Business, Innovation and Skills written question – answered at on 2 November 2010.
To ask the Secretary of State for Business, Innovation and Skills how much each regional development agency allocated to the Technology Strategy Board in funding in (a) 2008-09, (b) 2009-10 and (c) 2010-11.
The Technology Strategy Board (TSB) is a non-departmental public body sponsored by the Department for Business, Innovation and Skills, and does not receive allocated funding from the regional development agencies (RDAs).
However, over recent years, the RDAs have collaborated with the TSB on a broad range of innovation and technology projects in order to strengthen the strategic and economic impact of their collective investments.
In 2008-09, the RDAs invested £101 million in projects aligned with the TSB. Details of the amount invested by each RDA are provided in the following table. In 2009-10, the RDA network was projected to also invest a further £160 million in aligned projects.
Aligned investment 2008-09 | |
RDA | £ million |
One NorthEast | 11.26 |
North West Development Agency | 12.62 |
Yorkshire Forward | 6.31 |
East Midlands Development Agency | 10.32 |
East of England Development Agency | 7.59 |
Advantage West Midlands | 26.83 |
London Development Agency | 9.61 |
South West Regional Development Agency | 4.81 |
South East of England Development Agency | 11.80 |
In June 2010, the Government's emergency Budget announced that the RDA network is to be abolished and its functions transferred to other national or local organisations. The RDAs were also asked to find £270 million of savings from their programme budgets for 2010-11. As each RDA is currently determining where its respective programme savings will be made, figures for projected RDA aligned investment with the TSB for 2010-11 are unavailable at present.
Yes2 people think so
No0 people think not
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