regional selective assistance

regional selective assistance

see REGIONAL POLICY.

regional selective assistance

an instrument of REGIONAL POLICY used in Britain and the European Union as a means of encouraging new INVESTMENT in ASSISTED AREAS. Regional selective assistance in the form of cash grants is potentially available to all firms undertaking investments in the development and intermediate areas. Such aid, however, is discretionary - ‘selectivity’ requires that the investment project should have a good chance of paying its way, that assistance is vital for the project to go ahead (i.e. without the grant the project could not go ahead at all or only on a smaller scale) and that the project should contribute to both the regional and the national economy. A project grant is based on the fixed capital costs of a project and the number of jobs it is expected to create or safeguard. The amount of grant is negotiated for the minimum necessary for the project to go ahead on the basis proposed, up to a ceiling set by the European Commission of 30% of the project's cost. This is obviously open to manipulation but has been useful in enabling the authorities to attract foreign firms into the UK, for example, the location of the Nissan car assembly plant in Washington, Tyne and Wear. See also ENTERPRISE GRANT SCHEME.
References in periodicals archive ?
In a letter to Lord Wakeham, the Lord Privy Seal, she said there was "now a mismatch between need and resources" and stated that when it came to Regional Selective Assistance (RSA) "Scotland with 9% of unemployment has 31% of expenditure and Wales with 5% of unemployment, 28% of expenditure".
02 Contract Notice (below OJEU threshold): We are looking to establish a framework of suppliers to assist current and potential inward investors to complete large and/or complex applications for award of national grant funding, primarily Regional Selective Assistance (RSA) or other appropriate national funding applications should the need arise.CPV: 66171000, 66171000.
Councillor Allan Graham, convener of enterprise and housing committee at North Lanarkshire Council, told the Advertiser: "We welcome the news about the Regional Selective Assistance (RSA) funding awards to businesses in Lanarkshire.
"The new occupants will also benefit from considerable reliefs for locating in Inverclyde, which is a Tier 2 Scottish Enterprise zone, attracting a potential 30 per cent credit towards capital expenditure through Regional Selective Assistance grants," adds Bowman.
Inverclyde is a Regional Selective Assistance Grant designated area.
This regional selective assistance is linked to Barclays meeting a number of conditions over the coming years, which could see the number of people it employs in Scotland rise to more than 2,000.
This regional selective assistance funding is linked to Barclays meeting a number of conditions over the coming years, which could see the number of people it employs in Scotland rise to more than 2,000.
Finally, 234 jobs at Cambuslang have been safeguarded thanks to a GBP 650,000 Scottish Enterprise Regional Selective Assistance grant.
The Scottish Government supported the expansion plans by offering the company a Regional Selective Assistance grant of pounds 1.4million.
Cobalt's assisted area status meant occupiers could receive aid from the Government's Regional Selective Assistance on capital expenditure of more than pounds 500,000 for safeguarding or creating jobs.
The move will be part-funded by a pounds 4.5million grant from the Scottish Executive's Regional Selective Assistance scheme.
The Assembly gave the company regional selective assistance.

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