SNC Only Gets £32k of £9million hand out

East Midlands councils receive £9million boost as they help communities through the credit crunch

 

Local Government Minister John Healey has today confirmed that councils in the East Midlands will receive more than £9million within the next few days, to be used as they see fit to help meet local needs and priorities – particularly helpful in this difficult economic climate. They are among 360 councils sharing £100million.

 

This extra funding comes from the Local Authority Business Growth Incentives Scheme (LABGI) scheme that has been in operation since 2006, and rewards councils for successfully promoting economic growth in their area.

 

In his speech to the New Local Government Network last month, Prime Minister Gordon Brown confirmed that the Government would release the last £100million funding through the 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. The breakdown of finance for South Northants is: South Northamptonshire £32,271.63

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