Savings from the European Social Fund's Youth Programme

Meeting: 
MQT on 2014-10-22
Session date: 
October 22, 2014
Reference: 
2014/3610
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor
Category: 

Question

What are your plans for the £1,390,414 of net savings from the European Social Fund's Youth Programme, as referred to in DD1239? Will it be reinvested in the same field?

Answer

Answer for Savings from the European Social Fund's Youth Programme

Answer for Savings from the European Social Fund's Youth Programme

Answered By: 
The Mayor

The funding has not been reallocated to a specific project. As noted in DD1239, the savings will be taken into account during the GLA's annual budget setting process which is currently in progress. Allocation of funding to new or expanded projects and programmes to commence in 2015-16 is considered as part of this process. However, all requests have to be considered within the wider context of the GLA budget and priorities.