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Government Announces Opening of New Regional Growth Fund for England

29/10/2010

The Coalition Agreement has committed the Government to create a Regional Growth Fund (RGF) to help create a fairer and more balanced economy where we are not so dependent on a narrow range of economic sectors, and where new business and economic opportunities are more evenly shared between regions and industries.

The RGF is a discretionary £1.4 billion fund that will operate for 3 years between 2011 and 2014 to achieve its 2 main objectives of:

• stimulating enterprise by providing support for projects and programmes with significant potential for creating long-term private sector led economic growth and employment, and
• helping those areas and communities that are currently dependent on the public sector make the transition to sustainable private sector-led growth and prosperity.

Further details on the New Regional Growth Fund are available in the partners area of the site

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