LEP chairman to stay on until 2015

The move follows the recommendations of a review panel which was established as Mr Newman’s three-year-term as chairman came to an end. The panel also concluded that there should be a full review of the role of LEP chairman. It is anticipated that a new LEP chairman will take over in the summer of 2015.

In a statement, the LEP said: “James has indicated he will not be seeking reappointment and will fully support the new chair as he or she assumes their new role.”

Mr Newman said: “I am delighted to have been asked to continue my leadership of the LEP.”

Mr Newman is a former Master Cutler, who has held a number of senior roles in a business career spanning more than 35 years.