Where does the economic development funding come from?
Overall, investment is anticipated to be around £400 million over ten years, with the majority of this coming from the private sector. In the initial phase, however, significant investment has been made by the government to start the programme. This public money comprises: • £38 million from the South East England Development Agency, later supplemented by a further £19M • £15 million from English Partnerships for Hastings Millennium Community • £3.5 million from the Higher Education Funding Council for England for the University Centre Hastings • £10 million from other public sources, mainly the EU.
Overall, investment is anticipated to be around £400 million over ten years, with the majority of this coming from the private sector. In the initial phase, however, significant investment has been made by the government to start the programme. This public money comprises: • £38 million from the South East England Development Agency, later supplemented by a further £19M • £15 million from English Partnerships for Hastings Millennium Community • £3.5 million from the Higher Education Funding Council for England for the University Centre Hastings • £10 million from other public sources, mainly the EU.
Related Questions
- Why are lottery proceeds limited to college scholarships when so many other programs need funding, such as health care, economic development and roads?
- Has the NDA resulted in project funding that promotes sustainable economic development in the North?
- How do I contact my Regional Development Agency about the new socio economic funding?
