Regional Growth Fund
(asked on 21st July 2014) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, what proportion of the total funds allocated via intermediaries as part of the Regional Growth Fund have been drawn down in each round and was allocated via intermediaries to date.
£1.64 billion has been allocated to intermediaries across Rounds 1-5 of the Regional Growth Fund and exceptional Regional Growth Fund. The tables show how much of that money has been drawn down to date. All data are correct at 15 October 2014.
| Round 1 | Round 2 | Round 3 | Round 4 | Round 5 | Exceptional | Grand Total |
RGF allocated to Programmes (£m) | 179 | 452 | 561 | 246 | 184 | 16 | 1,638 |
RGF grant drawn down to date (£m) | 178 | 392 | 296 | 78 | 0 | 6 | 951 |
The following table shows the planned RGF grant draw down timetable which has been agreed with these programmes.
RGF Drawn Down by year (£ million)
Financial Year | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | Total |
Actual paid – year to date | 418 | 72 | 286 | 175* | 951 | ||
Planned for whole financial year |
|
|
| 675 | 96 | 71 | 1,621 |
*This is the actual amount paid to beneficiaries as of 15 October 2014.
The difference between the totals in tables 1 and 2 arises because RGF applicants have not always claimed the full grant available to them.
More detail on which RGF programmes are still available for SMEs to bid into is available at https://www.gov.uk/regional-growth-fund-programmes-guide