LEP – who will be to blame if things go pear-shaped?

Following on from the article below (which basically says metro-mayors/combined authorities/LEPs don’t work), Owl has a question:

If, as it appears, our LEP wants to take credit for any and all good that arises in Devon and Somerset for whatever reason (eg economic growth, Hinkley C) will it be taking the blame if it all goes horribly wrong – and would our local authorities accept their share of blame for going along with a dangerously flawed model where, not only does the Emperor have no clothes, the local authorities bought the clothes the Emperor doesn’t have?