About the Alliance for Enterprise programme
The Alliance for Enterprise is funded through Central Government by a funding stream called the Local Enterprise Growth Initiative (LEGI)
Alliance for Enterprise is currently a five year programme worth £6.7 million, designed to encourage and support the growth and development of new and existing enterprises and improve the economy in the deprived areas of Mansfield, Ashfield and Bolsover. The Programme is based on two key concepts
- The delivery of neighbourhood level outreach support to potential and all ready established businesses to connect local people to new employment
- The creation of longer term benefit through developing a new culture of local enterprise This is delivered through three main areas of activity;
- Promoting an entrepreneurial ethos, this is focused on ensuring that young people are given the awareness and skills they need in order to consider starting their own business.
- Provide access to employment for local people, this will assist people who happen to live in the deprived areas of the three districts to gain access to the employment opportunities created by home grown enterprises.
- Enhancing the performance of local businesses, this is focused on neighbourhood based outreach business support and is aimed at reducing the currently high failure rate of local businesses. This will help to overcome the difficulties of small businesses engaging with business support providers.
For more information on the delivery of these projects please see the workstreams section
About the Local Enterprise Growth Initiative LEGI (national level)
The national aim of the Local Enterprise Growth Initiative is to "realise the productivity and economic potential of our most deprived local areas and their inhabitants through enterprise and investment thereby boosting local incomes and employment opportunities".
The aim is supported by three national level outcomes-
- To increase total entrepreneurial activity among the population in deprived local areas
- To support the sustainable growth and reduce the failure rate of locally owned businesses
- To attract appropriate investment and franchising into deprived areas making use of local labour resources.
How much is LEGI worth? The entire programme was worth £50 million in 2006-07, rising to £150 million per year by 2008-09. individual local authoritites that are successful in applying for LEGI funding will receive anything between £2-10 million depending on the critical mass of resources required in the different areas.
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