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This NAO report looks at the regeneration of English regions (HCP 214, session 2009-10, ISBN 9780102963229). The NAO states that The Regional Development Agencies' physical regeneration programmes have helped to generate additional regional wealth. However, because of Agency weaknesses in identifying the projects which would maximise regional economic growth, the National Audit Office is unable to conclude the Agencies have secured as much benefit as they should have. Since 1999, the eight RDAs outside of London have spent £5 billion on physical regeneration programmes. For every pound of RDA spending on physical regeneration, an estimated £2.80 is secured from elsewhere, including £1.81 from the private sector. Independent evaluation suggests they have generated Gross Value Added of £3.30 for every £1 spent. Many of these projects will not realize their full benefits for many years and there is potential for a return over the lifetime of the projects of £8 for every £1 spent. However, the National Audit Office has reported that RDAs, because of weaknesses in project appraisal and evaluation might not have identified and backed the most effective projects for generating regional wealth. During the economic downturn, approximately 15 per cent of physical regeneration projects involving the private sector have stalled or slowed because developers are struggling to get finance or because of concerns over future yields.
This title was first published in 2000. Providing an introduction to contemporary regional economic development issues, this book analyzes whether the Regional Development Agencies (ROAs) have the organizational capacities to cope with complex business and economic development challenges.
Regional Development Agencies and the Local Democracy, Economic Development and Construction Bill : Fourth Report of Session 2008-2009
Across Europe, regional development agencies (RDAs) have become a central feature of regional policy, both as innovative policy-makers and as the implementers of programmes and initiatives originating from the national or European level. By drawing on a combination of conceptual reflection, surveys, comparative research, and systematic use of critical case studies, this book provides a new point of reference by identifying key features of the current, and, indeed next, generation of regionally-based economic development organisations.
Nine Regional Development Agencies (RDAs) were launched in 1999 to drive economic development and regeneration in their respective regions in England. Initially, they were dependent on discrete funding streams from several Central Government departments. Due to changes in funding arrangements introduced in 2002, RDAs now have greater autonomy to determine their own spending priorities, although they have to meet a range of performance targets overseen by the DTI. The Committee's report focuses on the business support activities of RDAs, and findings include that both the RDAs and the Government are still coming to terms with the changes in roles and funding relationship. RDAs can play a valuable role in developing their regional economies and helping businesses located there, but in order to do this they need greater control and authority in terms of strategic implementation. Even if this is achieved, expectations must remain realistic, given that the policies that most affect businesses are determined at national, rather than regional, level.
This title was first published in 2000: This volume addresses the prominent role given to institution-building, institutional change and governance in the regional development strategies and policies. The establishment of the Scottish Parliament, Welsh and Northern Ireland Assemblies, and the arrival of regional development agencies in England highlighted the need to put the initiatives into some context, drawing on experience from across Europe on the critical factors in the determination of the potential and success of regions. Central to the discussions presented here by a group of European experts are the question of governance - how does an ongoing process of institution-building affect the ways in which regions and localities are governed, including questions of democracy, participation, regional self-determination, public-private partnerships, networks and accountability; and the consequences of new modes of governance and institutional change for regional development strategies and policies, particularly in the context of large-scale industrial restructuring and city-region and urban regeneration.
Throughout the developed world governments have invested substantial sums in local and regional economic development. Many have spent heavily on local development agencies and strategies to bolster competitiveness within world markets. What has been the impact of these actions? How effective are the strategies and processes employed by development agencies? How well funded are development efforts in one nation compared to another, and how are their objectives defined? This book addresses these questions. It: · explores the impact and functioning of economic development agencies; · makes a unique contribution to the emerging literature on economic development agencies by reporting on the results of a cross-national survey of economic development practitioners; · compares the 'institutional architectures' of economic development in Australia, England, the United States and Northern Ireland; · analyses how these institutional arrangements affect individual agencies and their regions. This book is intended for a wide audience including economic development practitioners, local government officers, officials within national or state governments and academics. It provides the reader with a greater appreciation of how local and regional economic development systems operate in different economies and aids understanding of what makes the economic development system in each nation unique. It challenges ideas about the uniformity of economic development efforts and encourages practitioners and policy makers to experiment with and explore strategies used elsewhere.
Regional Development Agencies (RDAs) were established in April 1999 as non-departmental public bodies. Their remit is to promote the economic well-being of the English regions and to further the goals of sustainable development and social inclusion.This report explores the interface between the regional agenda for RDAs and the local delivery of area-based regeneration. The study is based on interviews with those involved in RDAs at senior, board and executive levels, and provides analysis of the regional strategies of the eight existing RDAs.Regional agencies and area-based regeneration looks at:new forms of governance developed alongside the implementation of the RDAs;communication and consultation with regional stakeholders;the development and implementation of regional strategies;the role of RDAs in managing local regeneration;the complexities, contradictions and positive possibilities that devolution provides for regional development. ·[vbTab][vbTab]Regional agencies and area-based regeneration is essential reading for policy makers and those working in RDAs, urban regeneration partnerships, communities involved in urban regeneration and national and local government, as well as anyone with an interest in area regeneration strategies and practice.
First published in 1970, Regional Economic Development: The Federal Role examines the economic viability of depressed areas and regions. This book questions whether there is adequate justification, on national economic grounds, for Federal involvement with distressed area revitalisation and looks at the main guidelines for intervention in relation to typology of distressed areas. This title is an ideal resource for students interested in politics, macroeconomics, and federal policies concerning the revitalisation of distressed areas and economies.