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Home > News > News Archive > £37 million cash boost for business growth in the North West

£37 million cash boost for business growth in the North West

Published: Fri, 27 Jun 2008 11:46:22

Local Government Minister John Healey confirmed that 43 councils in the North West will receive more than £37 million as a reward for successfully promoting economic growth in their areas. They are among 371 councils sharing almost £300 million

Councils are able to spend this additional funding from the Local Authority Business Growth Incentives scheme (LABGI) as they see fit according to local priorities. It follows a consultation on provisional allocations announced in April.

The good progress that councils have made in encouraging new business growth means we have been able to confirm payments for the third year of this special three year scheme.

Breakdown of finance by local authority:

Cheshire

Congleton £552,528

Ellesmere Port and Neston £158,032

Macclesfield £444,814

Chester £452,424

Crewe and Nantwich £587,970

Halton £5,556

Vale Royal £475,016


Cumbria

South Lakeland £410,697

Barrow-in-Furmess £12,611

Copeland £141,825

Carlisle £531,566

Eden £55,756

Lancashire

Blackburn with Darwen £1,654,137

Blackpool £600,33 8 Burnley £172,775

Chorley £117,323

Fylde £355,821

Hyndburn £37,690

Lancaster £930,538

Pendle £237,930

Ribble Valley £93,824

Rossendale £372,954

South Ribble £292,371

West Lancashire £470,824

Wyre £350,442

Greater Manchester

Bolton £1,203,472

Bury £765,143

Manchester £8,876,044

Oldham £822,053

Rochdale £307,826

Salford £635,432

Stockport £2,387,201

Tameside £1,761,596

Wigan £1,484,801

Merseyside

Knowsley £583,361

Liverpool £2,093,952

Sefton £284,532

St Helens £674,875

Wirral £1,340,940

County Councils

Cheshire £1,497,809

Cumbria £810,153

Lancashire £1,915,679

Total £37,352,393

Allocations of payments announced today are available at: http://www.local.communities.gov.uk/finance/labgi/seconddtmn0708.pdf.


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