The LEP is business-driven and our board includes 11 appointed representatives of the private sector, 3 nominated Cornwall Council representatives, 1 nominated representative from the Council of the Isles of Scilly and 1 Academic or Voluntary/Charity sector representative.
Cornwall and Isles of Scilly LEP is one of 38 LEPs across England set up following the Coalition Government's new approach to economic development. This new approach puts businesses in the driving seat and empowers the private sector to determine their own priorities.
The Cornwall and Isles of Scilly Local Enterprise Partnership is one of 38 LEPs in England, all set up as partnerships and led by businesses and local authorities across natural economic areas.
They have been established in response to the Government's White Paper, "Local Growth, Realising Every Place's Potential" published in October 2010. The Government has not defined LEPs in legislation but have indicated that they are to provide the vision, knowledge and strategic leadership needed to drive sustainable private sector growth and job creation in their area. It is up to each LEP to agree the form it takes informed by the activities they wish to pursue.
We were one of the first LEPs to be formally approved in Autumn 2010 following submission of the document "Empowering Enterprise".
In May 2011, we announced the appointment of our LEP Board.
In February 2012, the Board established the LEP as a not for profit company limited by guarantee. The Board have formally adopted the articles.
The members of the LEP Board are appointed via a transparent and open recruitment process and must sign up to the LEP Code of Conduct. All Board members are expected to meet an agreed standard of behaviour known as the 7 Principles of Public Life (Nolan Principles).
As well as utilising resources provided by Cornwall Council and the Council of the Isles of Scilly, we have also been successful in securing some initial start up and capacity funding from the Department for Business, Energy and Industrial Strategy (BEIS). Private sector support via staff time has also been donated to the LEP as a valuable resource contribution.
The Cornwall and Isles of Scilly LEP currently follows an Assurance Framework which guides local decision making to support accountability, transparency and value for money.