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Our Governance

*To review our latest financial statements for the year ending 31 March 2017, please download the full report from the 'Resources' section*

The Oxfordshire Local Enterprise Partnership (OxLEP) has secured £198m through the Oxford and Oxfordshire City Deal and Local Growth funds which is focused upon driving economic growth through innovation. Our strategy defines four thematic priorities, People, Place, Enterprise and Connectivity focused on meeting the needs of the area’s science and knowledge-rich economy, in so doing place Oxfordshire at the forefront of the UK’s global innovation ambitions. Building on the successful Oxfordshire City Deal, announced in January 2014, the Deal seeks to drive investment in key sectors – including life sciences, automotive/advanced engineering, satellite & space related technology and Print, media and digital – by strengthening the business-critical infrastructure around the Oxfordshire ‘Knowledge Economy Spine’. Aligned to our Strategic Economic Plan, the growth deal package and any future funds including European Funds will support investment in the following four thematic areas: 

People: delivering and attracting specialist skills at all levels and across sectors to meet business need.

Place: providing the quality environment needed to support growth.  

Enterprise: building on the strength of Oxfordshire’s university, industry research, development capacity to develop business collaboration and supply chain potential.

Connectivity: allowing people and knowledge to move freely along the ‘Knowledge    Spine’ and around the county by improving physical (transport) and service (broadband) connectivity   

Oxfordshire Local Enterprise Partnership - Assurance framework

This document sets out our Assurance Framework for the management of risks and explains the governance framework in place to support our operations and decision making.  It is important that stakeholders are clear as to how decisions are made, projects are planned and resources are controlled and that is the purpose of an assurance framework. OxLEP is committed to developing and implementing an assurance Framework that will provide a systematic and consistent delivery approach and this document will be used by the Board, Executive Team, our accountable body and partners to identify, monitor and evaluate strategic risks to funded projects.

An assurance framework is a structured means of identifying and mapping the main sources of assurance in an organisation, and co-ordinating them to best effect. It also allows our accountable body, Oxfordshire County Council, to ensure we have adequate controls in place over the use of public funds and are complying with them.

The purpose of this document is to provide assurance to all involved in programme, project delivery and the management of strategic and operational issues, as well as all our stakeholders, that:

  • governance is in place for delivering growth deal programme through the OxLEP and Growth Board structures;

  • effective programme and project management tools are being used to improve decision making;

  • approved Financial Regulations and Schemes of Delegation are in place and are complied with;

  • risks are captured according to agreed processes, are regularly monitored and reviewed to ensure the mitigation is effective;

  • resources are appropriate which will allow the Local Enterprise Partnership to carry out its obligations effectively; and will

  • all members and partners are informed of all decisions and updates accordingly.

The full framework document can be found here