Invest In Our Success, Says South East (21 February 2006)
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Government must invest more in the South East to make sure we maintain our successful economy and good quality of life. Advice to Government from the South East England Regional Assembly and the South East England Development Agency (SEEDA) argues that the region needs more money to create a new infrastructure fund that will support essential improvements such as better transport, more schools and hospitals. Government asked for advice on how to spend regional budgets for economic development, transport and housing (1). The South East’s combined budget for these three areas in 2006-7 is £685 million (around 1.5% of total public spending in the region). An extra 10% a year for the next 10 years would help set up the infrastructure fund, supplemented by income from a new planning development levy being proposed by Government (2). Key spending priorities for the region are transport improvements to help regenerate the region’s coast, more affordable homes and improving skills to bring 250,000 non-workers back into the job market. Cllr Keith Mitchell, Chairman of the Assembly, said: “As the country’s economic powerhouse, the South East’s success is critical not just to our own quality of life, but to quality of life in the rest of the country. It is our goal to ensure the region continues to prosper but we can only do that with more investment. The South East contributed a net £11 billion to the Treasury last year and more of that money needs to be invested back in the region both through regional and national spending to ensure we provide the services that we all need to meet that goal.” James E. Brathwaite CBE, Chairman of SEEDA, said: “The South East faces three particular challenges: global competitiveness; ’smart’ growth to achieve prosperity through increased productivity and employability; and hard choices to deliver environmental sustainability – recognising that in our region quality of life is a competitive advantage. It is clear that the global economy is changing faster than ever and we need to develop new pathways to sustainable prosperity, but these require investment in the infrastructure of successful economies – transport, housing, skills – the new connectivity of the knowledge age. There is no comfort zone for the South East economy - investment must be found for funding and delivering infrastructure matching the speed with which the emerging economies of China and India are creating new and exciting futures for their people.” ContactsLesley van Dijk, Assembly PR Executive - 01483 555223 Heather Bolton, Assembly Communications Director - 01483 555220 Debbie Catt, SEEDA Director of Corporate Relations - 01483 484231 Notes to editors:(1) Regional Funding. Government asked all eight English regions to provide spending advice through the ‘Regional Funding Allocations’ process. Each region has been given indicative funding levels through to 2016. The South East’s advice to Government is available on our Regional Funding Allocations page. (2) Planning development levy. Government has proposed a ‘Planning Gain Supplement’. This would be a levy on developers to help fund infrastructure needed to support new homes. The Assembly has given a cautious welcome to the levy The South East England Regional Assembly
The South East England Development Agency SEEDA is the Government funded agency responsible for the sustainable economic development and regeneration of the South East of England - the driving force of the UK's economy. Our aim is to create a prosperous, dynamic and inspirational region by helping businesses compete more effectively, training a highly skilled workforce, supporting and enabling our communities while safeguarding our natural resources and cherishing our rich cultural heritage. Last updated: 21 August 2007 |



