Wednesday 5th December 2012
- Chancellor’s speech signals intent for increase in regional powers
- LEPs to finally receive the funding they need to make a difference
Mike Steventon, senior partner of KPMG in Birmingham believes the Chancellor has signalled to regional cities that powers could be coming their way. He said:
“At last we are seeing some real promises coming from the Government in relation to local empowerment.
“Many criticisms laid at the door of the Local Enterprise Partnerships have been to do with a lack of funding, but as the Chancellor announced in his speech, spending aligned to transport, housing and skills, is set to fall within their remit.
“With an invitation to bid for funds, LEPs across the region now have a real opportunity to push forward their strategies and present a strong case for why regional empowerment in key growth-related areas, is crucial.
“Given we have several LEPs operating within a single economic and employment zone, it is vital that we come together to represent a wider city region with a single voice.
“Also in today’s speech was the announcement of additional funding to support the work of UKTi. As the Chancellor rightly pointed out, our work now is about positioning us to take advantage of the global economy and all the opportunities that presents for the development and growth of the UK as a whole. The West Midlands has a significant opportunity in exporting the prestigious and innovative work that we are doing in key growth sectors such as advanced manufacturing and aerospace."
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For further information please contact:
KPMG Press office
Tel: +44 (0) 207 694 8773
Julie Marshall, All Round Communications
Tel: 07921 251106
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff. The UK firm recorded a turnover of 1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.