Feeds

LibCons bin £2bn of late Labour projects

Leaves axe dangling above another £8.5bn worth

Next gen security for virtualised datacentres

The coalition government has scrapped 12 projects worth £2bn pounds that were agreed during the final months of Labour's rule.

Twelve further projects, worth £8.5bn, have been suspended.

Stonehenge Visitor Centre got the axe, as did a number of projects with a likely IT component including Sheffield steelmaker Forgemasters (an £80m loan to build a world-leading 15,000 tonne press to supply specialist components for the nuclear industry), North Tees and Hartlepool hospital, and local authority initiatives. Funding for the unemployed was also cut.

Among the suspended projects are the Libraries modernisation programme and the Kent Thameside transport programme.

Chief Secretary to the Treasury Danny Alexander said projects that did not fit with the Government's priorities or that did not offer good value for money had been abandoned.

"We are determined to tackle the unprecedented budget deficit and bad financial management we have seen over the past decade, but are equally determined to do this in a way that is fair and responsible,” he said.

You can find Alexander's full statement here. ®

Full list of projects cancelled

Stonehenge Visitor Centre: £25m

Local Authority Leader Boards: £16m

Sheffield Forgemasters International Limited: £80m

Rollout of the Future Jobs Fund: £290m

Six month offer recruitment subsidies: £30m

Extension of Young Person's Guarantee to 2011/12: £450m

Two year Jobseeker's Guarantee: £515m

Active Challenge Routes - Walk England: £2m

County Sports Partnerships: £6m

North Tees and Hartlepool Hospital: £450m

Local Authority Business Growth Initiative: £50m

Outukumpu (steel company): £13m

List of projects suspended

Libraries Modernisation Programme: £12m

Sheffield Retail Quarter: £12m

Kent Thameside Strategic Transport Programme: £23m

University Enterprise Capital Fund: £25m

Newton Scholarships: £25m

Health Research Support Initiative: £73m

Leeds Holt Park Well-being Centre: £50m

Birmingham Magistrates Court: £94m

Successor Deterrent Extension to Concept Phase Long Lead Items: £66m (will be reviewed as part of a broader report into the future of Trident submarines)

Search and Rescue Helicopters: £7bn (will be reviewed as a matter of urgency)

A14 Road: £1.1bn

The essential guide to IT transformation

More from The Register

next story
GCHQ protesters stick it to British spooks ... by drinking urine
Activists told NOT to snap pics of staff at the concrete doughnut
Britain's housing crisis: What are we going to do about it?
Rent control: Better than bombs at destroying housing
What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?
Stop bitching about firearms fees - we need computerisation
Top beak: UK privacy law may be reconsidered because of social media
Rise of Twitter etc creates 'enormous challenges'
Redmond resists order to hand over overseas email
Court wanted peek as related to US investigation
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
NZ Justice Minister scalped as hacker leaks emails
Grab your popcorn: Subterfuge and slur disrupts election run up
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?