LABGI

Acronym	Definition
LABGI	Local Authority Business Growth Incentives (UK)

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Middlesbrough Council has received more than pounds 2m in LABGI grants since the scheme was set up.

Blow as support fund scrapped

"As the pounds 50 million from the LABGI scheme is 'unringfenced', according to the Department for Communities and Local Government, councils should use this money to pay for hardship business rate relief for struggling business," said the forum's rates adviser Andrew Bacon, of LeaseholdersUnited.

Councils urged to think small

"This money helps all councils put money into their local economies to help build the upturn.'' The pounds 161,000 for Northumberland is part of a new, pounds 50m national LABGI programme.

MP welcomes extra money to help firms beat slump

The pounds 50m takes total spending under the LABGI scheme - designed to reward councils that achieve business growth - to more than pounds 1bn over the last five years.

pounds 2m helping hand for region's communities

The LABGI proposal is set out in a detailed financial report by council officers.

Black Country News: pounds 1.6m boost for troubled centre; WEST BROMWICH: Arts complex now on course to open by target date

The LABGI scheme allows local authorities to keep part of their business rates to fund schemes which encourage economic growth.

Cash injection for tourist spots

"LABGI provides substantial rewards for authorities who encourage business growth.

City is behind rivals in payout

In this short article I concentrate on the Government's LABGI scheme, and suggest how it could be turned into something of lasting benefit.

Smarter growth and the reform of the business rate: Nicholas Falk suggests ways in which the Local Authority Business Growth Incentive scheme could be turned into something that would have lasting beneficial impact on the shape and condition of our towns and cities

Andrew Bacon, of LeaseholdersUnited, rates adviser for The Forum of Private Business, said: "As the funds from the LABGI scheme is 'un-ringfenced' the councils should use this money to pay for hardship business rate relief for struggling business."

We get share in pounds 1.8m pot

LABGI is a three year, pounds 1bn fund that began in 2006.

Region punished for low business growth; Manchester wins millions more than Liverpool - and Halton gets just pounds 700

A total up to pounds 1bn is available for LABGI in England and Wales, with pounds 100m of this potentially up for grabs in the future.

pounds 27m boost will help push North businesses

Funding for the projects comes from the Government's LABGI (Local Authority Business Growth Incentive) initiative.