Regional Growth Fund

The Government response to the consultation on the Regional Growth Fund

The Regional Growth Fund (RGF) was launched by the Deputy Prime Minister as a £1.4 billion fund to “create the condition for growth and enterprise in the regions by stimulating investment and create sustainable private sector jobs” in order to “unleash the talent and drive that will help the country get back on its feet.” The fund will run over three years, with £1bn available in the first 2 years, with £420m in the third year to ensure strategic management of the fund. Bidding for the first round is now open, and closes on 21 January 2011. Guidance will be published setting out criteria for applications as a project; package of projects; or a programme.
More here