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The Committee agreed on 25 November 2003 to carry out a cross-cutting review of expenditure on economic development in two phases.
The first phase of the review involved commissioning external research to identify what budgets and what monies support economic development.
The remit for the second phase of the review was:
“to consider whether the level and structure of government spending on economic development in Scotland and its share of overall government spending in the period of devolved government has been appropriate in the light of:
Tribal HCH was appointed by the Scottish Parliament Information Centre (SPICe) on behalf of the Finance Committee of the Scottish Parliament to undertake a study of the level and structure of public spending on economic development in Scotland. The study was carried out by Peter Wood of Tribal HCH. The External research paper was published on the 31 March 2004.
The Committee considered and agreed its final report on this inquiry at its meeting on 15 March 2005. The Committee’s report was published on 18 March 2005.