National Audit Office - Department for Communities and Local Government - Department for Business, Innovation and Skills: Funding and Structures for Local Economic Growth - HC 542
National Audit Office - Department for Communities and Local Government - Department for Business, Innovation and Skills: Funding and Structures for Local Economic Growth - HC 542

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2013-12-06

Total Pages: 48

ISBN-13: 9780102987225

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In 2010, the Government set out a new approach for local economic growth, in the White Paper Local growth: realising every place's potential. This involved the closure of the Regional Development Agencies and their replacement with new local growth organizations and funds, such as Local Enterprise Partnerships and the Regional Growth Fund. Three years on from this initial announcement, the new Local Enterprise Partnerships and Enterprise Zones are taking shape. However, Local Enterprise Partnerships are making progress at different rates. The Growing Places Fund, Enterprise Zones and the Regional Growth Fund have also been slow to create jobs and face a significant challenge to produce the number of jobs expected. The estimate of jobs to be created by Enterprise Zones by 2015 has dropped from 54,000 to between 6,000 and 18,000. There is also no plan to measure outcomes or evaluate performance comparably across the range of different local growth programmes. Departments cannot therefore show value for money across the programme of local growth initiatives or be sure about where to direct their resources. The new local programmes were not established in time to avoid a significant dip in local growth funds and jobs created. Direct central government spending on local economic growth through the initiatives fell from £1,461 million in 2010-11 to £273 million in 2012-13, but will rise to £1,714 million in 2014-15. Central government needs to plan such reorganizations more effectively, to ensure that sufficient capacity is in place both centrally and locally to oversee initiatives and that accountability is clear

Democratic Republic of the Congo
Democratic Republic of the Congo

Author: International Monetary Fund. African Dept.

Publisher: International Monetary Fund

Published: 2013-07-23

Total Pages: 122

ISBN-13: 1484312872

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This Poverty Reduction Strategy Paper on the Democratic Republic of Congo discusses economic policies and development. The macroeconomic and budget framework has been developed to take into account the effects of sectoral policies to maintain macroeconomic stability, a necessary condition for laying the foundation of economic growth and poverty reduction. It is based on the profile of public spending, the assessment of costs for achieving the Millennium Development Goals by 2020, and the sector-based economic growth theories taking into account the uncertainties of the international environment and the real potential of the Congolese economy. It is found that it allows for a realistic programming of public spending while highlighting the main budgetary choices proposed by the government.

UK Aid
UK Aid

Author: Great Britain: H.M. Treasury

Publisher:

Published: 2015-11-24

Total Pages: 24

ISBN-13: 9780101887892

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The Government recognises that aid spending has sometimes been controversial at home because people want to know that it is squarely in the UK's national interest. Recent crises have proved, though, why aid is so important for us as well as for the countries we assist. The 2015 Spending Review is therefore being used to fundamentally review how this budget is spent. Spending will be shaped according to four strategic objectives. The strategy sets out how, as a result of the new approach, we will: allocate 50% of all DFID's spending to fragile states and regions; increase aid spending for the Syrian crisis and the related region; end all traditional general budget support - so we can better target spending; use an expanded cross-government Conflict, Stability and Security Fund (CSSF) to underpin our security objectives by supporting the international work of the National Security Council (NSC); create a £500 million ODA crisis reserve to allow still greater flexibility to respond to emerging crises such as the displacement of Syrian refugees; fund a new £1 billion commitment to global public health (the "Ross Fund") which will fund work to tackle the most dangerous infectious diseases, including malaria. The fund will also support work to fight diseases of epidemic potential, such as Ebola, neglected tropical diseases, and drug resistant infections; and use a new cross-government Prosperity Fund, led by the NSC, to drive forward our aim of promoting global prosperity.

Measuring Expenditure on Health-related R&D
Measuring Expenditure on Health-related R&D

Author: OECD

Publisher: OECD Publishing

Published: 2001-05-18

Total Pages: 212

ISBN-13: 9264192921

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Science and technology improves human health but the pressure for faster and larger improvements is building with the continued ageing of the population. A fundamental starting point is the measurement of R&D in health care. This book addresses measurement practices across ten countries.

Accountability in Public Policy Partnerships
Accountability in Public Policy Partnerships

Author: J. Steets

Publisher: Springer

Published: 2010-10-13

Total Pages: 260

ISBN-13: 0230290612

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A PDF version of this book is available for free in open access via the OAPEN Library platform, www.oapen.org. This book presents a new model of accountability which ensures that public-private partnerships don't erode public accountability. It defines concrete accountability standards for different types of partnerships.

The Regional Growth Fund
The Regional Growth Fund

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2012-05-11

Total Pages: 40

ISBN-13: 9780102977097

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This report on the government fund to support private sector jobs and growth in places that rely on the public sector, the Regional Growth Fund, finds that the initial £1.4 billion investment could result in some 41,000 more full-time-equivalent private sector jobs in the economy than without the Fund. However, there was scope to have generated more jobs relative to the amount of grant awarded. The Fund has not optimised value for money because a significant proportion of the funds were allocated to projects that offer relatively few jobs for the money invested. The report concludes that applying tighter controls over the value for money offered by individual bids and then allocating funding across more bidding rounds could have created thousands more jobs from the same resources. Rigorous evaluation will be required to quantify precisely the Fund's overall employment impact. More than two thirds (28,000) of the 41,000 additional jobs are expected to be delivered indirectly, for example through knock-on effects in companies' supply chains or the wider economy. The average project will last at least seven years. However, it is not clear how much of the Fund's boost to the private sector will be sustained in the longer term. It has also taken longer than expected to turn conditional offers of grants for projects into final offers. Therefore, despite the government's intention to get projects up and running quickly, only around a third have so far received final offers of funding