Supplementary memorandum by Advantage
West Midlands (ERF 16(a))
I refer to your letter dated 11 March 2002 requesting
additional information following on from the Select Committee
that I attended last week. Outlined below is the necessary information
that will hopefully clarify the matter.
1. From 2002-03 onwards the individual programme
allocations will be replaced by Single Pot Funding. Consequently,
there will be no separate budget for Land and Property in two
2. However, the forecasts below are our
current forecasts of expenditure on Land and Property projects
for 2002-03 and 2003-04:
|Developing projects*||£47.0 million
3. You should note that not all developing projects will
come to fruition.
4. Our current forecasts are higher than those contained
in the Corporate Plan; this is the result of movement on the programme
since the plan was submitted.