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One North East is the Regional Development Agency (RDA) covering North East England.

We are one of nine RDAs in England that were established to transform the English regions through sustainable economic development.

One North East Transition and Closure

One North East, along with all the English regional development agencies (RDAs), will close at the end of March 2012. The Government announced in last summer’s Budget a new policy for regional economic development which means the role of RDAs will be replaced by local enterprise partnerships, with legislation later this year expected to formally ratify RDA closures.

Between now and the end of next March, One North East will work closely with regional partners and Government to professionally close down our business. A transition and closure plan is being finalised to properly transfer and dispose of assets and liabilities.

This is a complex process which will involve the transfer of some of our activity to regional partners - some activity will pass to Government to be managed at a national level while some aspects of our work will close.

Our assets and liabilities include land, buildings, websites, databases, business finance schemes and existing legal commitments.

We are still continuing to deliver the remainder of our £230m budget for this financial year, including successfully delivering the £42m Tees Valley Industrial Programme bringing new jobs and opportunities to the growing low carbon economy in the area.

Our budget for 2011-12 is £61m which will mean that while we cannot make any new funding commitments, we should be able to cover the existing legal commitments we have for our final 12 months before closure.

This activity is all taking place while One North East continues its redundancy process to exit all remaining 320 employees from the business by March 2012.

So far 45 have left One North East through a voluntary redundancy scheme with several dozen more employees having left to take up new employment in the region and beyond.

All staff remain fully committed to ensuring the professional wind down and closure of One North East, transferring assets to the most suitable partner to drive forward future economic growth.

Alan Clarke, One North East Chief Executive. 

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