£1bn for Regional Growth Fund, Clegg

Deputy Prime Minister Nick Clegg has announced how a flagship government scheme is to spend £1 billion in a bid to boost economic growth in England.

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

Planned to safeguard or develop 240k jobs and working in parallel with the new Local Enterprise Partnerships, the Regional Growth Fund will operate across England from 2011 to 2015, providing support for private sector and public/private projects that offer significant potential for sustainable economic growth and job creation.

The allocation of £1 billion to the latest round of Regional Growth Fund spending was announced by Chancellor George Osborne in the 2011 Autumn Statement.

Sc: HMG BIS; j4b

If you would like more information on this topic please complete the comment box below or email me martin.parry@mgba.co.uk


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