Yorkshire bids for 68m from RGF
Thu, 16th October 2014

Yorkshire bids for £68m from RGF

Companies in Yorkshire are seeking almost £70m of funding from the sixth round of the government's flagship economic stimulus the Regional Growth Fund.

The latest round closed at the end of September and 14 bids have now been received from the region for £68m of support.

Nationally, 174 bids seeking £800m of cash have been made.

Round six is open to private sector bidders looking for £1m or more and has £200m of investment available to businesses.

This news came as justice minister Simon Hughes visited Harvard Engineering to see progress first-hand of the company's £22m expansion project at its site in Wakefield.

Harvard Engineering, which designs and manufactures lighting products, was awarded £2.7m through the RGF.

The investment is enabling the business to bring 306 new jobs to Wakefield in a four year period from October 2013 and has safeguarded a further 50 jobs.

category Yorkshire  |  source Insider Media