Michael Fallon
Main Page: Michael Fallon (Conservative - Sevenoaks)(10 years, 8 months ago)
Written StatementsRead Full debate Read Hansard Text
The Minister of State, Department for Business, Innovation and Skills (Michael Fallon)
Today my right hon. Friend the Deputy Prime Minister will announce that 50 projects and programmes have been awarded a total of £300 million in round 5 of the regional growth fund (RGF).
This support will help an increasing number of companies to invest in long-term job creation in communities where the need is greatest, and bring in £1.9 billion in private investment. I am publishing a list of all 50 projects and programmes that have been selected for support in round 5 at annex A.
In the June 2013 spending round allocation, announced by the Chancellor of the Exchequer, the Government announced a further £600 million to be available for bids in rounds 5 and 6 of the RGF, bringing the fund total to £3.2 billion. Of this £600 million, £100 million was passed to the local growth fund which will support local enterprise partnership (LEP) initiatives from 2015-16. The remaining £500 million is available to fund rounds 5 and 6. The application window for round 5 ran from October to December 2013 and the fund appraised 129 bids seeking a total of £650 million. Unlike previous rounds, following the creation of the local growth fund for LEPs, round 5 was only open to private sector-led bids.
Since the start of the RGF over £1.5 billion has been made available to SMEs in England through RGF-supported programmes. Further details on how the RGF helps support SMEs can be found here:
https://www.gov.uk/regional-growth-fund-a-guide-for-small-and-medium-enterprises-smes
Round 6 of the RGF will continue to help secure private sector investment and job creation when it opens to bids in the summer of 2014.
Annex A—list of selected bidders in round 5
East Midlands
Dalepak Ltd
Lincolnshire Chamber of Commerce and Industry
University of Derby
East of England
Hayward Tyler Ltd (HTL)
Millbrook Proving Ground Ltd
Nationwide
Avanti Communications Group plc
Close Brothers Ltd
Compass Business Finance Ltd
Finance For Industry Ltd
The Royal Bank of Scotland Group plc
North East
Cleveland Potash Ltd (CPL)
Cummins Ltd
Fine Industries Ltd
Gestamp Tallent Ltd
Huntsman Polyurethanes (UK) Ltd
Hydram Engineering Ltd
JDR Cable Systems Ltd
Johnson Matthey Davy Technologies Ltd (JM Davy)
Let’s Grow
Tinsley Special Products Ltd
TRW Systems Ltd
North West
Absynth Biologies Ltd
Glen Dimplex Home Appliances Ltd
GT Energy UK Ltd
Nice-Pak International Ltd
North West Logistics Ltd (“NWL”)
Redx Pharma Ltd
Unilever UK Central Resources Ltd
South East and London
Elekta Ltd
Farnborough International Ltd (FIL)
KEWS Kent Woodland Employment Scheme
South West
Becton Dickinson UK Ltd
Cornwall Marine Network Ltd
Dyson Technology Ltd
Fine Tubes Ltd
Gooch and Housego (Torquay) Ltd
North Devon+
SPP Pumps Ltd
West Midlands
Aston Martin Lagonda Ltd
Bournville College/Trinity Mirror Midands
HydraForce Hydraulics Ltd
Maier UK Ltd
MTCE Ltd
Sense and Sense International
Sertec
Staffordshire Chambers of Commerce
Yorkshire and the Humber
Anglia Metal Ltd
Really Useful Products Ltd
Reckitt Benckiser (Brands)
Ltd UK Steel Enterprise Ltd