Member Article

73 companies benefit from Regional Growth Fund in North West

The Regional Growth Fund (RGF) established by the Deputy Prime Minister has now supported 8,000 companies through 400 projects and programmes across the UK and this has included 73 companies within the North West.

The Fund has created and safeguarded 100,000 jobs and distributed more than £1 billion across the country.

The selected bids for RGF Round Six will be unveiled in 2015.

The RGF has supported companies across multiple sectors to boost manufacturing and engineering industries and encourage job creation outside of London.

One such project was a laboratory developing new drugs for cancer and resistant bacteria in Cheshire, another was a Liverpool food wholesalers.

Deputy Prime Minister Nick Clegg said: “It is great news that the Regional Growth Fund has now reached the landmark of supporting its 8,000th company.

“This innovative fund is helping companies to invest, expand and to create sustainable jobs in the local community.

“Rebalancing the economy and boosting regional growth has been a top priority for me in Government.

“It is a key part of building a stronger economy and fairer society.

“The success of the Regional Growth Fund is a shining example of how government can help regional businesses realise their own goals and plan for a prosperous future.”

This was posted in Bdaily's Members' News section by Sophia Taha .