A new organisation to champion the collective local business voice and meet the priorities of the increasing number of business boards in councils and Mayoral Combined Authorities goes live today.
The Business Board Network will independently support business and economic growth boards with their plans to drive local growth and build local economies, and to ensure that the voice of local business is heard and acted on, forging a collective single minded approach to achieve that aim.
Mark Bretton, Chair of the Business Board Network, said:“Our mission is simple – connecting local growth and building local economies. The new Business Board Network goes live just as we start working with the new government on their core priorities.
“The bread-and-butter work of business boards, and of the Business Board Network in supporting them, is to help deliver Local Growth Plans, applying a modern industrial strategy and infrastructure strategy to the benefit of local regions, and achieving local net zero ambitions. We’ll also be supporting the valuable Growth Hub network as the “go to service” for local small businesses, and working with other Business Representative Organisations and the British Business Bank, especially in overcoming the biggest barrier for growth to SMEs – access to finance.”
Following the transition of LEP functions to MCAs and councils, a letter from government to local council chairs in April 2024 laid the foundations:
“The government supports the principle of maintaining a network that continues to represent the local business voice to help strengthen the aims of devolution and economic growth – and to that end hope you will support the evolving Business Board Network.”
Government guidance to local authorities delivering business representation and local economic functions set out the value and role that business boards will play in local growth and devolution:
- Acting as strong independent business voice embedded in decision-making – an eligibility requirement for some HMG programmes.
- Strengthening local economic strategies and interventions.
- Being a strong vehicle for leveraging match funding for public sector programmes and developing effective partnership to support growth.
- Providing challenge and insight on business impact of public sector initiatives.
- Adding delivery expertise, pace and market credibility.
- Shaping business, trade and investment support around local business needs.
