(2) what estimate she has made of the cost of administering the Local Enterprise Growth Initiative in 2007-08.
The budget for years 2006-07, 2007-08 and 2008-09 are given in the following table. Please note that these figures exclude a possible third round of LEGI which is dependent on the outcome of the comprehensive spending review.
Round 1 Round 2 Total 2006-07 31,196,136 n/a 31,196,136 2007-08 45,723,021 49,997,471 95,720,492 2008-09 49,132,091 53,913,129 103,045,220
The cost of administering LEGI in 2007-08 will be sensitive to a decision in CSR on whether there will be a third round of LEGI, and the timing of a third round. However, indicative costs for central Government administration spend for 2006-07 were £112,050, or 0.36 per cent . of the total budget for that year. I anticipate that administrative costs should remain broadly the same next year.
It is for local partnerships responsible for delivering LEGI to determine the proportion of their budget that is necessary and appropriate to efficiently administer the programme. We encourage partnerships to evaluate their spend against outcomes to help them achieve good value for money.