Communities and Local Government
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Local government
Local Authority Business Growth Incentives (LABGI) scheme
The Local Authority Business Growth Incentives (LABGI) scheme gives local authorities a financial incentive to encourage local business growth by rewarding qualifying business growth with a non-ringfenced grant.LABGI operated over three years, from 2005-06 to 2007-08 and the Government distributed over £934m to local authorities in England. It did not operate in 2008-09, but is expected to do so in 2009-10 and 2010-11.
The Government has consulted on substantial changes to the scheme aiming to make it more transparent and predictable; and to encourage cooperation on economic development at a sub-regional level. It has undertaken to make reward payments as early as possible in 2009-10, once details of the reformed scheme have been settled.
In this section
Related publications
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Building better incentives for local economic growth: reforms to the Local Authority Business Growth Incentives scheme
- Published: 9 October 2007
- Site: Local government
Archived content
- LABGI 1, (Years 1, 2 and 3 (external link)
- Pre LAGBI 1 Information (external link)
