Umbrella Interactive Ltd

Interactive Online & Media Solutions under one Umbrella

Follow Us on FlickrFollow Us on FacebookFollow Us on TwitterVisit Our YouTube ChannelSubscribe to our RSS Feed

Vince Cable confirms the NWDA will not be axed

Post

Vince Cable confirms the NWDA will not be axed

No comments
Vince Cable confirms the NWDA will not be axed
26 May, 2010  |  No comments  |  Blog

BRITAIN’S new Conservative–Liberal Democrat coalition has this week unveiled controversial plans to replace regional development agencies with local enterprise partnerships.

The North West Development Agency (NWDA) could face being disbanded when plans to create local enterprise partnerships, made up of councils and local business heads move forward.

But Government Minister and new business secretary Vince Cable has given the strongest hint yet that “popular” regional development agencies (RDAs) in the north and Midlands could survive the raft of public sector cuts due to be announced by the Treasury on Monday.

Speaking yesterday he said there seemed to be a strong business case for keeping the Northwest Regional Development Agency (NWDA) broadly in its present form.

“I have not come here wielding the axe,” he said. “There are areas like the North West and Yorkshire , where there are real serious structural problems and there seems to be a broad agreement with local businesses that the RDAs are doing a good job.”

However, he said that the  agency would be reformed, with its powers likely to be shifted to having a pure economic development focus. These new bodies may take the form of the existing Regional Development Agencies in areas where they are popular; which would mean the NWDA would still exist under a different name after the changes.

To date the NWDA agency has created or safeguarded 222,000 jobs, created 23,000 new businesses, reclaimed 4,700 ha of Brownfield land and levered £3.2 billion private sector investment.

It has been instrumental in driving forward the growth of Daresbury Science & Innovation Campus, reversing the decline in areas like Ancoats and Blackpool, and turning transformational projects such as MediaCityUK and the University of Cumbria into a reality.

Comments
Leave your comment
Name:  (required)

Email:  (required, will not be published)

Website:  (not required)

Message:  (required)

Last from our blog
4 September, 2011
Lord Sugar Apprentice Winner Ready for LaunchMyPy, a restaurant chain that focused on British ingredients, was invented by series.. Read more
20 August, 2011
Decide your company’s monetisation strategyElaborating on the business models, I've broken down different instances of four.. Read more
11 March, 2011
HMRC to spot-check SME record keepingHMRC believes that around 4 in 10, or some 2 million, small and medium enterprises.. Read more
10 March, 2011
LinkedIn Launching Social News Product for ProfessionalsLinkedIn has launched LinkedIn Today, a new social news product for business professionals.. Read more
10 March, 2011
World’s Billionaires 2011: Facebook has sixForbes has released the 25th edition of its rich-beyond-belief list. The World’.. Read more
7 March, 2011
Google Instant Previews Comes to iOS and AndroidGoogle Instant Previews is now available on mobile phones running Android 2.2+ or.. Read more
7 March, 2011
Warner Bros to offer movies through FacebookWarner Bros is making some of its films available on Facebook, opening up a new.. Read more
4 March, 2011
Libya removes itself from the netNet access in Libya that was intermittent is now non-existent. Read more
Umbrella @ Flickr
Search Umbrella Interactive
PAGE TOOLS

Privacy Policy

Terms of Use

Latest News

COMPANY PAGES

Blog

Brands

Contact Us

COMPANY WEBSITES

UK Web Hosting

Rochdale Digital Marketing

UK Asian Directory

ADDRESS

Umbrella Interactive Ltd

15 Water St, Rochdale,

Lancashire, OL16 1TL

CONTACT

Phone : +44 (0)871 8111 507

Fax     : +44 (0)844 585 6009


Copyright Umbrella Interactive Ltd © 2010 - 2017. All Rights Reserved. UK Web Hosting with Umbrella Host. Design by Umbrella Web Studio.
Back to page top