East Midlands bids for 43m from RGF round six
Fri, 17th October 2014

East Midlands bids for £43m from RGF round six

A total of 11 bids have been launched for the sixth round of the Regional Growth Fund (RGF) in the East Midlands asking for £43m.

It comes as transport minister Baroness Kramer visited Northampton-based Dalepak to see how it is spending the £1.3m worth of funding from the previous round of the government's flagship fund.

The packing, warehousing and distribution company is creating 150 jobs in the town as part of a £9.5m expansion project for a new dedicated electronic picking, packing and posting service.

Baroness Kramer said: "The government's Regional Growth Fund is helping create thousands of permanent jobs that stimulate private sector investment and rebalance the economy.

"The people of Northampton will benefit significantly. Companies like Dalepak and the people that work there are helping us to build a stronger economy and a fairer society for this generation and the next."

The latest round of bids – round six – guarantees at least a further £200m of funding nationwide, with 11 bids totalling £43m in the East Midlands.

Ministers have visited companies around the country following a meeting of the Local Growth Committee in Stockport chaired by the Deputy Prime Minister Nick Clegg.

category Midlands  |  source Insider Media