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This snapshot, taken on 26/07/2008, shows web content selected for preservation by The National Archives. External links, forms and search boxes may not work in archived websites.
The Regional Development Agencies (RDAs) are financed through a Single Budget, a fund which pools money from all the contributing Government Departments (BERR, CLG, DIUS, DEFRA, DCMS and UKTI). RDAs use this resource to support the priorities outlined in their Regional Economic Strategies
The RDAs’ allocated budgets for 2007–08 are set out below, together with their indicative budgets for 2008–09 to 2010–11:
Total RDA Allocation by Region | £ million | £ million | £ million | £ million | |
2007-08 | 2008-09 | 2009-10 | 2010-11 | ||
Advantage West Midlands | 291 |
| 279 | 275 | 269 |
East of England Development Agency | 137 |
| 132 | 130 | 127 |
East Midlands Development Agency | 171 |
| 159 | 158 | 154 |
London Development Agency | 386 |
| 390 | 385 | 376 |
North West Development Agency | 395 |
| 391 | 386 | 377 |
One NorthEast | 277 |
| 248 | 244 | 239 |
South East England Development Agency | 163 |
| 160 | 158 | 154 |
South West of England Regional Development Agency | 156 |
| 157 | 155 | 151 |
Yorkshire Forward | 304 |
| 303 | 299 | 292 |
TOTAL [Single Budget] | 2,280 | 2,219 | 2,190 | 2,139 |
The RDAs’ Single Budget was reviewed in the Comprehensive Spending Review in 2007. As part of that Review, RDAs identified cash savings of £350 million, which will be funded from value for money savings.
The allocation of the Single Budget between the individual RDAs is determined in part by a formula, which was agreed at the start of Spending Review 2004 period between BERR and the RDAs and reflects the economic needs and opportunities in each region. The budget also takes into account the factors which influence demand in each Region for advice to business provided by Business Links.
The Government has issued indicative allocations to the RDAs for the period 2008-2011, to enable them to produce their Corporate Plans.
In addition to their Single Budget the RDAs have taken over the management of the European Regional Development Fund (ERDF) and the Rural Development Programme, which together add substantially to the amounts that individual RDAs can direct towards their Regional Priorities.
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