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Regional Development Agencies: Assets

Business, Innovation and Skills written question – answered on 13th June 2011.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Secretary of State for Business, Innovation and Skills what assessment he has made on the effect on growth of the sale of regional development agency assets; and if he will make a statement.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

holding answer 8 June 2011

Government outlined last year in their Local Growth White Paper how they plan to achieve growth in the regions. The White Paper set out clear principles which Government and regional development agencies (RDAs) are using to decide the final destination and ownership of RDA assets. RDAs submitted their asset and liabilities plans to Government for approval on 31 January 2011. These plans have been drawn up and assessed, against the principle of achieving the best possible outcome for their regions consistent with achieving value for the public purse.

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