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House
Session
Year
Department
Member
Primary member
Answering member
Legislative stage
Legislation
Subject
More
Publisher
Type
House of Commons papers; Select Committee oral evidence;
Parliamentary committees
Committee
Trade and Industry Committee
Subjects
Disadvantaged; Business; Economic situation; Economic policy; Prince's Trust; Prime; Aston Reinvestment Trust; Natwest Community Enterprise; Social Enterprise London; Local Investment Fund
Commons Library location
CS 340
Date
1 February 2000
Reference
HC 51-v 1999/2000
House
House of Commons
To ask the Secretary of State for the Environment, Transport and the Regions, how much of the local investment fund established in 1994 has been loaned to voluntary organisations; how many projects have failed and at what cost to the fund; and what action is proposed to replenish the fund....
To ask the Secretary of State for the Environment, Transport and the Regions, how much of the local investment fund established in 1994 has been loaned to voluntary organisations; how many projects have failed and at what cost to the fund; and what action is proposed to replenish the fund....
Asked by
Andrew Love
(Labour; Co-operative Party)
Answered by
Angela Eagle
(Labour)
Answering body
Department of the Environment, Transport and the Regions
Type
Written questions
Status
Answered
Tabled on
6 July 1998
For answer on
13 July 1998
Answered on
13 July 1998
Mr. Love: To ask the Secretary of State for the Environment, Transport and the Regions how much of the local investment fund
established in 1994 has been loaned to voluntary organisations; how many projects have failed and at what cost to the fund; and what
action is proposed to replenish the fund. [49682]
Angela Eagle: The Department helped establish the Local Investment Fund with a one-off grant; the rest of the resources came from
the private sector. The Fund makes loans to voluntary organisations, which cannot raise loans from conventional sources, to support
their economically viable enterprises contributing to the regeneration of deprived communities.
I understand from the Fund that, since 1994, a total of £1.2 million has been lent, or committed, to eligible bodies. All the loans
made so far have either been repaid in full or are currently on target to repay on schedule, so replenishment of capital is not an
issue.
Subjects
Central government; Investment; Grants; Voluntary organisations; Local Investment Fund
Date
13 July 1998
Reference
316 c5-6W; 49682
House
House of Commons
Statement on the Government's local economic development and regeneration policies. - Figs and ref to 'The Way Forward' (Cm 3814) Regional Development Agencies Bill. (Holding answer 18 June 1998).
Statement on the Government's local economic development and regeneration policies. - Figs and ref to 'The Way Forward' (Cm 3814) Regional Development Agencies Bill. (Holding answer 18 June 1998).
Asked by
Brian Jenkins
(Labour)
Answered by
Angela Eagle
(Labour)
Answering body
Department of the Environment, Transport and the Regions
Type
Written questions
Status
Answered
Tabled on
10 June 1998
For answer on
22 June 1998
Answered on
22 June 1998
Mr. Jenkins: To ask the Secretary of State for the Environment, Transport and the Regions if he will make a statement on the
Government's local economic development and regeneration policies. [45852]
Angela Eagle: [holding answer 18 June 1998]: The Government are determined to join with local government, the voluntary and private
sectors and local communities in a concerted attack against the multiple causes of social and economic decline-- unemployment, bad
housing, crime, poor health and a degraded environment.
Regeneration policies will play a key part in this. The Government are therefore undertaking a comprehensive review of regeneration
policies. A discussion paper on the future of regeneration--"The Way Forward"--has been produced as a result of this review.
Regional Development Agencies (RDAs)
The White Paper on Regional Development Agencies (RDAs), "Building Partnerships for Prosperity" (Cm 3814), published on 3 December
1997, set out the Government's proposals for the creation of a new Regional Development Agency in each of the English Regions. The
Regional Development Agencies Bill, which had its Third Reading on 1 April 1998, Official Report, columns 1366-85, will put in place
the legislative framework for RDAs' work.
RDAs will provide the means for ensuring effective, properly co-ordinated regional economic development. One of their first and most
important tasks will be to draw up a regional economic strategy for their region. This will provide proper strategic direction to
regional economic development work: regeneration, inward investment, business support, skills training and sustainable development.
RDAs will contribute towards the better coordination of regeneration programmes by bringing together English Partnerships, the
Single Regeneration Budget Challenge Fund and the rural regeneration work of the Rural Development Commission. They will continue to
work with local partnerships formed between local authorities, business and the voluntary sector.
Single Regeneration Budget (SRB)
The Single Regeneration Budget (SRB) currently provides over £3.4 billion, in total, for the three years 1997-98 to 1999-2000.
Within the £3.4 billion SRB total, nearly £1.7 billion is currently allocated to some 550 partnership schemes under rounds 1 to 3 of
the SRB Challenge Fund.
The balance of available SRB resources--over £1.7 billion over the 3-year period--is currently allocated to fund commitments under
earlier programmes such as English Partnerships, UDCs, Housing Action Trusts, Estate Action, City Challenge etc. which all form part
of the SRB.
The Government announced, on 30 March 1998, the names of the 121 successful Partnerships under Round 4 of the SRB Challenge Fund
which stand to get over £300 million. Around £12 million will be available nationally for 1998-99.
Nearly all the 121 successful Round 4 schemes have multiple objectives, which include social exclusion, employment and training,
education, community safety, prevention of drug misuse, health care and child care. Over half of the schemes include support for
ethnic minorities as an explicit objective. This reflects local needs and priorities and the need to look across traditional
boundaries in finding solutions.
The Round 4 schemes aim to attract private sector support of over £400 million and other public sector contributions, including
European funding, of over £500 million over their lifetime of up to seven years. This investment will benefit over 600,000 school
children, provide training for 86,000 people, provide jobs for over 50,000 target area residents and benefit over 3 million people
from community safety initiatives.
During 1996-97 the SRB Challenge Fund supported schemes which attracted over £577 million of private sector leverage,
created/preserved over 78,000 jobs and helped to start up over 16,000 businesses.
English Partnerships: NDPB delivering regeneration, economic development, job creation, environmental improvement and promoting
inward investment through the reclamation and development of derelict, vacant and under-used land and buildings throughout England.
EP's Investment Fund provides a flexible means to tailor financial support for projects and enables EP to operate as a strategic
partner and investor in regeneration. Their Community Investment Fund provides capital grants of up to £100,000 to community based
projects and enables local communities to participate more effectively in the regeneration of their neighbourhoods.
Fifty-six British Coal non-operational sites, covering some 6,000 acres, have been transferred to EP who are taking forward their
regeneration, reclamation and development. EP have prepared a detailed investment plan including a development strategy for each
site. Paula Hay-Plumb, Managing Director (Operations) at EP has been appointed by the Deputy Prime Minister to chair a Coalfields
Task Force whose purpose is to identify and develop a specific programme of action to assist coal closure areas by pooling the
expertise of government departments and other partners in regeneration.
EP own the Greenwich Peninsula and are responsible for providing a serviced site for the Millennium Experience. EP have developed a
master plan for the long term regeneration of the site which would provide 5,000 homes and 335,300 jobs as well as commercial,
leisure, retail, community and education facilities. A competition for the first stage of the development--the Millennium
Village--was launched by the Deputy Prime Minister on 10 July 1997. Four shortlisted consortia submitted their bids on early January
1998 and the winner will be announced shortly.
Housing Action Trusts (HATs): There are 6 Housing Action Trusts regenerating severely run down housing estates, including
refurbishment/redevelopment, creation of jobs and training opportunities, and other improvements. HATs are planning their programmes
on the basis of a total public spend of £1,095 million on all HATs to the end of their 10 year lifetimes.
Estate Action: aims to help local authorities improve unpopular housing estates. Funding is currently for commitments only on
continuing schemes approved in 1994-95 or before.
There are also several other programmes which can help in the regeneration of deprived areas. These include:
The Special Grants Programme: a small but long standing programme (1997-98 budget £1.3 million) under which grants are given to
voluntary organisations undertaking national projects relevant to the Department's policy objectives in housing and regeneration.
Grant is generally limited to 3 years and to about half of each project's costs, the remainder coming from private and voluntary
sector sources.
Local Investment Fund (LIF): established in 1994 with £1 million grant and £2 million private sector contribution. LIF provides
loans on conventional terms to voluntary organisations for economically viable projects for which conventional finance cannot be
raised (e.g. due to lack of asset base, track record, etc.).
Groundwork: established in 1985 to tackle a range of environmental problems through partnership with the community and the private
sector. DETR provides funding to the Groundwork Foundation and its 41 Trusts in England, Wales and Northern Ireland (£6.675 million
for 1997-98).
Environment Task Force: one of four options available under the New Deal for the young unemployed. It aims to enhance the long term
employment prospects of 18-24 year olds, unemployed and claiming JSA for 6 months or more, through a combination of high quality
work experience and training leading to an approved qualification. The ETF will consist of projects which deliver sustainable
environmental benefits in line with DETR's policies and objectives.
Thames Gateway: a major growth opportunity with strong European connections, reinforced by stations on the Channel Tunnel Rail Link.
Thames Gateway Planning Framework (RPG9a) aims to maximise the area's potential and improve its image through environmental
enhancement and quality development.
Inner City Religious Council: chaired by Ministers, the ICRC provides the main faith communities with a means of working together to
tackle the problems facing inner cities and deprived areas. Its members are drawn from Christian, Hindu, Jewish, Muslim and Sikh
faiths. A review of the work of the ICRC has recently been carried out and its findings are being considered.
Local Authorities
Local authorities have a key role to play as catalysts for the economic development and regeneration of their areas. Under section
33 of the Local Government and Housing Act 1989 authorities have powers to promote the economic development of their area. We intend
to strengthen their role further by placing a duty on local authorities to promote the economic, social and environmental well being
of their area in partnership with other public, private and voluntary organisations, and with local people.
Subjects
Central government; Environment protection; Investment; Grants; Housing improvement; Inner city areas; English Partnerships; Groundwork UK; Local government; Non-departmental public bodies; Voluntary organisations; Young people; Religion; Regional planning and development; Unemployment; Social problems; Regional development agencies; Single regeneration budget; Housing action trusts; Estate Action; Environmental task forces; Inner Cities Religious Council; Local Investment Fund
Date
22 June 1998
Reference
314 c362-5W; 45852
House
House of Commons
What investment in small businesses has resulted since the launch of the local investment fund in 1994; what action has been taken to publicise the existence of the local investment fund; what steps the Government are taking to increase investment in the fund. - Includes figures.
What investment in small businesses has resulted since the launch of the local investment fund in 1994; what action has been taken to publicise the existence of the local investment fund; what steps the Government are taking to increase investment in the fund. - Includes figures.
Asked by
Ken Purchase
(Labour)
Answered by
Paul Beresford
(Conservative)
Answering body
Department of the Environment
Type
Written questions
Status
Answered
For answer on
6 June 1995
Answered on
6 June 1995
Subjects
Central government; Investment; Grants; Publicity; Small businesses; Local Investment Fund
Date
6 June 1995
Reference
261 c111W
House
House of Commons