Influencing Local Investment Plans for Businesses

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As Councils and Combined Authorities are in need of writing their Local Investment Plans as part of the UK Shared Prosperity Fund by 1st August 2022, Oxford Innovation Advice are urging local MPs to ensure that small and medium sized businesses are not forgotten.

The objective of the governments ‘Levelling Up’ agenda is to place greater opportunity for local councils to invest in the local community,  however there are growing concerns that this approach creates risk of increased variance in access to support – across constituencies, counties, regions and even the country as a whole – and in reality the likelihood of a proliferation of low value and potentially low impact schemes, organised by councils who have had limited to no experience in developing, commissioning or managing such programmes in the past.

As a voice of thousands of SMEs across England and having delivered national and regional business support programmes over the last 30 years, Oxford Innovation Advice are asking for the support from MPs who are in need of signing off those Local Investment Plans.

There is a rising need for an aligned strategy for the creation of consistent business support programmes across the country, in order to ensure maximum access and more importantly cost efficiency in programme delivery and management costs.

Managing Director, Jane Galsworthy, has written to more than 180 MPs across England calling for their support and why these plans should prioritise small business support – read the letter here:

The Importance of Small Business Support 2022

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Oxford Innovation Advice offers Insights into SME needs and policy effectiveness for policy makers, funders and business support commissioners. It draws on our 30 years’ experience of delivering positive economic growth by enabling scale-ups to achieve their full potential. Each edition concludes with an ‘Implications for funders and Policy makers’ section.

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Update – Wednesday 15th December 2021

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