Speeches

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, how much funding allocated under the Regional Growth Fund in each (a) holding and (b) region has not yet been drawn down by winning bidders.

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