Average cost per job through Regional Growth Fund rises to more than £37k
25 February 2014
The cost of creating each job through the government’s Regional Growth Fund is now £37.4k, a 13% rise since the fund was launched in June 2010, according to a report by the National Audit Office (NAO).
Tue, 25 Feb 2014The cost of creating each job through the government’s Regional Growth Fund is now £37.4k, a 13% rise since the fund was launched in June 2010, according to a report by the National Audit Office (NAO).
The NAO finds that only £492m of the £2.6bn allocated to the fund that was set up to boost employment in regional economies actually reached projects on the ground.
The NAO says the number of jobs created or safeguarded has increased by 22,100 since September 2012, bringing the total to 44,400.
However, just under half of the jobs to date were created or safeguarded by only five schemes and the other half were delivered by the remaining 291 operational schemes.
The NAO finds that only £492m of the £2.6bn allocated to the fund that was set up to boost employment in regional economies actually reached projects on the ground.
The NAO says the number of jobs created or safeguarded has increased by 22,100 since September 2012, bringing the total to 44,400.
However, just under half of the jobs to date were created or safeguarded by only five schemes and the other half were delivered by the remaining 291 operational schemes.
