South West Regional Development Agency

The South West of England Regional Development Agency (SWRDA) was one of the nine Regional Development Agencies set up by the United Kingdom government in 1999. Its purpose was to lead the development of a sustainable economy in South West England, investing to unlock the region's business potential. It was abolished along with all the other RDAs on 31 March 2012, with some of its functions being replaced by local enterprise partnerships.

The SWRDA covered the following areas:

The head office was in Exeter with other offices in Bristol, Plymouth and Truro.

Each of England's RDAs was required to work with partners in the region to draw together a Regional Economic Strategy. This document set out for the whole region how the RDA's statutory objectives would be met and the region developed. These strategies were owned by the whole region, not just the RDA. They provided the context for other economic development and regeneration activity in the region and provided government departments with a framework that set out the direction that policies in the South West should support.

The SWRDA's plans were aligned with three strategic objectives:

The SWRDA invested in and supported over 5,800 economic development projects, large and small, across the region during its lifetime. Significant examples include:

Figures published in 2010 showed that the SWRDA’s work had:

In 2010/11 the SWRDA invested £239 million (its largest spend in a single year) in initiatives across South West England from its own funds and from the European Regional Development Fund (ERDF) and the Rural Development Programme for England (RDPE), in all benefiting over 500 live projects.

SWRDA managed delivery of the RDPE grant initiative through extensive partnership working, and the formation of a dedicated network of contracted county based project facilitators and business advisors.

The SWRDA had an annual budget of around £160 million and spent almost £2 million opening offices as far away as Australia and China, and had offices or representatives in five international cities. SWRDA admitted in 2008 that it had spent £1,871,829 on international offices and staff since 2005 - these include Boston in the US, Tokyo in Japan, Shenzhen in China, Melbourne in Australia and Mumbai in India. In the 2007–8 financial year, SWRDA also started an operation in Mumbai, which contributed to a total spend of £555,880.43. In March 2008 former Bristol Lord Mayor Peter Abraham criticised the SWRDA for these actions, saying that it should be more publicly accountable.

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