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More than £450m investment for regional jobs and growth

Over 100,000 new jobs will be created and safeguarded under Government plans announced today by the Deputy Prime Minister to invest £450m in businesses across England.

The first round of the Regional Growth Fund (RGF) will see an expanded amount of public investment support 50 bids by companies and partnerships who demonstrated how they would create jobs and a high level of private sector-led sustainable economic growth in their local communities over the coming years.

The Government expects over 27,000 jobs to be directly created and safeguarded, with close to a further 100,000 jobs in associated supply chains and local economies.

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£20m management training fund will help small businesses grow

Skills Minister John Hayes today called on senior leaders in SMEs to take advantage of funding that will support leadership and management training to help them grow their businesses.

Around 13,000 small and medium sized businesses and social enterprises that demonstrate a potential for growth will benefit from the Leadership and Management development grant. This will help stimulate innovation and employment, boosting the economy and helping develop a bigger and more cohesive society.

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