This underlines the value of the RDAs following an independent study earlier in the year that showed overall, every pound invested by RDAs will generate at least £4.50 for their regional economies.
Rosie Winterton, Minister for Regional Economic Development said:
“These reports show that the Regional Development Agencies are playing a key role at the frontline of our response to the global economic downturn. They have risen to the immediate challenge of the recession with one eye firmly fixed on the future and the upturn.
“They have done this whilst achieving their corporate objectives for 2008/09 and improving the overall economic outlook for their regions. By working with their local and national partners, RDAs are making a real difference."
