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Lord Heseltine unveils growth strategy

The Government was today urged by a former minister to spend more money on boosting economic growth in the regions.

Lord Heseltine urged the coalition to produce a long-term strategy for economic growth, including firm commitments against which it can be held to account.

In a series of recommendations, Lord Heseltine said the Government should allocate up to £250,000 of new public funding to local enterprise partnerships (LEPs) over the next few years.

A new national growth council should be established, chaired by the Prime Minister, with a cross-government focus on driving growth and wealth creation, said the report.

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