In our drive to increase local economic growth and private sector investment, we have a responsibility to be open and transparent about how public funds are spent.
To help us achieve this, the Government ensures each LEP adheres to the National Assurance Framework – this makes sure LEPs have in place robust systems and processes to effectively manage funding from central Government budgets. That framework stipulates specific rules for LEPs in four key areas:
The responsibility for ensuring that we strictly adhere to this framework lies with the ‘Section 151 Officer’ in the partner local authority. In the case of Hertfordshire Local Enterprise Partnership, this is Hertfordshire County Council which acts as our accountable body. It is their responsibility to sign off our assurance framework each year, ensure it is being implemented, and that it meets the standards of the LEP National Assurance Framework as indicated above.
Hertfordshire LEP’s Assurance Framework sets out:
A signed Register of Interests was received for all Board Members. The hard copies of these documents were dated when they were received and signed by the LEP Chief Executive and Section 151 Officer by 28th February 2018. This information has been redacted on the copies included on our website for the purposes of data protection.View our Board Members' Register of Interests
The LEP is subject to scrutiny through HCC’s Overview and Scrutiny Committee arrangements to monitor decision making and achievements of the LEP. The Scrutiny session papers can be viewed under governance documents below.
If you have any questions on our governance or decision making processes please contact us on firstname.lastname@example.org
Hertfordshire Local Enterprise Partnership (LEP) is one of 38 LEPs across the country. It was set up in 2011 to put business in the driving seat of local economic growth. It is a partnership between Hertfordshire’s 12 local authorities, businesses and the education sector. Our aim is to be a facilitator of economic growth and ensure Hertfordshire is Perfectly Placed for Business.
Business Envoys: our envoys use their expertise to highlight key issues for the county. They also act as external advocates for the LEP to Government, industry and inward investors. Board members: we have 15 LEP Board members who represent key stakeholder organisations in Hertfordshire, and are well-networked within the business community. Executive Team: our Executive Team Leads are specialists in their strategic areas, with strong relationships with key stakeholders in their relevant sectors.
Our funding comes from a variety of sources.
Local Growth Fund: our largest funding stream is the Local Growth Fund where we have secured £265m to date through a competitive bidding process. This will enable the LEP to deliver 11,000 new jobs, 16,500 new homes and unlock £460m public and private investment by 2024/25. This funding stream is awarded annually and is contingent on the LEP’s Assurance Framework meeting the standards and being in compliance with the National Assurance Framework. Find out more about the projects we have delivered to date on our Projects page.
Growing Places Fund: the LEP was awarded £16m Growing Places Fund in 2012. The revolving loan scheme has been used to unlock developments and kick-start stalled projects throughout the county. EU Structural Investment Funding (ESIF): Hertfordshire has been allocated £55m ESIF funding for investment in Hertfordshire until 2020. The LEP is responsible for setting the direction and priorities for ESIF on behalf of Government for the Hertfordshire region. Our ESIF programme helps businesses compete and grow, and enables residents to upskill and boost their employment prospects.
Core Funding: the LEP receives £500,000 core funding from Government each year to support the day-to-day running of the LEP. Half of this is match funded by Hertfordshire County Council. The Core Funding for Hertfordshire LEP has been confirmed until March 2020.
Visit our Projects page to find out more about the projects the LEP has funded including the latest project updates.
Project funding decisions for the Local Growth Fund and Growing Places Fund are made in accordance with the LEP’s Assurance Framework. Projects are externally appraised against strategic fit, value for money and deliverability and are then assessed by our Chairs’ Panel. The Chairs’ Panel may then request further information, recommend the project to the LEP Board for full approval, or deem it unsuitable for LEP funding.
LEP Board: our LEP Board holds overall responsibility over the delivery of the LEP and sets the strategic vision and priorities for economic development within the county. It is also responsible for making project funding decisions. Chairs’ Panel: this sub-group is responsible for assessing and scrutinising project applications for new projects before recommending them to the LEP Board for approval.
Programme Management Committee: this group oversees the delivery of the LEP’s key funding programmes and ensures that proper processes and procedures are in place. Programme Boards: our four Programme Boards are chaired by LEP Board members and are focused on strategy. The Programme Boards are based on our key priority areas: Skills & Employment, Strategic Infrastructure, Enterprise & Innovation, and the Hertfordshire Enviro-tech Enterprise Zone. EU Structural Investment Committee: The LEP is responsible for setting the direction and priorities for ESIF funding on behalf of Government for the Hertfordshire region.
Our Board members are recruited through a transparent recruitment process and are unremunerated. All Board members have a set term of office of 3 years. Each of our Board members abide by the LEP Code of Conduct which includes the seven principles of public life.
Each of our Board members and senior members of staff are required to complete and sign a Register of Interests. These are available to download from Governance page of our website. Board members/senior members of staff are required to declare whether they have any conflicts of interests at the start of each meeting. If a conflict arises at a meeting, the non-conflicted members will: • assess the nature of the conflict; • assess the risk or threat to decision-making; • decide whether the conflict is non-trivial and decide what steps to take to avoid or manage the conflict. The conflicted member/employee will not take part in the discussion or decision and will not be counted when determining whether the Board meeting is quorate. Any conflicts of interests will be recorded in the meeting minutes. Read our Conflicts of Interest Policy for more information. This can be found under Key Documents > Policy Documents.
LEPs report to Government. To ensure compliance, Government holds Annual Conversations with each LEP to discuss the progress made in delivering their local economic growth priorities and associated projects/programmes. These meetings are an opportunity to review the LEP’s governance and assurance processes and discuss the LEP's priorities and challenges for the year ahead. The Annual Conversation also acts as a key milestone in the process for confirming Local Growth Fund payments for the following financial year. Hertfordshire LEP's decision making and achievements are also subject to scrutiny from Hertfordshire County Council through existing Overview and Scrutiny arrangements.