Regional Growth Fund

Department for Business, Innovation and Skills written question – answered on 2nd July 2015.

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Photo of Chuka Umunna Chuka Umunna Shadow Secretary of State for Business, Innovation and Skills

To ask the Secretary of State for Business, Innovation and Skills, what proportion of funds from withdrawn awards under each round of the regional growth fund (RGF) (a) have been recycled into the RGF, (b) have been recycled into other programmes or budgets of his Department, (c) have been returned to HM Treasury and (d) have been reallocated elsewhere.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

Unused funds from withdrawn awards have generally been used to increase the funding for later rounds of the Regional Growth Fund (RGF) or to fund exceptional RGF awards. It is not possible to track the precise re-allocation of funding released specifically from withdrawn awards under each round.

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