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The truths they don't want you to read....

Wednesday, May 25, 2011

Local economic development

A report to the Council on 1 June indicates just what the impac of the cuts agenda is going to be.

According to the report, there has been a cut of £40m in the economic support budget, and the perception that all the new initiatives are simply the recycling of existing cash into new launches of not so new ideas.

As the report acknowledges, future land buy-outs are going to be more difficult, never mind the day-to-day business of supporting and developing businesses in this area.

As the report summarises:
25. The Committee therefore recommends that the Scottish Government considers what more it can do to enable businesses to access investment capital, without further reducing the resources available to the enterprise agencies to meet their existing responsibilities.

I think that this probably understates the likely impact, and is a shape of cuts to come.  Most unavoidable, but most unacknowledged in the 2010 or 2011 elections.

1 comment:

Anonymous said...

Accountancy Law No 1
"The large print giveth and the small print taketh away"