South West Regional Development Agency

Mr. Harper
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.

Mr. McFadden
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:

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|                                                                           |SWRDA contribution|
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|Programme1                                                                 |Resource          |Capital|
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|£20 million Flood Work and Climate Change (2008-09)                        |1.5               |—|
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|£25 million HomeBuyers Direct Initiative (2009-10)                         |—                 |220.0|
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|£275 million HomeBuyers Direct Initiative (2010-11)                        |—                 |2—|
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|£17 million Fuel Efficiency Initiative (2008-09)                           |1.1               |—|
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|£25 million Small Business Finance Scheme (2009-10)                        |33.5              |—|
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|£25 million Small Business Finance Scheme (2010-11)                        |3—                |—|
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|£10 million Equity Fund (2009-10)                                          |—                 |0.7|
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|1 Figures represent total for the regions2 Indicates brace3 Indicates brace|                  |
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