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Hertfordshire Local Enterprise Partnership lands £60m EU cash
A group set up to help boost economic growth in Hertfordshire has been awarded £60 million from the EU.
The Hertfordshire Local Enterprise Partnership (LEP) has handed the massive financial boost to help find ways to improve the economic productivity in the county.
LEPs will be responsible for designing and delivering strategies on how best to use this funding based on a number of priority areas set out by the European Commission and UK Government.
Among the areas they will research are innovation, support for small businesses, the low carbon economy, skills, employment, social inclusion, ICT, and rural issues.
John Gourd, chairman of the Local Enterprise Partnership said: "It makes sense that local experts take on the responsibility for decision making in their area. Our LEP has worked hard to identify economic development priorities for Hertfordshire and I welcome the opportunity to direct funding towards areas that really need investment."
The partnership is currently consulting on how it should spend the money.
Once complete, The European Funding Strategy will make up part of the LEP’s growth strategy for the next 20 years.
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