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Cuts - And So It Begins

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Comments

  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Pennywise wrote: »
    No wonder they've shelved it.

    £180m for just 180 jobs is ridiculous.

    The last time I was involved with getting government funding for business development, we were looking at having to employ an additional permanent full time member of staff for just £30k of government grant - i.e. if we wanted £300k of grant, we had to put 10 bodies onto the payroll AND spend half the grant on plant & machinery - that was through the regional development funds.

    Give small/medium businesses the £180m instead and you'll get a thousand or more jobs created as a minimum.

    It was an £80 million loan
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ILW wrote: »
    If there was a good chance of it being commercially viable, they should be able to borrow the money anyway.

    Are you Joe King? have you not heard? the banks are a tiny bit Scottish with their cash (I meant our cash) at the moment.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    mbga9pgf wrote: »
    BEcuase its northern and full of labour voters :T


    Edit:
    Hang on, isnt nick cleggs constituency sheffield?
    I really don't think the last government had much of an idea what these non-SE areas would do employment wise; to replace traditional industries. It's not clear if the current administration knows either.

    Unless there is a large pool of Investment bankers / Lawyers / Venture Capitalists / Economists sat there dormant in Sheffield , Liverpool, Newcastle, Manchester, Leeds etc etc what are the local populace going to do?
  • ultrawomble
    ultrawomble Posts: 492 Forumite
    kabayiri wrote: »
    what are the local populace going to do?

    Sign on perhaps?
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    And so it begins ~ the long road to a successful economy run by a government who know what they are doing.

    Not before time.
    If I don't reply to your post,
    you're probably on my ignore list.
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    kabayiri wrote: »
    I really don't think the last government had much of an idea what these non-SE areas would do employment wise; to replace traditional industries. It's not clear if the current administration knows either.

    Unless there is a large pool of Investment bankers / Lawyers / Venture Capitalists / Economists sat there dormant in Sheffield , Liverpool, Newcastle, Manchester, Leeds etc etc what are the local populace going to do?

    Do what I did. Dissociate from an unproductive part of the country and move. The fact there is nothing to do up there is not the governments, not the taxpayers problem.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    doire wrote: »
    Rollout of the Future Jobs Fund: £290mA fund to support job creation for young people who were long-term unemployed which aimed to create 150,000 jobs.

    sounds ludicrously aspirational. if that investment to jobs ratio was achievable we'd be in full employment.

    i expect the govt identified that the £290m investment was not likely to create anything like that number of jobs and axed it.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    mbga9pgf wrote: »
    Do what I did. Dissociate from an unproductive part of the country and move. The fact there is nothing to do up there is not the governments, not the taxpayers problem.
    There are productive companies up here. The client I currently work for is winning business and may win more when the new government has to change things.

    There aren't volume employers though, sufficient to replace the loss of core employers.

    Ooops, correction. The public sector was that volume employer. Something like 1 in every 2 jobs in the NE can be linked to the public sector. Lucky we don't have to cut back in that area :eek:
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Thrugelmir wrote: »
    Tourism, one industry that could really be beneficial in the coming years. ;)


    Its expensive to walk round those rocks you know. The area already has a high density of NT attractions (Just down the 303 is Stourhead, the most visited NT garden of all...so I'm told), Longleat, is not far from the north of the New Forest. Toursm is indeed a thriving industry here, and needs to be recognised as such, but ...the point is that stone henge already has a huge take, and thats for it being as it is...buildings would blight it. Tourism works here by being spread about, instead of going to something like Disneyworld for a week they go for a day to stone henge and salisbury, a day to bath, a day to Longleat...etc etc..... the money is spread.

    Its also on the major artery to the south of the south west region (those of us for who the M4 is too high) and is in an area fragile for road building, though talks about 303 widening on various stretches rumble on. Fridays and sunday evenings are pretty wretched.

    The biggest thing Stonehenge has is tht is remains relatively unblighted by buildings. Driving past it is wonderful, especially at dawn or dusk, or in bad weather, and the talks about a tunnel were interesting, and despite the loss to my personal enjoyment of a regular drive past it, I think it might not have been a bad thing for tourism....if horrifically expensive.
  • Pete111 wrote: »
    Maybe not Mr or Mrs Average - but Jobseeking Druid Helicopter pilots with a penchant for Hillwalking will be badly hit by this ...

    You rang? :D
    Set your goals high, and don't stop till you get there.
    Bo Jackson
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