Business, Innovation and Skills written question – answered at on 19 March 2012.
To ask the Secretary of State for Business, Innovation and Skills whether any staff employed by the Advantage West Midlands Development Agency received retention bonuses after the announcement by the Government of the abolition of the regional development agencies.
The eight regional development agencies have put in place arrangements to secure the retention of key staff until the agencies are closed. They have made these arrangements with the approval of the Secretary of State for Business, Innovation and Skills, Vince Cable, and HM Treasury. This is to safeguard the taxpayer's interest in making best use of the significant public assets that the regional development agencies have owned. A retention payment process had been recommended to be put into place by the National Audit Office. At Advantage West Midlands to date, no member of staff has received a retention payment.
Yes1 person thinks so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.