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Business

Volume 471: debated on Monday 4 February 2008

To ask the Chancellor of the Exchequer what his Department's planned expenditure on business support, promotion of enterprise and economic development is for each year from 2007-08 to 2010-11; and which elements of this expenditure are planned to be funded through regional development agencies' single pot. (179229)

[holding answer 15 January 2008]: The RDAs are funded by six Departments including, the Business Enterprise and Regulatory Reform, the Department for the Environment, Food and Rural Affairs, the Department for Innovation Universities and Skills, UK Trade and Investment, Communities and Local Government, Department for Culture, Media and Sport. Together these provide £2.3 billion in 2007-08, £2.2 billion in 2008-09, £2.2 billion in 2009-10 and £2.1 billion in 2010-11 to the RDAs' single budget. The RDAs detailed proposals for business support covering the next three years will be set out in their corporate plans which will be published in the spring.