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, how much has been returned to HM Treasury from the regional growth fund programme in each financial year of that fund's operation.

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

Unused funds from successive Regional Growth Fund (RGF) rounds have generally been used to increase the funding for later rounds of the RGF and to fund exceptional RGF awards. No funding was returned to HM Treasury in the financial years 2011/12 to 2014/15. Decisions on unused funds for the current and future financial years will be taken as part of the spending review process.

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