ACCOUNTS
New Anglia LEP receives income to cover operational activities, designated projects and programme
funding. This page provides a snapshot of the LEP’s finances.
The majority of the LEP’s funding comes from the Government’s Local Growth Fund (Growth Deal).
The LEP also receives funding from the Enterprise Zones and other Government initiatives, for
example from the Department for Business, Energy and Industrial Strategy (BEIS) and the European
Regional Development Fund (ERDF).
All Growth Deal funding has been allocated to projects. Delays to a small number of projects meant
not all payments were made in the allocated year.
The majority of the LEP’s expenditure is grant payments made through its Growth Deal programme,
plus running costs to operate and help deliver these programmes. Other expenditure includes staff
and office costs, running costs and funding awarded to external partners and projects.
Under company law, the LEP’s accounts are independently audited and when approved by the Board,
they are published on our website – newanglia.co.uk – and filed at Companies House. Our full
published accounts include additional details, such as staffing and other running costs
INCOME
Growth Deal
35m
Getting Building Fund
15.4m
Business Resilience and Recovery Scheme
4.1m
Other income
14.5m
Core funding
0.7m
TOTAL INCOME
69.7m
EXPENDITURE
Growth Deal
31.8m
Getting Building Fund
3.3m
Business Resilience and Recovery Scheme
3.4m
Other grants
6.3m
Other expenditure
5.5m
TOTAL EXPENDITURE
50.3m
BALANCE SHEET
Fixed assets, including investments
12.5m
Current assets
62.9m
Current liabilities
-1.5m
Total assets less liabilities
73.9m
FUNDED BY
Operational reserves
1.1m
Programme reserves
72.8m
Members funds
73.9m
