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BBC News - Communities First regeneration cash 'was diverted'

An unpublished report into a community regeneration scheme makes "disturbing reading," says a Welsh Assembly Government minister.

Carl Sargeant told AMs an audit report on Plas Madoc Communities First in Wrexham identifies "serious weaknesses in financial control and governance."

The social justice minister said public funds had been "diverted" from the purpose of the programme.

But he dismissed speculation about ending funding of the whole scheme.

However, he said his department would require additional assurance from Communities First partnerships that their financial management and governance arrangements were robust before committing further substantial funding.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Mar 16th, 2010 at 04:01:03 PM EST
[ Parent ]
Communities First partnerships consisted of private "partners" putting public money in their pockets? My definition of "Public-Private Partnerships, or PPPs is: "A means of putting public money in private pockets."

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 16th, 2010 at 08:52:15 PM EST
[ Parent ]


"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Wed Mar 17th, 2010 at 06:55:01 AM EST
[ Parent ]

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