The Solent Local Enterprise Partnership (LEP)Limited was formed in 2010, after the Government offered local areas the opportunity to take control of their future economic development. It is a locally-owned partnership between businesses and local authorities and plays a central role in determining local economic priorities and undertaking activities to drive economic growth and the creation of local jobs.
The Solent LEP is currently led by the business community and supported by three university partners, the further education sector, three unitary authorities, eight district councils, one county council and the voluntary and community sector. It was the first LEP in the country to have a fully-elected board of directors, who have been drawn from the area’s key business, education and local authority communities. The Solent LEP has been registered as a company, limited by guarantee and it was incorporated on 18 March 2011.
The Solent LEP Board is the lead decision-making entity within the LEP governance structure. The LEP Board provides strategic leadership, determines policy direction, and is the ultimate decision-making body of the Solent LEP. The terms of reference for the Solent LEP Board is available here.
Solent LEP has assumed a strategic role as the lead body for economic development in the Solent areas and we will be leading on the development of a new Local Industrial Strategy for the Solent in 2019. Accordingly, the Solent LEP is the key interface and lead for economic development in the Solent, and has set out its evidence-based strategy to deliver transformational economic growth within the area in its Strategic Economic Plan (SEP), published in March, 2014, Productivity and Growth Supplement, published in January 2016, and Productivity and Growth Strategy Update, published February 2017.
Our strategy sets out that raising productivity is essential to enable companies to be competitive internationally, to exploit opportunities in emerging markets and to attract foreign direct investment. It is the only sustainable way of increasing employee earnings, which in turn links to the Government’s objective of raising prosperity for all. We have been able to support local productivity and growth through the existing £182.92m Solent Growth Deal, which commenced delivery in 2015. This will unlock £600m public and private sector investment across the area, creating 6,500 new jobs and enabling 12,000 new homes to be built.
For further information on the work of the LEP please click here.