Regional Development Agency

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Regional Development Agency (RDA)

a government body responsible for pursuing policies to achieve a combination of economic, social and environmental improvements in the regions of the UK (see REGIONAL POLICY). There are currently nine RDAs in England (North West, North East, Yorkshire and the Humber, West Midlands, East Midlands, East, South East, London and the South West) and one each covering Scotland, Wales and Northern Ireland. RDAs work closely with the local authorities and local businesses in their areas to foster industrial regeneration and expansion.

See SMALL BUSINESS SCHEME, BUSINESS LINK, DEPARTMENT OF TRADE AND INDUSTRY.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

Regional Development Agency (RDA)

a government body responsible for pursuing policies to achieve a combination of economic, social and environmental improvements in the regions of the UK. There are currently nine RDAs in England (North West, North East, Yorkshire and the Humber, West Midlands, East Midlands, East, South East, London and South West) and one each covering Scotland, Wales and Northern Ireland. RDAs work closely with the local authorities and local businesses in their areas to foster industrial regeneration and expansion. See REGIONAL POLICY, ASSISTED AREA, GREENFIELD LOCATION, BROWNFIELD LOCATION.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Beth Farhat, pictured, secretary for the Northern TUC, blamed the Government's scrapping of Regional Development Agencies for the North East's current employment plight.
The coalition has caused controversy for its decision to axe existing regional development agencies (RDAs) like One North East.
The Public Bill Committee member said: "The Government are making a big mistake in scrapping the Regional Development Agencies which were created to support local businesses and promote regional economic growth.
Ministers also plan to transfer investment funds operated by regional development agencies to a Government-owned venture capital business called Capital for Enterprise.
The Ricoh stadium, he says, is an example of how a Labour government had invested to boost private sector jobs through the regional development agencies, now being scrapped by the coalition.
Regional development agencies are currently under review.
But it added: "The Government, for its part, must ensure that regional development agencies have sufficient resources to carry out their remit."
Technology that could save the offshore wind industry millions, but was knocked back by national research bodies, is to be developed after receiving funding from regional development agencies in the North of England.
THE Post Office, local councils and regional development agencies should be allowed to provide loans for small firms.
In January, Mr Prisk courted controversy by criticising the performance of the Northwest Regional Development Agency and eight other regional development agencies.
The report, compiled by think-tank Catalyst, says "hidden unemployment" in disadvantaged areas accounts for a quarter of incapacity benefit claims - or more than a million people Report co-author John Grieve Smith believes regional development agencies are failing to get people back to work in the poorest areas.

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