Vince Cable's attempt to sell LEPs falls flat
Vince Cable's attempts to sell local enterprise partnerships as a tool to spur economic growth in the regions have fallen flat as business leaders and politicians alike raised question marks over their ability to deliver.
The Business Secretary has given the go-ahead for the creation of 24 LEPs out of a total of 62 applications submitted in a bid to attract investment and promote businesses across England, raising disquiet among MPs about holes in national coverage. The LEPs will replace Regional Development Agencies, which will cease trading by March 2012.
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