Member Article

York firms urged to bid for share of £200 million new RGF funding

A new round of the Government’s Regional Growth Fund has opened for businesses across the country, and firms in York have until 30 September 2014 to bid for a share of the £200 million cash pot.

The fund has already helped over 220 projects get started across the country, creating and safeguarding jobs in a diverse range of industries from life sciences to motor vehicle manufacture.

James Alexander, leader of the Council said “This is a great opportunity for local businesses to access funding to help develop their businesses and secure jobs and growth.

“The Regional Growth Fund is all about giving companies the confidence to invest, hire and grow.

“I would encourage firms in York to come forward and apply to this round of funding either directly, or through partnership arrangements. Cities across the country have seen huge projects funded by the fund and its time York saw similar investment.”

The Regional Growth Fund supports firms of all sizes to expand, through investment in premises or cutting edge technology and equipment which will lead to long term job creation.

The minimum grant is £1 million, but firms can apply as part of City or region-wide ‘partnership bids’ with other interested parties.

Round 6 of the Regional Growth Fund will close to applications on 30 September 2014, with successful bidders announced a few months later. Successful bids will need to demonstrate the potential for creating long-term, private-sector led economic growth and employment, and also evidence a significant private sector matched funding contribution.

For further information, or for help with the application process businesses can visit https://www.gov.uk/understanding-the-regional-growth-fund#round-6-now-open-for-bids.

This was posted in Bdaily's Members' News section by Clare Burnett .