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South West Regional Development Agency

Volume 491: debated on Wednesday 22 April 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what reductions in (a) capital and (b) resource funding for the South West of England Regional Development Agency his Department has made in the last 12 months; and if he will make a statement. (268641)

The following reductions were made to the indicative allocations given to the South West of England Regional Development Agency (SWRDA) at the start of the comprehensive spending review 2007 period:

£ million

SWRDA contribution

Programme1

Resource

Capital

£20 million Flood Work and Climate Change (2008-09)

1.5

£25 million HomeBuyers Direct Initiative (2009-10)

220.0

£275 million HomeBuyers Direct Initiative (2010-11)

2

£17 million Fuel Efficiency Initiative (2008-09)

1.1

£25 million Small Business Finance Scheme (2009-10)

33.5

£25 million Small Business Finance Scheme (2010-11)

3

£10 million Equity Fund (2009-10)

0.7

1 Figures represent total for the regions

2 Indicates brace

3 Indicates brace