Finance and governance of Regional Development Agencies
Description of contributions of Government Departments to Single Budget, and allocation of that budget to RDAs.
This page sets out the finances that RDAs receive from central government.
The non-London RDAs are expected to be wound up by end-March 2012; and the LDA subsumed into the GLA during 2011-12. Therefore there has been a decrease in budget allocations from central government to RDAs.
The Spending Review 2010 Settlement gave the Regional Development Agencies (RDAs) Programme allocation, based on the latter’s net legal commitments as at end-September 2010, and allocation towards the RDAs’ Administration/Closure costs. The RDAs will still be financed through a Single Budget, a fund which pools money from all the contributing Government Departments (BIS, DCLG, Defra, DCMS and DECC). BIS is the sponsor Department.
The RDAs’ outturn for 2009–10, allocated budgets for 2010-11, and separate Programme and Administration budgets for 2011-12 are set out below:
| RDA | £ million
(Outturn) | £ million
(Budget) | £ million
(Programme
Budget) | £ million
(Administration
Budget) |
|---|
| |
2009-10 |
2010-11 |
2011-12 |
2011-12 |
| Advantage West Midlands |
296 |
171 |
89 |
11 |
East of England
Development Agency |
133 |
78 |
18 |
8 |
East Midlands
Development Agency |
161 |
94 |
34 |
9 |
London Development
Agency 1 |
376 |
275 |
158 |
16 |
North West Development
Agency |
393 |
232 |
94 |
17 |
| One North East |
247 |
184 |
56 |
13 |
South East England
Development Agency |
166 |
107 |
28 |
10 |
South West of England
Regional Development
Agency |
156 |
128 |
34 |
11 |
| Yorkshire Forward |
320 |
173 |
94 |
11 |
| Total (Single Budget) |
2,249 |
1,442 |
605 |
106 |
1 The LDA has been given an additional one-off allocation of £43m towards transition costs.
Download the data from this table: Regional Development Agencies - Outturn Data 2005 to 2011 (CSV, 932 bytes)
In addition to their Single Budget, the RDAs have been given resources of £2.5m for the first quarter of 2011-12 towards the management of the European Regional Development Fund (ERDF) and the Rural Development Programme for England (RDPE). From 1 July 2011, these programmes would be managed by DCLG and DEFRA respectively.
The budget for the non-London RDAs’ transition costs is being held centrally by BIS and would be allocated to them in-year when such costs are confirmed.
