It was based opposite PERA on Nottingham Road in Melton Mowbray.

It was originally created to divide up the money given in government grants for the East Midlands.

However, EMDA in Nottingham, the local government-run regional development agency, is taking over this role, and has done similar work in the past.

It is currently involved in promoting energy efficiency throughout businesses and local authorities in the East Midlands.

The assembly was abolished on 31 March 2010 as part of the UK Government's Review of Sub-National Economic Development and Regeneration.