Treasury written question – answered at on 28 November 2011.
To ask the Chancellor of the Exchequer what consideration he has given to regional economic and employment conditions in developing his economic strategy; and if he will make a statement.
In the decade prior to the 2008 financial crisis, economic growth was unbalanced across the UK, concentrated in the south-east, with some parts of the country increasingly reliant on jobs funded by public spending.
The Government have set out in the ‘Plan for Growth’ the need to return the UK economy to sustainable economic growth that is more balanced across the UK and sectors.
The Government have taken key initiatives to support growth locally and in the regions, by introducing 22 new enterprise zones in England; allocating £450 million of investment in the first round and £950 million in the second round of the £1.4 billion Regional Growth Fund; providing £500 million to local enterprise partnerships through the Growing Places Fund and considering powerful incentives for local authorities to go for growth through the Local Government Resource Review.
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