The White Paper also confirms proposals for:
- the New Homes Bonus from April 2011 which will match fund the additional council tax raised for new homes for the following six years. £200m has been set aside to fully fund the scheme in 2011-12;
- a reformed planning system which will "give communities and neighbourhoods more power over decisions, increase investor certainty and help international businesses locate, move within or stay in the UK."
- and Tax Increment Financing (TIF), which will enable local authorities to borrow against future increases in business rate revenues.
The paper says that the new LEPs will participate in the "development of national planning policy and ensuring business is involved in the consideration of strategic planning applications."
The White Paper also sets out the timetable and further criteria for the operation of the newly-launched £1.4bn Regional Growth Fund.
Communities secretary, Eric Pickles said: "We want to create a fairer and more balanced economy driven by private sector strength, and our plan for local growth will create local enterprise partnerships, reform the planning system and introduce development incentives for local authorities, like allowing them to keep their business rates, so all parts of the country benefit."
The 24 LEPs are:
Birmingham & Solihull with E. Staffordshire, Lichfield &Tamworth
Cheshire and Warrington
Coast to Capital
Cornwall & the Isles of Scilly
Coventry & Warwickshire
Gt. Cambridge & Gt. Peterborough
Kent, Greater Essex & East Sussex
Leeds City Region
Leicester & Leicestershire
Liverpool City Region
Nottingham, Nottinghamshire, Derby, & Derbyshire
Oxfordshire City Region
Sheffield City Region
Stoke-on-Trent & Staffordshire
Thames Valley Berkshire
West of England
A map of the LEP areas can be viewed here.
The Local Growth Plan can be read here.
Local Growth Plan: planning reforms
Local Growth Plan: response
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