How Local Strategic Partnerships can help stimulate (very) local economic change
Much of the economic debate is about the role of Local Enterprise Partnerships (LEPS). LEPs have the critical mass and potential access to resources to drive change and attract major investment to an area. So what role if any do the Local Strategic Partnerships (LSP) have? At a time of pressure on public sector finances, some local authorities are wondering what contribution the LSP makes to local wellbeing. Perhaps one answer is for LSPs to remain hyper local and focus on economic change for individuals and neighbourhoods. What follows is a brief description of how one LSP has addressed this challenge.
The Welwyn Hatfield Alliance (LSP) is located centrally in Hertfordshire, England. The Borough includes the new towns of Hatfield and Welwyn Garden City aswell as several large villages, overall the population was estimated to be 114,400 in mid 2010
The Council has had to reduce its overall budget, at a time when demand for some services has increased due to the effects of the economic recession. The focus of the Council is to provide strong community leadership. This includes helping local people to compete for local jobs and supporting local business.
Red Potato worked with partners from the Welwyn Hatfield Alliance (Local Strategic Partnership) to bring a new perspective on youth unemployment and entrepreneurship. The aim was to replace, “silo” based economic development with a business driven campaign to improve the local economy and entrepreneurship.
This is what we have done together:
- Set up a work placement scheme in which those on work placement are supported by an accredited mentoring programme
- Attracted FTSE100 CEOs to discuss with students their vision for business
- Local schools and college students have competed to raise the most money from a business idea for local charities
- Engaged local small and medium sized employers in apprenticeship schemes
- Attracted new employers to be involved in local Jobs Fairs