§ Lord Dormand of Easingtonasked Her Majesty's Government:
What is the sum contained in the single budget provided by the Government for the regional development agencies; how much of that sum is allocated to the North East development agency; and what is the target set out for the North East development agency. [HL4349]
§ Lord Sainsbury of TurvilleOf the £1,556,000,000 provided to the regional development agencies for the financial year 2002–03, £192,360,000 has been allocated to One North East, the North East of England Regional Development Agency. This is in support of outcome targets set as part of the corporate planning process, in accordance with guidance issued to the regional agencies in October 2001. Ministers agreed a range of targets for One North East, across the spread of its activities, when approving its corporate plan for 2002–05.
The allocations are gross figures, inclusive of receipts from the sale of properties and profit from estates. The agency's single programme also includes provision of a further £13,035,000 in support of its regional economic strategy for regional selective assistance cases under £2,000,000, the UK Broadband Fund and regional centres of manufacturing excellence.