Councils can expect a windfall in the next few days, as a reward for those of them which promoted economic growth in their area.
The money is part of £100 million from the Local Authority Business Growth Incentives Scheme (LABGI), which is intended to help councils respond flexibly to the impact of the downturn on their communities.
Local government minister John Healey, said: Over the last three years, the LABGI scheme has made a real difference to local communities – in these difficult economic times, it has an even more important role to play.
“Different parts of the country will be affected by this downturn in different ways and to different degrees – as these pressures are being felt by families and businesses, councils are best placed to provide real help locally, tailored to local needs, to help people to stay in their homes and their jobs.
“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.”
West Devon, £17,446.85; North Devon, £150,634.84; Torridge, £38,110.54; Mid Devon, £25,497.57; Exeter, £577,266.04; South Hams, £81,107.88; East Devon, £74,030.96; Teignbridge, £101,260.35; Torbay, £74,422.92; Plymouth, £795,732.64; and Devon County Council picks up £580,305.20
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