Cuts Watch #78: Cuts in regional funding
The Department for Communities has today announced the abolition of Local Authorities Leaders Boards (a cut of £6 million this year). In addition, the Treasury have announced that £50 million will be cut from the Local Authority Business Growth Initiative (which was part of the cuts announced by CLG earlier this week). The current leaders’ boards are: East of England Regional Strategy Board, East Midlands Leaders’ Board, Association of North East Councils, 4NW – The North West Regional Leaders Board, South East England Partnership Board, South West Strategic Leaders’ Board, West Midlands Leaders Board and Local Government Yorkshire and Humber. Local Government Chronical report that the boards are currently responsible for developing regional spatial and development strategies.
The Local Authority Business Growth Incentives (LABGI) scheme aimed to give local authorities a financial incentive to encourage local business growth by rewarding qualifying business growth with a non-ringfenced grant. Allocations that were to have been made available to local authorities, before the cuts, can be seen here.