Hacked by Loard Mahdi

Read more...

Breaking news from the BBC Paper tax returns to be replaced by digital by 2020

Read more...

850,000 Penalty notices to be issued by HMRC

Read more...

HSBCs bank in Switzerland raided.

Read more...

HMRC: tougher sanctions for High Risk Tax Schemes.

Read more...

 Contact Us

 
News Items
 
Tax Tips
 
Brilliant with numbers
Great with people
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
 
Helping Your Business is Our Business

Call us now on 023 8083 6900 ABDS Home

News - 6 July 2014

Regions to get £6bn in government funding

 The government has announced £6bn of funding for local governments designed to boost local economies.

 
Lavinia Newman, founder of ABDS comments:
“The money will go towards supporting local businesses, creating jobs, building new houses and local infrastructure improvements. Decisions on where to spend the money will be made by local authorities and businesses. The £6bn is the first instalment of £12bn the coalition is investing in a series of local "Growth Deals".”
 
Prime Minister David Cameron said: "Growth Deals are a crucial part of our long-term plan to secure Britain's future.
 
"For too long our economy has been too London-focused and too centralised. Growth Deals will help change all that. They are about firing up our great cities, towns and counties so they can become powerhouses.”
 
The government says it expects the investment to lead to work on more than 150 roads, 150 housing developments and 20 rail stations, as well as kick-starting super-fast broadband networks.
 
At the end of last month, the opposition Labour party said it would transfer £30bn of funding from central to local government.
 
The decision to invest directly in local economies follows a report by former deputy prime minister Lord Heseltine in 2012 calling for a greater devolution of power from London to the English regions.
 
The report recommended moving £49bn from central government to regional bodies to help local businesses.
 
Largest funding allocations by region
 
  • Greater Manchester £170m
  • London £151m
  • North Eastern £112m
  • Lancashire £84m
  • South East £84m
  • West of England £79m
  • Greater Birmingham and Solihull £63m
  • Heart of the South West £63m
Figures from £2bn, 2015-16 Local Growth Fund
 
If you need any help and advice for your business on Tax, VAT or the implications of Government Funding initiatives, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals  
 
Helping Your Business is Our Business

« Back to News