North-East business benefits from RGF

Selected projects and programmes for the fourth round of the Government’s Regional Growth Fund (RGF) were revealed last week by the Deputy Prime Minister, Nick Clegg.

Mr Clegg announced that 102 companies and projects that applied for funding have been successful, following the most competitive round of the fund so far.

The companies, including 10 in the North East, will take a share of a £506million pot of funding to attract significant private-sector investment and create thousands of jobs across the country.

The half-a-billion pounds of investment will help to rebalance the economy by supporting these 102 different projects and programmes from all sectors, small businesses and local partnerships across England.

Mr Clegg said: “There are more people in work today than ever before – since 2010 we have helped create 1.3 million jobs in the private sector. That’s what the Regional Growth Fund is all about – and I’m extremely proud to have found extra money to invest in projects across the country that have plans for the future and want to recruit local talent that will make their businesses better.