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Councils could use funding to boost economic recovery
16 March 2010
Funding totaling £50 million is being allocated by the government to local authorities to boost economic recovery in local areas in the wake of the recession.
Those working in public sector operations management may be interested to learn that the cash, announced by communities secretary John Denham, will be awarded to those local councils that promote growth in a successful way.
According to the minister, the funding is available via the Local Authority Business Growth Incentives (LABGI) scheme in all parts of the country, in order to assist those struggling in the current economic climate.
"Strong, vibrant, decisive local government is an essential part of our plans to promote growth and cut unemployment while rebuilding the public finances," Mr Denham said.
For example, more than £400,000 has been granted to Bristol to deliver Real Help Now Government initiatives, fund a jobs bus and establish an apprenticeships programme with the university.
Local authorities will also benefit from a recent £83 million investment by the government in the continuous improvement of low-cost home provision, which will see the development of around 5,700 properties put back on track.
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