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The Government’s Local Authority Business Growth Incentive (LABGI) scheme has awarded Bracknell Forest Council over £100,000 for regeneration projects. Actual projects are yet to be allocated but according to a Council Finance spokesman, the money will go towards town centre projects. The cash will come from business rates and is a reward for local councils who foster and promote business growth. However, the £106,000 to be awarded is less than the £700,000 Bracknell Council has received over the past few years. But surely the reduction will mean the council must be wiser in what the money is actually spend on and it must ensure the public receives value for money?

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