Greater Manchester Local Enterprise Partnership works to promote growth and reform public services. The LEP works on a range of projects to realise its ambitions and some recent highlights have included:
2019 Greater Manchester Growth Fund Summary
2019 has been a prosperous year for the Greater Manchester Local Enterprise Partnership in terms of investment and improvements for the city region.
Working with GMCA, the GM LEP secured £494.5m of Growth Deal investment between 2015 and 2021, to help to create 6,250 jobs.
£140 million was allocated for Skills and Economy and £354 million for Transport (TfGM) projects.
The LEP Growth Deal Programme supports a range of initiatives to boost the local economy and strengthen public services.
In total, 23 projects have been taken forward under the programme, and grants have been secured for 13 projects that will help to create world class learning facilities in further education.
There are also 35 transport improvement projects that have begun with the objective of supporting sustainable economic development and growth. These projects will contribute to a better integrated transport network across Greater Manchester
Science and Innovation Audit
GMLEP led the Science and Innovation Audit which identified our area’s core strengths in health innovation and advanced materials, along with our fast growth opportunities which focused on the future potential of digital, energy, and industrial biotechnology.
Greater Manchester Local Enterprise Partnership helped establish the region’s two Enterprise Zones: one at Airport City and another life sciences zone at Corridor Manchester. Enterprise Zones offer business rates discounts, simplified local planning laws, tax relief and support.
GM Investment Fund
GMLEP helps oversee the Greater Manchester Investment Fund, which encourages business growth and job creation in the region. The fund offers loans of between £500,000 to £5m to businesses that have difficulty accessing traditional forms of finance.
Manufacturing Champions Network
The Manufacturing Champions Network is led by some of the best manufacturers in Greater Manchester who are supporting the growth and development of ambitious executives in small and medium sized businesses by showcasing best practice and sharing leadership challenges.
Alliance Textiles Project
Greater Manchester was built on the textiles industry. GMLEP supported the redevelopment of the sector via a programme that focuses on creating and safeguarding jobs, supporting capital projects, skills training and research and development.
Greater Manchester Local Enterprise Partnership encourages businesses to increase their profitability by reducing their environmental impact and taking advantage of the growing market for low carbon and environmental goods and services.
The GM LEP fully supports the work of the GM Low Carbon Hub and has endorsed the GM Climate Change and Low Emissions Implementation Plan as part of the City’s aspiration to develop a green city region and deliver the Green City Region portfolio of the Greater Manchester Strategy.
Greater Manchester Local Enterprise Partnership led a partnership of organisations across Greater Manchester to secure the City Verve project. The £10m project will help embed smart technology and the Internet of Things in the Corridor Manchester. Its plans include talkative bus stops, which let bus operators know when commuters are waiting; and a network of sensors in parks and along commuter routes to encourage people to do more physical activity.
Working Well is a project that helps benefit claimants find employment by providing them integrated and intensive support.
Each person taking part in the scheme receives an individually-tailored package of support ensuring that the issues which are holding them back from work are tackled at the right time in the right order by the right people. This approach supports wide group of people including Job Seekers Allowance Claimants, lone parents on income support and people in low-paid work receiving Universal Credit.
The working well scheme is currently helping 15,000 people across Greater Manchester. Currently, around 227,000 people across Greater Manchester claim out of work benefits. The cost to the taxpayer of worklessness and low-paid work has now reached over £2bn.
Northern Powerhouse Investment Fund
GMLEP works with the British Business Bank to deliver the £400 million Northern Powerhouse Investment Fund (NPIF) to assist the region’s one million businesses with their growth plans.
NPIF’s funding will support new and growing SMEs, create jobs and encourage and attract additional private sector investment by providing finance and support for small and medium businesses.
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