RDA Finance & Governance
The Regional Development Agencies (RDAs) are financed through a Single Budget, a fund which pools money from all the contributing Government Departments (BERR, CLG, DIUS, DEFRA, DCMS and UKTI). BERR is the sponsor Department and
The RDAs’ allocated budgets for 2008–09 are set out below, together with their indicative allocations for 2009–10 and 2010–11:
Total RDA Allocation by Region | £ million | £ million | £ million | Budget per Head (£) | ||
2008-09 | 2009-10 | 2010-11 | 2008-09 | |||
Advantage West Midlands | 279 |
| 275 | 269 |
| 56 |
East of England Development Agency | 132 |
| 130 | 127 |
| 24 |
East Midlands Development Agency | 159 |
| 158 | 154 |
| 38 |
London Development Agency | 390 |
| 385 | 376 |
| 46 |
North West Development Agency | 391 |
| 386 | 377 |
| 57 |
One NorthEast | 248 |
| 244 | 239 |
| 97 |
South East England Development Agency | 160 |
| 158 | 154 |
| 19 |
South West of England Regional Development Agency | 157 |
| 155 | 151 |
| 32 |
Yorkshire Forward | 303 |
| 299 | 292 |
| 59 |
TOTAL [Single Budget] | 2,219 | 2,190 | 2,139 |
In addition to their Single Budget, the RDAs have taken over management of the European Regional Development Fund (ERDF) and the Rural Development Programme for England (RDPE). Both programmes running from 2007 to 2013 and together amount to £9bn. Associated administration costs have been provided by CLG (£6m) and DEFRA (£4m) respectively for 2008-09; these are included in the figures above.
As part of the CSR 2007, the RDAs budgets over the three years were reduced by 2.5% (£320m). In addition, the RDAs identified cash savings of about £350m, which will be funded from value for money savings.
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