The annual report of the Greater Lincolnshire LEP has been published.
The Greater Lincolnshire Local Enterprise Partnership has secured more than £307 million to support major growth initiatives across the area since it was set up in 2011.
The Greater Lincolnshire economy has grown in the past year by £200 million in real terms, with 80,000 businesses generating almost £21 billion for the local economy.
And over £176 million of foreign direct investment has been secured in Greater Lincolnshire in 2016/17, creating 447 new jobs.
These are just some of the headlines contained in the Greater Lincolnshire LEP’s latest annual report, which was published at its AGM on Thursday (20th July).
The report details the achievements to date of the Greater Lincolnshire LEP, which was one of the first to be set up in England in 2011.
LEPs are partnerships between the public and private sector which play a central role in determining local economic priorities and undertaking activities to drive economic growth and the creation of jobs.
The report also highlights the work of the Business Lincolnshire Growth Hub, the LEP’s business support arm, which has engaged with over 3,000 businesses this year, created 310 jobs and safeguarded 32 more.
“This report is only a snapshot of the work of the Greater Lincolnshire LEP but it shows very clearly the positive difference we are making to the area’s economy,” said Ursula Lidbetter MBE, Chair of the Greater Lincolnshire LEP.
“Our success is the result of the commitment and high-calibre skill set of our board, which is made up of local public sector and business leaders, and the support of a wide range of partners from the public, education and private sectors, who have committed time, expertise and funding resources to support the delivery of the LEP's ambitious growth programme.
“I look forward to reporting even more successes in the year ahead.”