Rival business groups across Cambridge are quickly coming together to form the Cambridge Local Enterprise Partnership, the new agency that will replace the now defunct East of England Regional Development Agency.
All over the UK, Local Enterprise Partnerships or ‘LEP’s’ are being formed to replace the type of development agencies the new government has chosen to abolish due to funding cuts.
LEP’s have just another fortnight to put forward their proposals to the government, but the overall idea is that the LEP’s should be led by businesses within the local area who work closely with the local authorities and government.
Hoping to save the tax payer money in the process, the LEP’s will provide information and advice to both local businesses and central government on keys issues within Cambridge as well as the UK as a whole.
Their primary objective is to support business within the local area as well as promoting Cambridge as a viable base for new investment and international development.
The debate between key business figures within Cambridge continues as it is decided what form the LEP should take.
Keep your eyes glued to The Best of Cambridge for more information in the next few weeks.