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Cornwall businesses urged to bid for Government funding

By CGHollie  |  Posted: January 19, 2013

Cornwall businesses urged to bid for Government funding

Cornwall businesses urged to bid for Government funding

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BUSINESSES in Cornwall are being urged to bid for Government funding created 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."

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

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