Report shows NEP attracted £14m investment

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Northamptonshire Enterprise Partnership (NEP) has attracted almost £14million of investment into the county since it was set up two years ago, a new report indicates.

The report, which was heard by members of Northamptonshire County Council this week, also says the NEP has created and safeguarded more than 1,500 jobs, and overseen the start-up of 86 new businesses.

Council member, Councillor Andre Gonzalez De Savage, said: “Increasingly it’s becoming clear that LEPs are going to be playing more and more of a role in being the main route of funding into areas from both the government and Europe, so it’s crucial that our very own LEP is supported at this key time.

“NEP is doing a sterling job and that is why I think further funding over the next three years is a sound decision. This funding will be subject to performance and an annual review to secure maximum value for the investment.”

Officers have recommended the council approve funding of the NEP over the next three years, starting in 2014-2015. A figure will be announced later this year, but is likely to be around £1.45million.