Our government funding: the ‘single pot’

England's 9 regional development agencies (RDAs) receive money from central government through the single budget, or ‘single pot’.

This is a fund which pools money from all the contributing government departments in the UK (BIS, CLGDIUS, Defra, DCMS and UKTI). BIS is the sponsoring department. 

The ‘single pot’ gives us a high degree of flexibility, helping us to channel money towards the investments we have prioritised for our region. However, it also comes with certain demands as to how it is used and what we have to deliver in return for it, as set out in the Corporate Plan.

How much does our region get?

Yorkshire Forward received £303m of this single-pot budget in 2008-09. This represents just over 13.% of the budget allocated across all of England’s RDAs. Only the London Development Agency and North West Development Agency receive more.

There are funds from Europe, too

In addition to the funds supplied by central government, we also manage the European Regional Development Fund (ERDF) and the Rural Development Programme for England (RDPE). Both programmes run from 2007 to 2013, and together amount to £9bn across England.

Budget reductions in the CSR

As a result of the government’s Comprehensive Spending Review (CSR) 2007, the RDAs’ budgets have been reduced by 2.5% for 2008/09 onwards. In addition, we are required to make further efficiencies: to date the RDAs have made savings of about £350m through efficiencies and value-for-money savings.

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