Council chiefs are gearing up to bid for a slice of the Government's ￡22.5bn, which has been officially earmarked for regional investment in transport, housing and regeneration, and economic development over the next three years. The money has been set out in the Government's second round of Regional Funding Allocations (RFA), which sets out indicative regional spending until 2011. A Treasury document, entitled Regional funding advice: Guidance on preparing advice, is designed to offer regional development agencies the 'opportunity to advise the Government on their investment priorities'. The total funding earmarked in this new round is worth more than ￡8ybn up to 2019.
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