Yorkshire Forward Confirms Budget Cuts of £40million

30/06/2010

Yorkshire Forward’s Chair, Terry Hodgkinson, has responded to the confirmation by Vince Cable, Secretary of State for Business Innovation and Skills, that the Regional Development Agency, will make cuts of £40.27million, in this financial year.

 “As a Network England’s Regional Development Agencies were asked to find £270 million of cuts to their projects and programmes as part of the £6.2 billion reduction in public spending for 2010/11 announced by the Chancellor in May. 
 
 “The Secretary of State has now confirmed that Yorkshire Forward is to make cut’s of £40.27million from its budget of £270million, within this financial year.
 
He added: “We will continue to talk with partners as to where the reductions will need to take place and how individual projects will be affected. This will involve both delaying work, and stopping some schemes and initiatives altogether.  In some cases, where funds have already been committed, we will need to investigate existing contractual commitments. We will look to minimise the impact on our partners through this difficult period.”

Yorkshire Forward is now working with partners across Yorkshire and Humber to ensure that the proposed outline cuts put forward to Government are discussed and agreed over the coming weeks.

More information

For further information or to arrange an interview with Yorkshire Forward, please contact Leona Thompson, Senior Press Manager on 0113 3949589 or email Leona.thompson@yorkshire-forward.com