TY Prime Minister Nick Clegg yesterday announced the latest projects that will get funding from the government’s regional growth fund, identifying 119 programmes across the UK that will receive some of the £950m available.
Clegg said that the funds would create or safeguard more than 200,000 jobs across the UK, either through direct job creation or by supporting the supply chain of companies that made successful bids.
“I am delighted to be able to announce this boost to business, which will jump-start growth and create jobs that last in the places that really need it,” Clegg said.
The successful projects tendered their bids for the government’s second funding round in early July. The fund is designed to support private sector investment in areas traditionally reliant on public sector employment, to shift focus towards new areas for growth.