Latest Public Sector News

17.01.13

Fourth round of Regional Growth Fund opens

The next round of the Regional Growth Fund is now open, Deputy Prime Minister Nick Clegg has announced. £350m is available for businesses to bid for.

Run by BIS, the scheme has started 180 projects so far, which have pledged to create or safeguard a total of 500,000 jobs and £13bn private sector investment into the economy.

Clegg said: “The Regional Growth Fund is already proving a shrewd investment by providing a welcome boost to jobs and growth across the country, with thousands of jobs created, businesses expanding into new markets and manufacturing new products. With this next round of funding, I would urge England’s budding businesses to produce top quality bids to access the money that can help them grow. 

“There’ll be stiff competition, and we can only invest in those projects that will lead to sustainable jobs and the best value for money. Boosting jobs and growth is our number one priority for Britain right now. That is why I am so pleased to be opening a fourth round of the Regional Growth Fund which supports growth across a range of industries.”

Business minister Michael Fallon said: “The Regional Growth Fund is playing a pivotal role in supporting business and enterprise. Jobs are being created, money is being invested and the fund is making a difference. This additional round and the improved processes we have put in place will help keep the momentum going.”

Round 4 will be open to applications until March 20.

Tell us what you think – have your say below, or email us directly at opinion@publicsectorexecutive.com

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