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 funds not yet drawn down by winning bidders under the regional growth fund in each bidding round and region.
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 |
