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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Tories: 96pct of Strategic Investment Fund spent in Labour-held seats

Posted on 06 January 2010

From Regen.net: The Tories have accused ministers of using two Government investment funds designed to boost industry and small businesses as election fighting funds after figures revealed that the vast majority of money spent had gone to projects in Labour seats.
According to the figures obtained by the Conservative Party, £488 million out of the £511 million spent to date through the £750 million Strategic Investment Fund (SIF) – or around 96 per cent - has gone to projects in Labour-held seats…………………………………….Full Article: Source

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