Luke Warm NAO Report on Local Growth

A report has been published by the National Audit Office (NAO) that looks into the funding and structures for local economic growth. The report highlighted that it is not yet possible to evaluate whether Local Enterprise Partnerships (LEPs), Enterprise Zones, City Deals, the Growing Places Fund and the Regional Growth Fund are providing value for money.

This is partly because there is no system in place to measure outcomes or  performance across the different measures introduced to promote local growth.

Furthermore, the NAO criticised the slow pace at which new local growth programmes were introduced, with the first City Deals only agreed in February 2012. As a result, Government spending on local growth and job creation dipped significantly in 2012/13, although it is expected to rise again in 2014/15.

Sc: National Audit Office

Sc: MGBA, UKBA

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