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Businesses urged to bid for Government funding

By CGHollie  |  Posted: January 22, 2013

Cornwall businesses urged to bid for Government funding

Cornwall businesses urged to bid for Government funding

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BUSINESSES  in mid Cornwall are being urged to bid for Government funding to support growth and safeguard jobs – and the deadline clock is ticking.

The Regional Growth Fund will see £350million worth of investment injected across the country's business  sector.

It has already created or safeguarded 28,000 jobs in the South West and Deputy Prime Minister Nick Clegg has now announced a new round of bids.

Round four of the Regional Growth Fund (RGF) will close to applications at noon on March 20 and Liberal Democrat MP for Newquay and St Austell, Stephen Gilbert, is calling on businesses in mid Cornwall to bid for the funding.

He said the RGF has already made a "real difference" in the county.

"The Regional Growth Fund is an important part of the Liberal Democrat efforts in the Coalition Government to build a stronger economy in a fairer society," he said.

"It has already delivered £7million used for loans up to £50,000 to small and medium businesses .  We also saw essential investment in superfast broadband, transport, land remediation, innovation and research facilities.

"I will be working with business in mid Cornwall to ensure we get the best out of the Regional Growth Fund and create sustainable jobs now and in the future."

Mr Clegg added that the RGF was already proving a "shrewd" investment, adding: "There'll be stiff competition, and we can only invest in those projects that will lead to sustainable jobs and the best value  for money."

The Regional Growth Fund is a £2.6 billion fund operating across England from 2011 to 2016 and for every pound of government money, the private sector is putting in six pounds.

The Regional Growth Fund has already helped 180 projects get started. This has helped economic growth and has leveraged more than £13 billion of private sector investment, creating or safeguard more than 500,000 jobs.

For more information on how to apply please visit www.gov.uk/understanding-the-regional-growth-fund

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