Millions of pounds to boost regions wasted

MILLIONS OF pounds are being wasted on bureaucracy in funds aimed at boosting local economies, new research has found.

The study commissioned by the Local Government Association (LGA) shows £23bn of growth funding is spread across as many as 70 schemes and managed by 22 different government departments and agencies.

The LGA which represents more than 370 councils in England and Wales, is calling on the Government to reform this ‘inefficient and outdated’ system that channels funding for local growth through scores of separate pots and instead devolve money to local councils and businesses directly through a single investment fund.

Read on… http://www.yorkshirepost.co.uk/news/millions-of-pounds-to-boost-regions-wasted-1-8308670

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One thought on “Millions of pounds to boost regions wasted

  1. Pingback: The Week That Was – Last Weeks Top Ten 31st December 2016 | Rotherham Politics

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