§ Mr. KidneyTo ask the Secretary of State for the Environment, Transport and the Regions what additional resources will be made available to Advantage West Midlands in 2000–01 as a result of his latest Budget. [116706]
§ Ms Beverley HughesIn his Budget, the Chancellor announced a new £50 million fund to provide support for business clusters and incubation in the English regions. The £50 million will go to the Regional Development Agencies to invest over the next two financial years; £15 million will be available in 2000–01 and £35 million in 2001–02. Advantage West Midlands will receive an allocation from the new fund of £1.5 million for financial year 2000–01.