East of England bids for 46m from RGF
Fri, 17th October 2014

East of England bids for £46m from RGF

Businesses across the East of England are seeking £46m from the latest round of the Regional Growth Fund (RGF), government statistics have revealed.

A total of 13 applications were submitted to the fund from companies across the region seeking capital to support projects, expansion and job creation.

The bids total £46m, the fifth highest of any English region.

The West Midlands is aiming to secure the highest amount of funding with 28 applications totalling £113m.

Across England, 174 applications were lodged seeking a total of £817m.

The RGF is a £3.2bn fund designed to help companies create jobs between now and the mid-2020s. Payment of the cash is spread between 2011 and 2017.

category Central and East  |  source Insider Media