Mandelson issues RDA challenge

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The RDAs are making a real difference to the economy, an independent study has found.

The report by PricewaterhouseCoopers has shown that, overall, every pound invested by Regional Development Agencies (RDAs) will generate at least £4.50 for the regional economy. 

Business Secretary Lord Mandelson said:  “The RDAs are working. We have clear evidence that their programmes are helping to drive regional economies – creating jobs, helping businesses and boosting skills. 

“They are on the front line of our response to the global downturn. But their medium and long term interventions and investments are equally important to prepare for the upturn. It will help ensure that we emerge stronger. 

“I think RDAs can do even more. They must relentlessly focus on economic recovery and growth and are ideally placed to help lay down the commercial infrastructure of the 21st Century. 

“I am confident that the RDAs can rise to this challenge. I have asked them to report back to me by the end of May and will be closely following their progress.”