Government has urged companies across the country to apply for a share of a £350m cash pot, as the deadline for the fourth round of the Regional Growth Fund approaches.
Building on the success of the first three rounds, the fourth round of the fund will continue to support high quality projects and programmes that generate private sector investment and create sustainable jobs.
Since the Regional Growth Fund opened in May 2010, supported a wealth of projects across a variety of diverse industries and sectors to help rebalance the economy and boost economic growth.
The first three rounds of the Regional Growth Fund saw £326m awarded to 59 projects within the automotive sector including companies. Aston Martin, Bentley, Calsonic Kansei, Lotus, Nissan, Universal Engineering and Zytec are just some of the vehicle manufacturers and automotive supply chain companies that have been successful in previous rounds of the Regional Growth Fund.
Deputy Prime Minister Nick Clegg MP said, “Up and down the country, the Regional Growth Fund is investing in companies that can create jobs and attract substantial match-funding from the private sector. For every pound of government money, the private sector is putting in six pounds.
“This is £350m up for grabs for companies and projects in every region of England to grow. I want more businesses in the region to win money, lever private sector investment and achieve their ambitions.”
The fourth round of the Regional Growth Fund will close to applications on 20 March at noon. Click through to find out more about submitting an application.
The Regional Growth Fund has already held five regional expression of interest events since the fourth round opened in January to offer guidance and support to firms who are interested in applying. The last two events will be in Nottingham on 25 February and London on the 4 March.
