and collaboration to achieve these important steps for the UK’s economy.
Opportunities for your Business
Business Lincolnshire offers lots of opportunities for businesses in North East Lincolnshire and has an Advisor as part of the E-Factor team that can provide access to workshops, one to one advice, networking opportunities, grants and specialist consultancy.