Local Economic Partnership

Derby, Derbyshire, Nottingham, Nottinghamshire (D2N2) Local Economic Partnership (LSP)

Background

The Coalition Government announced that the Regional Development Agencies, including the East Midlands Development Agency (emda) would be abolished in April 2012.

In order to ensure that business still receive the vital support, funding and assistance it requires, Business Secretary Vince Cable and Communities and Local Government Secretary Eric Pickles, invited areas to be put forward for the formation of Local Enterprise Partnerships (LEPs). These organisations to be chaired by business in partnership with upper tier Local Authorities and Universities.

In October 2010, Derby, Derbyshire, Nottingham, Nottinghamshire Local Economic Partnership was officially recognised by the Coalition government. This partnership is abbreviated to D2N2. It is the only Local Economic Partnership covering the High Peak directly.

Vision & objectives

D2N2’s Vision is to make the area one of the strongest and most resilient economic regions in the UK by supporting and encouraging economic growth in the D2N2 region.

D2N2 has a clear strategy to support economic growth. They have identified four high-level strategic priorities that are relevant to all business in our area but are also particularly significant to the high growth businesses that research suggests are responsible for the bulk of private sector job creation. Full details of Strategic Priorities and Areas of economic focus

Full details of their board members, strategic priorities and action is available on the D2N2 website

Growing Places Fund

D2N2’s Growing Places Fund was open for applications between 1st March and 27th March 2012. It is a £24 million pound loan fund that aims to kick start ‘stalled’ job creating developments through rapid investments in local infrastructure and tackling site constraints.

Further application rounds will be announced  when open. The timing of any further rounds will depend on the extent of funds committed in Round 1 and the pay-back schedule of any investments made. More information will be available via their newsletter once available.

Newsletter
D2N2 produce weekly e-news

Contact: Matthew Wheatley, Co-ordinator, Mobile  07817749907; Tel: 0115 9578757 E-mail: matthew.wheatley@dncc.co.uk