EEDA - East of England Development Agency

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Local investment

While some issues of economic participation require intervention at a regional level, others are best addressed at a local level.

EEDA is therefore committed to working with local partners who:

• identify local needs
• encourage coordination of activity by local partners
• direct EEDA's investment into projects that enhance employability and increase economic opportunities.

Between 2003 and 2008, EEDA contracted with sub-regional economic partnerships (SREPs) to manage a series of local 'Investing in Communities' programmes that have benefited significant numbers of people throughout the region. Now, with the effective establishment of Local Area Agreements (LAAs) and the strengthening of the local authorities' role in economic development, the county and unitary authorities have become the most appropriate partners for taking forward this work.

Therefore, from 2008, EEDA will begin transferring the accountability for delivering its local investment to local authorities within the framework of LAAs.

This move will ensure that EEDA's investment is delivered most efficiently. It will also achieve greater effectiveness of local targeting and involve a broader range of local partners. At the same time, EEDA will be able to provide its regional experience and expertise on economic development to support all partners delivering investment through the LAA process.

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