Menu
31/10/2011
Vince Cable Announces £950M For Jobs
The Deputy Prime Minister has announced a Government investment of £950 million to create and safeguard more than 200,000 jobs across England.
The money is the second tranche from the Government’s £1.4 billion Regional Growth Fund (RGF) which will support 119 bids from businesses and local partnerships with projects to expand their operations, create new jobs and attract private investment. Discussions are ongoing with a further 10 bidders about their projects, the Department for Business said on Monday.
Of the 201,000 jobs created or protected, around 37,000 will be directly created jobs, and more than 164,000 will be "in the supply chain".
According to the Depratment for Business, the RGF is designed to encourage enterprise, growth and jobs in the private sector and support areas and communities that are dependent on the public sector.
Deputy Prime Minister Nick Clegg said: "I am delighted to be able to announce this boost to business, which will jump start growth and create jobs that last in the places that really need it.
"This targeted support for businesses across the country allows them to expand and create jobs. It unlocks private sector investment – with at least £5 put in for every £1 of public money. People in the rest of Britain have been let down for far too long by governments in thrall to one Square Mile of it.
Business Secretary Vince Cable said that the Government needed to be doing all it can to enable businesses and organisations to create much needed jobs and inject private investment into the economy.
“This is a very significant boost to local communities, and the Regional Growth Fund will help businesses to drive local growth.”
Meanwhile, Lord Heseltine commended the investment saying he was confident that the projects the Government was supporting would help rebalance the economy and help local areas thrive.
“The Government’s investment of £950 million is supported by nearly £6 billion of private investment, putting businesses firmly in control of their own economic future. The independent panel and I have been impressed by the creativity and innovative nature of these projects, and I look forward to following their progress.”
The successful bids are subject to legal checks before they can be awarded their final allocation of funding. This will establish whether the Government is confident that the organisations can deliver on the proposals in the bid and be agreed through contract. The Government expects the money to start being passed on to the bidders in the spring.
(DW)
The money is the second tranche from the Government’s £1.4 billion Regional Growth Fund (RGF) which will support 119 bids from businesses and local partnerships with projects to expand their operations, create new jobs and attract private investment. Discussions are ongoing with a further 10 bidders about their projects, the Department for Business said on Monday.
Of the 201,000 jobs created or protected, around 37,000 will be directly created jobs, and more than 164,000 will be "in the supply chain".
According to the Depratment for Business, the RGF is designed to encourage enterprise, growth and jobs in the private sector and support areas and communities that are dependent on the public sector.
Deputy Prime Minister Nick Clegg said: "I am delighted to be able to announce this boost to business, which will jump start growth and create jobs that last in the places that really need it.
"This targeted support for businesses across the country allows them to expand and create jobs. It unlocks private sector investment – with at least £5 put in for every £1 of public money. People in the rest of Britain have been let down for far too long by governments in thrall to one Square Mile of it.
Business Secretary Vince Cable said that the Government needed to be doing all it can to enable businesses and organisations to create much needed jobs and inject private investment into the economy.
“This is a very significant boost to local communities, and the Regional Growth Fund will help businesses to drive local growth.”
Meanwhile, Lord Heseltine commended the investment saying he was confident that the projects the Government was supporting would help rebalance the economy and help local areas thrive.
“The Government’s investment of £950 million is supported by nearly £6 billion of private investment, putting businesses firmly in control of their own economic future. The independent panel and I have been impressed by the creativity and innovative nature of these projects, and I look forward to following their progress.”
The successful bids are subject to legal checks before they can be awarded their final allocation of funding. This will establish whether the Government is confident that the organisations can deliver on the proposals in the bid and be agreed through contract. The Government expects the money to start being passed on to the bidders in the spring.
(DW)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
15 June 2010
HIE To Help Innovative Businesses Create Jobs
A £2.4 million project to place 350 fresh academic minds in ambitious businesses across the region is being introduced by Highlands and Islands Enterprise (HIE).
HIE To Help Innovative Businesses Create Jobs
A £2.4 million project to place 350 fresh academic minds in ambitious businesses across the region is being introduced by Highlands and Islands Enterprise (HIE).
06 May 2009
Offshore Company Axes Jobs
Around 150 jobs in Aberdeen and Dundee have been axed after an offshore services company ceased trading. Oceanteam Power and Umbilical has been forced to close when the firm's holding company withdrew its financial support. Staff are based in Aberdeen, at workshops in Dundee and offshore.
Offshore Company Axes Jobs
Around 150 jobs in Aberdeen and Dundee have been axed after an offshore services company ceased trading. Oceanteam Power and Umbilical has been forced to close when the firm's holding company withdrew its financial support. Staff are based in Aberdeen, at workshops in Dundee and offshore.
20 January 2014
NI's Jobs Fund Exceeds Target
Enterprise, Trade and Investment Minister Arlene Foster, has announced that Invest Northern Ireland's Jobs Fund has exceeded its Programme for Government target to create 4,000 jobs by March 2014.
NI's Jobs Fund Exceeds Target
Enterprise, Trade and Investment Minister Arlene Foster, has announced that Invest Northern Ireland's Jobs Fund has exceeded its Programme for Government target to create 4,000 jobs by March 2014.
16 November 2011
Foster Set For Progress, Despite Dole Queue
As the whole of the UK reels from the latest news that 2.6 million people are now out of work, the Stormont Enterprise Minister Arlene Foster has announced further measures to create employment. Commenting after figures were released today showing that the Northern Ireland unemployment rate remained unchanged over the quarter at 7.
Foster Set For Progress, Despite Dole Queue
As the whole of the UK reels from the latest news that 2.6 million people are now out of work, the Stormont Enterprise Minister Arlene Foster has announced further measures to create employment. Commenting after figures were released today showing that the Northern Ireland unemployment rate remained unchanged over the quarter at 7.
21 February 2006
Asda To Create 7,000 Jobs Across The UK
Supermarket giant Asda has announced it is to create 7,000 jobs across the UK this year. Asda plans to open 25 new stores as part of its expansion, and it has also been reported its new style Asda Essentials , a discount chain stocking 95 per cent of its own brands, will open in Northampton in March.
Asda To Create 7,000 Jobs Across The UK
Supermarket giant Asda has announced it is to create 7,000 jobs across the UK this year. Asda plans to open 25 new stores as part of its expansion, and it has also been reported its new style Asda Essentials , a discount chain stocking 95 per cent of its own brands, will open in Northampton in March.
-
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.
