§ The Minister for Employment Relations, Industry and the Regions (Alan Johnson)I would like to inform members of the House how the Department will report on the performance of the Regional Development Agencies, including the London Development Agency which reports to the Mayor of London.
RDAs are funded through the cross departmental Single Programme funding mechanism known as the Single Pot. Attached to the Single Pot is a set of challenging targets which were agreed with the RDAs, and in the case of London, with the Mayor.
RDAs' achievement against their Tier 3 milestone (output) targets will be reported to the House twice yearly. This will be shortly after the RDAs have submitted their reported achievements against the output targets for the first six months of the financial year and again at the end of the year.
More information about the performance monitoring framework for the RDAs is available on the DTI website at http://www.dti.gov.uk/rda/info/index.htm.