The Marches LEP (Local Enterprise Partnership) is responsible for distributing £1.58 million of support to local businesses to help them in the face of the Covid-19 crisis, working in partnership with local authorities to make grants to SMEs (Small and Medium Sized Enterprises) in the region. Of the £737,000 that has been allocated to Shropshire Council, £600,000 will be delivered to local SMEs in grants of up to £10,000 each. The Marches Growth Hub https://www.marchesgrowthhub.co.uk/about-us/, managed by Marches LEP, continues to provided business support, advice and guidance to Shropshire businesses .
As of 21 June, the Marches LEP has also supported Shropshire Council to deliver over £75.6 million in grants to 6,390 businesses in Shropshire from the Small Business Grants Fund and the Retail, Hospitality and Leisure Grants Fund. Government continues to work closely with all local authorities, with the support of local bodies such as Local Enterprise Partnerships, to help deliver the remaining grant funding quickly and efficiently.
In December 2019, following extensive consultation with local partners, Marches LEP published their Draft Local Industrial Strategy and evidence base, setting out how they will drive productivity and clean growth. The LEP is now working with local partners to help plan for economic recovery in the short term. All LEPs are subject to an annual performance review by MHCLG, which includes an assessment of their delivery performance.