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  “ To develop a vision/strategy for a ‘low carbon future’. Priorities of the Group are; Low Carbon Mobility, Retrofit of housing stock leading on Green Deal initiatives and Smart Networks. ”
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  “ Opportunities presented by genuine supply chain collaboration and exporting are a strong theme. Access to finance and skills challenges are also a priority, helping businesses to become “investment ready”. ”
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  “ To act in an advisory capacity to the LEP Board on all transport matters (strategic and otherwise) and identify the transport priorities (led by economic criteria) to support the aims and objectives of the LEP. ”
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CWLEP area win majority of RGF fund

19.10.2012

The Coventry and Warwickshire LEP has greeted news that the area has won the majority of the Regional Growth Fund for the region as a “massive boost” to the local economy.

Nine projects put forward by local firms have been successful in bidding for the funds, while the LEP – formed to create jobs and boost the economy of Coventry and Warwickshire – has been awarded £24.4 million.

That LEP funding will be used to help companies expand by buying assets through grants, and to boost infrastructure projects which will lead to job creation.

It has identified advanced engineering, low carbon vehicles, and digital technologies as key sectors for the funding.

Sir Peter Rigby, chair of the LEP, who runs the largest privately-owned IT company in Europe, said: “This is great news for the West Midlands and for Coventry and Warwickshire.

“The West Midlands has won more funding than any other region in the country while Coventry and Warwickshire has more successful projects than any other area in the West Midlands.

“I think the success of our companies underlines the strength of our industrial landscape.

“These bids are very carefully judged by the Government and all have to have the potential to stimulate expansion, create jobs and therefore add prosperity to the economy.

“The fact that we have nine successful projects spread among six of our key companies is a massive boost to the local economy.

“The LEP will be offering support to any of the companies to help them in any way we can to maximise the effects of this funding.”

The £24.4 million funding for the LEP is expected to be distributed from early next year.

John Mutton, leader of Coventry City Council and vice-chair of the LEP, said: “We now have the resources we need to really help our local area develop as a competitive, innovative, low carbon economy.

“Amongst other things the programme will give direct help to expanding businesses and provide them with employment sites in which they can flourish.

“This and the success of our local bidding companies will make a significant difference to key areas of our economy.”

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“ „
Good businesses will always find a way to develop and grow
Brian Colquhoun, Yorkshire Bank

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Through the LEP Low Carbon Task Force, we are working to ensure that everyone - dependent on individual circumstances - can access funding to help lower their energy bills and reduce CO2
Cllr Alan Cockburn, LEP Board Member

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The work we're doing with the LEP to grow the low carbon sector in Coventry and Warwickshire which could create thousands of new jobs in the next few years in areas such as building sustainable homes, refitting existing homes and designing and building low carbon vehicles
Councillor Linda Bigham, Cabinet Member for City Development

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High-skilled, high-value manufacturing and engineering should be a central part of our long-term future
David Cameron

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Coventry & Warwickshire LEP has a high profile and very good connections at Westminster and we will be ensuring that lobbying continues
David Tucker, LEP Transport Focus Group

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Engineering underpins every aspect of our lives. As the bridge between scientific discovery and commercial application, engineering feeds and clothes us and enables us to work, travel and communicate
Lord Browne, former CEO of BP