EEDA - East of England Development Agency

In terms of budget management, net cash expenditure was within £0.1 million of the grant-in-aid allocation awarded to the Agency by the DBERR. The non-cash allocation, however, far exceeded EEDA's requirement and was underspent by £5.5 million. These results were in-line with forecasts provided to the department throughout the year. The Performance Dashboard achievement target of being within one per cent of the budget allocation was therefore met for cash expenditure. This reflects the further improvements made in financial management systems and processes within the last 12 months.

For more details of our outputs by programme click here.

As in previous years, EEDA has in nearly all areas exceeded its output targets. The only exception to this is that in respect of the target for businesses created. However, even this output figure of 1,480 is well above the lower point of the target range.

This was the third year since collecting data on certain outputs became a new requirement (employment support, business supported new collaborations in knowledge base, and basic and level 2 skills) and since significant changes in the definitions of leverage and skills. Targets for 2007/08 therefore were set with more experience from which to provide a definitive benchmark.

It is also pertinent to recognise that securing outputs, although these are important, real and quantifiable, is only part of EEDA’s contribution to the success of the region. Strategic added value gained from the influencing and strategic advisory roles is also vital, with the end result being a contribution to RES goals and outcomes for the region.