Menu
24/05/2011
Business Encouraged To Bid For Share Of Funding
Sir Ian Wrigglesworth has visited a road show in Dudley, Staffordshire to promote the second round of the Regional Growth Fund and encourage bidders to compete for a share of £950m.
Sir Ian spoke about the importance of economic growth and the role of the Regional Growth Fund and took questions about the process of submitting high-quality bids that offer the potential to create new jobs.
More than 150 businesses and organisations are expected to attend the third in a series of road shows at the Copthorne Hotel 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; and particularly help communities that are currently dependent on the public sector make the transition to private sector-led growth and prosperity.
Sir Ian is the deputy 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. Lord Heseltine is the chair of the panel, which consists of a team of academics, business and civic leaders.
Sir Ian Wrigglesworth said: “The aim of the fund is to support the vision of businesses, entrepreneurs and private-public partnerships to create new jobs and economic growth in their area.
“I hope the attendees at this road show have been inspired to think strategically about how the fund can support growth in their community and take advantage of this opportunity to help shape the economic future.”
The second round of the Regional Growth Fund opened to bids on April 12 and will close 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)
Sir Ian spoke about the importance of economic growth and the role of the Regional Growth Fund and took questions about the process of submitting high-quality bids that offer the potential to create new jobs.
More than 150 businesses and organisations are expected to attend the third in a series of road shows at the Copthorne Hotel 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; and particularly help communities that are currently dependent on the public sector make the transition to private sector-led growth and prosperity.
Sir Ian is the deputy 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. Lord Heseltine is the chair of the panel, which consists of a team of academics, business and civic leaders.
Sir Ian Wrigglesworth said: “The aim of the fund is to support the vision of businesses, entrepreneurs and private-public partnerships to create new jobs and economic growth in their area.
“I hope the attendees at this road show have been inspired to think strategically about how the fund can support growth in their community and take advantage of this opportunity to help shape the economic future.”
The second round of the Regional Growth Fund opened to bids on April 12 and will close 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)
Related UK National News Stories
Click here for the latest headlines.
30 October 2015
Monitor Launches Investigation Into Trust's £12.6m Deficit
Health sector regulator Monitor has opened an investigation at Doncaster and Bassetlaw Hospitals over its financial deficit of £12.6 million. The organisation is concerned that the trust may record a large loss for 2015/16 rather than the £2.2m surplus it had previously predicted.
Monitor Launches Investigation Into Trust's £12.6m Deficit
Health sector regulator Monitor has opened an investigation at Doncaster and Bassetlaw Hospitals over its financial deficit of £12.6 million. The organisation is concerned that the trust may record a large loss for 2015/16 rather than the £2.2m surplus it had previously predicted.
16 May 2013
NAO "Unclear" On Benefits of HS2 Project
With an estimated funding gap of £3.3bn, the National Audit Office (NAO) has warned that the economic benefits of the HS2 high-speed rail project are unclear. According to the BBC a report from the NAO highlights its “reservations” about growth and jobs being created by the proposed high-speed rail link.
NAO "Unclear" On Benefits of HS2 Project
With an estimated funding gap of £3.3bn, the National Audit Office (NAO) has warned that the economic benefits of the HS2 high-speed rail project are unclear. According to the BBC a report from the NAO highlights its “reservations” about growth and jobs being created by the proposed high-speed rail link.
06 December 2011
£1bn Regional Growth Boost Announced
The UK's £1 billion boost to the Regional Growth Fund announced in the Chancellor’s Autumn Statement last week is expected to enable the fund to support around half a million jobs in total. Deputy Prime Minister Nick Clegg will visit the North West today where he will set out further details on the boost to fund, which will now be £2.
£1bn Regional Growth Boost Announced
The UK's £1 billion boost to the Regional Growth Fund announced in the Chancellor’s Autumn Statement last week is expected to enable the fund to support around half a million jobs in total. Deputy Prime Minister Nick Clegg will visit the North West today where he will set out further details on the boost to fund, which will now be £2.
31 October 2011
Clegg 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.
Clegg 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.
26 January 2011
Bidding Round For Regional Growth Fund Closes
The Department for Business, Innovation and Skills has received nearly 450 bids in the first round of the Regional Growth Fund. The fund is designed to encourage enterprise, growth and jobs in the private sector and support regions that are dependent on the public sector.
Bidding Round For Regional Growth Fund Closes
The Department for Business, Innovation and Skills has received nearly 450 bids in the first round of the Regional Growth Fund. The fund is designed to encourage enterprise, growth and jobs in the private sector and support regions that are dependent on the public sector.
-
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.
