In his speech to the New Local Government Network last month, Prime Minister Gordon Brown confirmed that the Government would release the last £100m funding through the Local Authority Business Growth Incentives Scheme, helping councils respond flexibly to the impact of the downturn on their communities.
And today, John Healey confirmed the share that councils will get. He said:
"So I am pleased to be able to confirm the share of £100m that councils will get, with no strings attached and extra to the core grant they receive, which will be a real boost to councils' coffers as they provide much-needed support to their communities - particularly in these tough economic times"
The £100m LABGI payment is extra to the Local Government Finance Settlement. Next year - the second in the first-ever three-year settlement - local government will benefit from a 4.2 per cent increase in funding.
The breakdown of funding to councils is published on the Communities and Local Government website from the link below.
