Single regeneration budget / regional development agencies single programme
1994: introduced, with successive rounds over the years
2001: announcement that there will be no further rounds - subsumed into the Regional Development Agencies Single Programme
|Key department||DCLG; interdepartmental|
|Key delivery agency||Regional Development Agencies (RDAs)|
The original objectives were to improve employment prospects, address social exclusion, promote sustainable regeneration, protect the environment and infrastructure, and support and promote economic growth.
Under SRB rounds 1-6, 1,000 schemes have been approved worth £5.5 billion in SRB support over their lifetime of up to 7 years.
From March 2001, RDAs were given more flexibility in the development of their strategies within 11 overall targets (which include a reduction of 10 % in the deprivation of those wards that are currently in the bottom 20% of those identified by the Index of Deprivation). As part of this, the various monies for each RDA were pooled.