Research by the Forum of Private Business (FPB) shows that SMEs are entirely indifferent to the government’s plans to scrap the regional development agencies (RDAs) with local enterprise partnerships (LEPs).
The FPB’s latest Economy Watch report, carried out amongst 358 of its members, shows that SMEs couldn’t care less about the change, since most of them don’t use the public sector for business support anyway.
Asked about what impact the change from RDAs to LEPs would have on their businesses, only seven percent say they think the change will improve business support solutions, while four per cent say they believe the change will make things worse.
Twenty-one per cent, meanwhile, say they expect the administrative change to make no difference at all; while the remaining 68 per cent say they don’t use business support from the public sector anyway.
The cynicism over the LEPs is understandable – no one quite yet knows how they’ll work in practice. While the idea that the private sector should work with the public sector is commendable, we’re not convinced it will work in practice.
What are your views on the LEPs?
You can read the FPB’s full Economy Watch report below.