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Regional Growth Fund Supporting Employers

The third round of the Government Regional Growth Fund will see £1 billion investment to create or safeguard thousands of jobs. The £1 billion is expected to leverage £6 billion of private sector investment through the 130 successful bids announced by Nick Clegg on Friday. £697 million of the fund will go to the private sector including 101 companies. A further £358 million will go to 29 intermediaries such as local authorities and local enterprise partnerships to ensure that funding goes to local growth priorities in parts of the country that need it most.

The regional allocations are as follow (number of projects and value):

East Midlands - 5 - £14 million
East of England/London - 4 - £37 million
Nationwide - 9 - £224 million
North East - 25 - £105 million
North West - 22 - £88 million
South East - 3 - £16 million
South West - 7 - £72 million
West Midlands - 17 - £124 million
Yorkshire and Humber - 11 - £26 million
Local enterprise partnerships - 27 - £344 million

The Government investment will help manufacturing firms, small businesses and local partnerships across England to expand their operations, create new jobs and stimulate growth.

Click here for the press release containing a full list of companies awarded funding.

23 October 2012


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