Menu
02/06/2011
'Business Bid For Share Of £950m'
Lord Heseltine has visited York to promote the second round of the Regional Growth Fund and encourage bidders to compete for a share of £950m.
During his visit Lord Heseltine spoke about the importance of economic growth and the role of the Regional Growth Fund. He then took questions about the process of submitting high-quality bids that offer the potential to create new jobs.
More than 200 businesses and organisations attended the fourth in a series of road shows at the Ron Cooke Hub at the University of York, and more than 1,000 are expected to attend the series of road shows over the next few weeks.
The Regional Growth Fund has been designed to provide support for projects that can drive sustainable economic growth and create new private sector jobs. The fund will also help communities that are currently dependent on the public sector make the transition to private sector-led growth and prosperity.
Lord Heseltine is Chair of the Independent Advisory Panel, which will consider all bids for funding and make recommendations to Ministers, led by Deputy Prime Minister Nick Clegg, about which should be supported. He is supported by Deputy Chair Sir Ian Wrigglesworth and a team of academics, business and civic leaders.
Commenting on the fund, Lord Heseltine said: “The Regional Growth Fund was exceptionally popular in the first round, and we received many bids that demonstrated strategic thinking on how to create jobs and contribute to local economies.
“I hope businesses and public-private partnerships are inspired to think about innovative and creative ways of making a difference to growth and shaping their economic future, and that we will see results of this thinking when we are assessing bids.
“The road shows are an excellent opportunity for potential bidders to find out more information about ensuring bids meet the objectives and criteria. I urge all those interested to ask questions, and get as much out of these events as possible.”
The second round of the Regional Growth Fund closes at midday on July 1. The second round will aim to allocate around £950m – the bulk of the £1.4bn fund.
Ministers announced in April that there were 50 successful bidders from the first round of the Regional Growth Fund. These bidders will share £450m if they pass a process of due diligence.
(BMcN/GK)
During his visit Lord Heseltine spoke about the importance of economic growth and the role of the Regional Growth Fund. He then took questions about the process of submitting high-quality bids that offer the potential to create new jobs.
More than 200 businesses and organisations attended the fourth in a series of road shows at the Ron Cooke Hub at the University of York, and more than 1,000 are expected to attend the series of road shows over the next few weeks.
The Regional Growth Fund has been designed to provide support for projects that can drive sustainable economic growth and create new private sector jobs. The fund will also help communities that are currently dependent on the public sector make the transition to private sector-led growth and prosperity.
Lord Heseltine is Chair of the Independent Advisory Panel, which will consider all bids for funding and make recommendations to Ministers, led by Deputy Prime Minister Nick Clegg, about which should be supported. He is supported by Deputy Chair Sir Ian Wrigglesworth and a team of academics, business and civic leaders.
Commenting on the fund, Lord Heseltine said: “The Regional Growth Fund was exceptionally popular in the first round, and we received many bids that demonstrated strategic thinking on how to create jobs and contribute to local economies.
“I hope businesses and public-private partnerships are inspired to think about innovative and creative ways of making a difference to growth and shaping their economic future, and that we will see results of this thinking when we are assessing bids.
“The road shows are an excellent opportunity for potential bidders to find out more information about ensuring bids meet the objectives and criteria. I urge all those interested to ask questions, and get as much out of these events as possible.”
The second round of the Regional Growth Fund closes at midday on July 1. The second round will aim to allocate around £950m – the bulk of the £1.4bn fund.
Ministers announced in April that there were 50 successful bidders from the first round of the Regional Growth Fund. These bidders will share £450m if they pass a process of due diligence.
(BMcN/GK)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
27 March 2002
BlueChip Technologies complete £1.8m funding round
Belfast-based blueChip Technologies, an award winning market leader in innovative speech recognition and wireless application technology, has announced the completion of a €3 million funding round, and a major alliance with MMO2, formerly BTCellnet.
BlueChip Technologies complete £1.8m funding round
Belfast-based blueChip Technologies, an award winning market leader in innovative speech recognition and wireless application technology, has announced the completion of a €3 million funding round, and a major alliance with MMO2, formerly BTCellnet.
08 April 2013
New Website For Busy Mums Launches
An innovative website for busy Mums who struggle to keep their family healthy within budget or time constraints has been developed and launched with support from Invest Northern Ireland. Siansplan.com is a multi-award winning online meal planner which makes it easier for your family to eat well.
New Website For Busy Mums Launches
An innovative website for busy Mums who struggle to keep their family healthy within budget or time constraints has been developed and launched with support from Invest Northern Ireland. Siansplan.com is a multi-award winning online meal planner which makes it easier for your family to eat well.
05 March 2003
Invest NI capital growth fund launched
Invest NI has launched a £3 million capital growth fund to finance the commercialisation of research and development within universities and small to medium-sized enterprises.
Invest NI capital growth fund launched
Invest NI has launched a £3 million capital growth fund to finance the commercialisation of research and development within universities and small to medium-sized enterprises.
14 November 2017
Think.Do.Be Business Growth Programme Announced
Belfast City Council have announced a new business growth programme aimed at small business and social enterprises with ambitions to grow. The Think.Do.Be.
Think.Do.Be Business Growth Programme Announced
Belfast City Council have announced a new business growth programme aimed at small business and social enterprises with ambitions to grow. The Think.Do.Be.
25 February 2016
Lead2Grow Programme Launched By First Minister
A new programme that will prioritise the development of micro firms in Northern Ireland has been launched by the First Minister, Arlene Foster. The leadership skills programme, 'Lead2Grow', is funded by the UK Commission for Employment and Skills (UKCES).
Lead2Grow Programme Launched By First Minister
A new programme that will prioritise the development of micro firms in Northern Ireland has been launched by the First Minister, Arlene Foster. The leadership skills programme, 'Lead2Grow', is funded by the UK Commission for Employment and Skills (UKCES).
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
