Regional Growth Fund: Round 2 announcement
Through the Regional Growth Fund the Government has invested £950 million to help create and safeguard more than 200,000 jobs across England.
The second round of the Government’s £1.4 billion Regional Growth Fund (RGF) will support 119 bids from businesses and local partnerships with projects to:
- expand their operations
- create new jobs
- attract private investment
Of the 201,000 jobs created or protected, around 37,000 will be directly created jobs, and more than 164,000 will be in the supply chain. The Government investment will support nearly £6 billion of private investment secured by the successful projects.
Deputy Prime Minister Nick Clegg said:
I am delighted to be able to announce this boost to business, which will jump start growth and create jobs that last in the places that really need it.
“This targeted support for businesses across the country allows them to expand and create jobs.
“It unlocks private sector investment – with at least £5 put in for every £1 of public money.
“The first pot of Regional Growth Fund money is already making a difference across the country – helping to rebalance our economy so that every region and sector benefits.”
Click here to see the 119 successful bids by region
Click here for more information on the Regional Growth Fund
Website: Cabinet Office
Source: http://www.dpm.cabinetoffice.gov.uk/news/950-million-government-investment-local-economies
