Regional Growth Fund

Regional Growth Fund Explained in Government Roadshow

Small businesses seeking development funding can find out how to make a successful bid for investment under the Government’s Regional Growth Fund (RGF), following the launch of a series of nationwide road shows. The £1.4 billion Regional Growth Fund, launched last year, will provide backing for struggling businesses that can demonstrate that their survival will create jobs and promote growth in their region. The first round of investment provided £450 million of investment to companies and partnerships across England, creating 100,000 new jobs. The second round of funding opened for bids in April and will close on 1 July. The road shows, run by the Department for Business, Innovation and Skills (BIS) will advise small firms on the bidding process and to encourage them to come f... »

Regional Growth Fund: 2nd Round Bidding

Small businesses looking for development funding can pitch for support, following the launch of the second round of bidding for the Government’s Regional Growth Fund (The first round of bidding opened in December 2010) The £1.4 billion Regional Growth Fund, launched last year, will provide backing for struggling businesses that can demonstrate that “their survival will create jobs and promote growth in their region”. The first round of investment provided £450 million of investment to companies and partnerships across England, creating 100,000 new jobs. The second round of funding has now opened for bids. Businesses have until 1st July to apply. Commenting on the first round of funding, business secretary Vince Cable said: “The Regional Growth Fund is a competitive fund and we wanted to se... »

Regional Growth Fund Opens for Small Business Bids

Small businesses in need of development funding can pitch for support, following the launch of the first round of bidding for the Government’s Regional Growth Fund. The £1.4 billion Regional Growth Fund, announced in the Budget, will provide funding for struggling businesses that can demonstrate that ‘their survival will create jobs and promote growth in their region’. The fund is aiming to support small firms in areas worst hit by the Government cuts. The Department for Business, Innovation and Skills (BIS) has launched a series of road shows across the UK to advise small businesses on the bidding process and to encourage them to come forward with proposals. Future dates for road shows include the 13th December in the east of England (location to be confirmed) and the 21st Dec... »

Local Enterprise Partnerships to be shaped by Real business people

SMEs and business groups are to play a key leadership role in shaping the formation of Local Enterprise Partnerships (LEPs), the Government has announced. Earlier this year, the Government announced that the nine current Regional Development Agencies (RDAs) will be replaced with a new business support structure — LEPs — saying it wanted to bring local councils and businesses closer together in order to boost enterprise and create jobs. The Department of Communities and Local Government has now unveiled that regional chambers of commerce and other small business groups will work with local councils to help tackle planning issues, improve infrastructure, support small businesses and promote employment projects. Communities Secretary, Eric Pickles, said that the British Chambers of Commerce a... »

Regional Growth Fund and Local Enterprise Partnerships

Deputy Prime Minister Nick Clegg today launched a £1 billion Regional Growth Fund to help areas and communities at risk of being particularly affected by public spending cuts. The fund, which will operate in 2011/2012 and 2012/2013 will help areas most dependent on public sector employment as the country makes the transition to private sector-led growth and prosperity. Both private bodies and public-private partnerships will be able to bid for funding by demonstrating that their proposal will bring in private investment and support sustainable increases in private sector jobs and growth in their area. Speaking in Bradford after the first Coalition Cabinet meeting outside of London today, Nick Clegg said: "While we sort out the nation’s finances we can also help to foster a thriv... »