Alignment of current funding

Alignment of funding is crucial to ensuring that business support is managed, by all funders, in the most efficient and effective way. 

To deliver simplification, the region’s key public funders will work together through the NETMB, to identify more opportunities to align funding and delivery of business support.  Examples may include further embedding of business support principles, co-funding, common procurement routes and local augmentation of regional support.

Specifically, we will work to develop ‘Business Support Agreements’ for each locality, working with a variety of regional, sub-regional and local partners, including local authorities, One NorthEast, Business Link and the LSC to define the business support approach that best meets the needs of businesses and entrepreneurs in each locality.  The ‘Business Support Agreements’ approach will be developed during Summer 2008.