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<p>Through Growth Deals the Government has devolved over £6bn of funding to Local
Enterprise Partnerships (LEPs) to invest in the key drivers of growth. While this
investment is predominantly capital, up to £303m in 15-16 is revenue funding. LEPs
have also secured wider freedoms and flexibilities, which in some cases include additional
revenue funding, or more influence over revenue funding streams. This is the first
round of Growth Deals and Government’s intention is to increase the flexibility of
the Local Growth Fund in future years.</p><p> </p>
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