Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Chuka Umunna on 2014-04-03.
To ask the Secretary of State for Business, Innovation and Skills, what the total value is of all bids to each round of the Regional Growth Fund; how much has been committed to winning bidders in each Regional Growth Fund bidding round; and how much such funding has been drawn down in each region to date.
Michael Fallon
Regional breakdown of RGF allocations for each bidding round (Rounds 1-4) including the amount drawn down and remaining to be drawn down are provided in the attached tables. This data is as at 2 April. The RGF not drawn down for Rounds 1 to 4 totals £1,238 million. Of this, currently, £1,152 million is budgeted to be drawn down in 2014/15 and later years. Payments schedules are agreed with companies and payments are made when they need them.
Round 1
|
Region |
RGF Allocation (£m) |
RGF Drawdown (£m) |
RGF not drawn down (£m) |
|
North West |
21 |
19 |
2 |
|
Yorkshire & Humber |
47 |
39 |
8 |
|
North East |
34 |
34 |
0 |
|
West Midlands |
89 |
22 |
67 |
|
East Midlands |
2 |
2 |
0 |
|
East of England |
16 |
10 |
6 |
|
South East & London |
0 |
0 |
0 |
|
South West |
4 |
4 |
0 |
|
National |
175 |
175 |
0 |
|
TOTAL |
388 |
305 |
83 |
Round 2
|
Region |
RGF Allocation (£m) |
RGF Drawdown (£m) |
RGF not drawn down (£m) |
|
North West |
189 |
123 |
66 |
|
Yorkshire & Humber |
68 |
45 |
23 |
|
North East |
64 |
56 |
8 |
|
West Midlands |
91 |
87 |
4 |
|
East Midlands |
80 |
49 |
31 |
|
East of England |
35 |
20 |
15 |
|
South East & London |
60 |
45 |
15 |
|
South West |
71 |
69 |
2 |
|
National |
90 |
80 |
10 |
|
TOTAL |
748 |
574 |
174 |
Round 3
|
Region |
RGF Allocation (£m) |
RGF Drawdown (£m) |
RGF not drawn down (£m) |
|
North West |
113 |
43 |
70 |
|
Yorkshire & Humber |
63 |
28 |
35 |
|
North East |
113 |
44 |
69 |
|
West Midlands |
158 |
24 |
134 |
|
East Midlands |
57 |
14 |
43 |
|
East of England |
25 |
8 |
17 |
|
South East & London |
48 |
18 |
30 |
|
South West |
82 |
8 |
74 |
|
National |
177 |
75 |
102 |
|
TOTAL |
836 |
262 |
574 |
Round 4
|
Region |
RGF Allocation (£m) |
RGF Drawdown (£m) |
RGF not drawn down (£m) |
|
North West |
96 |
5 |
91 |
|
Yorkshire & Humber |
30 |
2 |
28 |
|
North East |
33 |
1 |
32 |
|
West Midlands |
65 |
1 |
64 |
|
East Midlands |
41 |
1 |
40 |
|
East of England |
15 |
3 |
12 |
|
South East & London |
25 |
2 |
23 |
|
South West |
14 |
0 |
14 |
|
National |
115 |
12 |
103 |
|
TOTAL |
434 |
27 |
407 |
