Member Article

Yorkshire companies to benefit from Deputy PM’s extra £20.7 million boost

The Deputy Prime Minister Nick Clegg has announced an extra £20.7 million of funding from the Regional Growth Fund for regional companies, including several from Yorkshire that are in the running.

Round 6 bidders in Yorkshire and the Humber include BE Group (programme covering York, North Yorkshire and East Riding), CS WIND UK LIMITED (Hull), Finance Yorkshire Ltd. and Kemira Chemicals UK Ltd (Bradford).

Since the fund was launched in 2010, a total of £280 million has now been invested in 49 projects across Yorkshire and Humberside, which will create or safeguard around 57,000 local jobs and attract around £1.7 billion of further investment from the private sector.

Deputy Prime Minister Nick Clegg said: “After decades of regional economies being neglected I set about investing directly in local businesses via the Regional Growth Fund.

“This investment has allowed regional businesses to be more ambitious than ever before and gone a long way in creating a stronger economy.

“A stronger economy means providing equal opportunity for everyone across the UK, rather than solely relying on the city of London to bolster UK business.

“The success of the RGF is proof that putting money in the hands of local businesses helps them flourish, and creates opportunities for more people to work locally.”

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