OPENNESS and accountability are among the core themes of the annual report just published by the South East England Development Agency (SEEDA), which marks the successful completion of the agency's first 18 months of operations.

The report looks back at SEEDA's progress since it became fully operational in April 1999, as one of the nine Regional Development Agencies (RDAs) created by the government to promote economic development and regeneration in the English regions.

The results of SEEDA projects to further economic growth across the South East of England, promote business efficiency and competitiveness, raise skill levels and promote "social inclusion" - ensuring opportunities and meaningful employment for all - are detailed and measured in the report.

SEEDA's role as a catalyst for sustainable development is highlighted, and the report shows how the agency "adds value" to the region through the wide variety of projects and investments which it manages or coordinates.

Outlining SEEDA's main achievements in 1999/2000, the report pinpoints:

*Creation of the Regional Economic Strategy for the South East, based on consultation with more than 20,000 organisations and individuals

*Skills Action Plan - to identify and address key skills shortfalls

*"Aftercare" for the region's strategically important companies

*Projects to create new business and job opportunities in rural areas

*Urban regeneration schemes across the region.

The report notes the expansion of government-backed regeneration schemes since SEEDA was launched. Chief executive Anthony Dunnett said: "This past year has witnessed a step change in physical regeneration, with SEEDA delivering a programme valued at £28 million - an increase of 180 per cent on the year before. Historically, government had not recognised the need and levels of physical deprivation in the South East."

In 1999/2000, the report notes, SEEDA grew from five staff and a budget of £544,000 to an organisation of 103 staff and a budget of £80 million.