No sooner than the impending demise of the UK’s regional development agencies has been announced than a barrage of criticism is being levied at the plans for their replacements – the local enterprise partnerships (LEP). UK pundits believe, and there is some justification for their concerns, that the plans for the LEPs are being rushed through. Fears are that, at worst, coalitions of the willing, who want to gain the LEP funds, will not have the wherewithal to bring any real advantage to local businesses and foreign investors.
These moves will be giving everyone involved in economic development the UK a lot to talk about for some time to come. To get the background on the UK restructuring of economic development visit this link.