Regional Growth Fund: NAO report

Regional Growth Fund: NAO report

  • Overall the projects selected should deliver jobs more cost-effectively for the taxpayer than the projects not selected.
  • However, value for money was not optimised because a significant proportion of the Fund was allocated to projects that offered relatively few jobs for the public money invested.

IoD response

BBC – Employment scheme may cost up to £200,000 per job

Guardian – £1.4bn regional growth fund not value for money

Cable – The NAO’s report recognises that the Regional Growth Fund is working

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