Government withholds Cambridge funds

April 13, 2007 9:00 AM

David Howarth, Lib Dem MP for Cambridge, has today demanded that the Government return £700,000 owed to Cambridge.

The city had been awarded over £2,000,000 of Local Authority Business Growth Incentive (LABGI) funding for supporting businesses in Cambridge. However, the Government is holding back nearly £700,000 of this grant.

Mr. Howarth commented:

"We want our money back. The Government is wrong to hold back almost £700,000 which could be used to invest in Cambridge's future. The LABGI funding is due to Cambridge because of the significant business growth in the city.

David Howarth MP

David has questioned the Government about the effect this will have on Cambridge

"Cambridge is undergoing great growth in population and far too often the Government fails to take into account the additional costs of growth. By holding back the proceeds from business growth the Government will make it much more difficult for Cambridge to pay for the costs of growth."

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