Today (Friday, 11 October) the Government has announced an additional (Round 5) allocation of Regional Growth Funding accessible to businesses in the UK. The Regional Growth Fund (RGF) is a £3.2 billion fund operating across England from 2011 to 2017. It supports projects and programmes that lever private sector investment to create economic growth and sustainable employment.
Robert Hough, Chair of Liverpool LEP welcomed the announcement:
“Liverpool City Region businesses have an excellent track record in bidding for RGF and I would encourage local businesses to apply for this next pot of money.
“As the LEP we have supported many RGF bids across the region and we have secured £10 million of RGF Round 3. This programme, to support business growth, is now fully up and running with a strong pipeline of projects which will unlock private sector investment and create employment in the City Region. Terms are currently being finalised for an additional £5 million from Round 4 which will allow smaller projects to be supported across the City Region.”
The minimum threshold for Round 5 applications is £1million and submissions have to be submitted by December 9th, 2013. Details can be found at https://www.gov.uk/understanding-the-regional-growth-fund.
Allocations are made by Government on a competitive basis. The LEP is not involved directly in the decision making process but can offer advice and support to potential applicants. Please contact your Relationship Manager if you require further details.
For further information on RGF please contact Mike Palin on 0151 237 3899 or email mike.palin@LiverpoolLEP.org.