Businesses urged to go for growth with share of £200m fund

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.

 

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 or contact Adam Gray in City of York Council’s Economic Development Unit on 01904 551053.

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