How will Local Enterprise Partnerships create jobs?
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For Oldham, it was the "Day of the Deputies".
On Thursday the Deputy Prime Minister, , visited an injection mould factory in the town. He was accompanied by a predecessor, the former Conservative Deputy Prime Minister, Michael Heseltine.
They were there to reassure local businesses that they have a coherent strategy to encourage the growth of the private sector.
This is crucial as the government carries out its more radical plan to reduce the size of the public sector.
There are more people employed by the state in the North West than in any region of England outside London which makes it vulnerable to these changes.
Nationally the private sector is already expanding but the government needs to accelerate the process.
That is one of the reasons why many people were disappointed when ministers scrapped the , the NWDA.
It seemed to be considered successful and popular among business leaders.
So time to swap one acronym for another and welcome Local Enterprise Partnerships, or LEPs.
Greater Manchester gets one, the so-called Liverpool City Region another, Warrington and Cheshire create a third and there's a fourth for all of Cumbria.
Very noticeable that Lancashire did not manage to get a single one off the ground despite three options being put on the table.
How much of a difference will they make?
One expert told me this is a classic example of "form before function". In other words nobody is quite sure how they will work.
In theory they will be led by business with other bodies, like councils, on the boards.
But they will not have any direct funding. Instead they will bid for cash from a variety of sources.
This is where comes in.
To ease the transition away from the regional development agencies there will be a pot of money called the Regional Growth Fund.
Lord Heseltine, who has plenty of experience with regeneration projects in the North West, will chair the Fund and decide who gets some of the £1.4Bn on offer.
No doubt this is welcome but the regional development agencies had three times as much money between them. And anyone can bid for this cash, not just LEPs.
The Fund will only run for two years and Labour believes all the cash could run out after the first wave of bids in January.
Lancashire better get a move on.