Cuts Watch #132: One North East
Today One North East announced that £2.7 million of day-to-day funding for 20 local business organisations has been cut, with tourism organisations especially hard hit. Larger cuts will be announced in September and voluntary redundancies are expected at the agency itself.
Last month the government told the regional development agency to cut spending by £32 million and prepare for abolition in 2012. The decision, labelled “a slow death by a thousand cuts” by Blaydon MP Dave Anderson, will hit Newcastle and Gateshead’s pioneering regeneration organisation 1NG, the renewable energy firm Narec, and plans for Newcastle to become a ‘Science City’. Ironically, the news of these cuts emerged on the same day that it was revealed that 82% of all inward investment into the North-East in 2009/10 came through One North East.