Earlier this month, Business Minister Mark Prisk announced the opening of the Local Enterprise Partnership start-up fund; a £5 million fund aimed at helping LEPs get established and into a sustainable position.
The fund was allocated according to a competitive bidding process and was heavily over-subscribed.
The bid submitted by Enterprise M3 was successful and the LEP has been awarded £210,000 from the Government fund to help the partnership to get up and running.
As one of the country’s new local enterprise partnerships, Enterprise M3 works across north and mid-Hampshire and south west Surrey to tackle the barriers to economic growth in the region.
Enterprise M3 Chair, Geoff French said: “I am absolutely delighted that we have been successful in our bid to the LEP start-up fund, this money will be used to establish Enterprise M3 and ensure we are in a very strong position to deliver economic growth to north and mid-Hampshire and south west Surrey; which will make a real difference to the people who live and work in the area.
The money will be used for data collection and meetings with local businesses to help Enterprise M3 achieve its aim of economic success across the region.”