Is the regional growth fund (still) rubbish?

Overman, H. G.ORCID logo (2012). Is the regional growth fund (still) rubbish?
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Much coverage this morning for the Commons Public Accounts Committee's criticisms of the Regional Growth Fund: 'It's slow to spend money and some of the jobs 'created' come at a high cost per job'. Time for a re-post of something from earlier this year, written in response to similar criticism from the National Audit Office:

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