The purpose of the Finance and Audit Committee is to assist the LEP Board in ensuring that the company maintains satisfactory systems of financial and operational control, and that any published financial reports comply with statutory requirements.

Lincolnshire County Council act as Accountable Body for the LEP and no financial transactions are made by the LEP directly.

The Accountable Body provides regular reports to the LEP's Finance and Audit Committee and to the LEP Director's Board.

An external auditor is procured annually.

For the purposes of transparency, LEP funding and financial information is made publicly available on this Website.

The Greater Lincolnshire LEP has adapted to new ways of working in response to the Covid-19 pandemic. More board meetings and discussions are now being carried out remotely, reducing the need for board members and staff to travel around the county.