Nick Clegg announces £500 million to create jobs across England

From Sky News:

More than 100 companies and projects in England are to receive cash from a £506m Government pot to boost jobs and fuel business expansion.

Deputy Prime Minister Nick Clegg said the successful Regional Growth Fund (RGF) bids would help secure £2.8bn of private sector investment and create or safeguard 77,000 jobs.

It is the latest round of awards made under the £2.6bn scheme designed to create sustainable employment and rebalance the economy.

And you can see where the 102 areas are on this handy map created by the party’s A Million Jobs campaign which shows the new projects and previous coalition initiatives.

Nick said on a visit to the Toyota factory in Derbyshire:

There are more people in work today than ever before – since 2010 we have helped create 1.3 million jobs in the private sector. That’s what the Regional Growth Fund is all about – and I’m extremely proud to have found extra money to invest in projects across the country that have plans for the future and want to recruit local talent that will make their businesses better.

The Regional Growth Fund is exactly what this country needs to go for growth – from family-run Cartwright Group in Manchester who are now expanding to create 300 jobs and train up to 30 apprentices every year for the next three years, to Toyota who will use the money to help increase their ability to develop and produce new generations of Toyota cars right here in the UK, securing jobs and creating opportunities for the future.

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  • Alex Harvey 11th Jul '13 - 9:13pm

    Yay! Economy solved, you guys.

  • Better than nothing, but isn’t this just a sticking plaster for the underlying problems of our regional economies i.e. poor skills and infrastructure plus an unsupportive/downright destructive financial sector? Also the fact that we keep on selling off our regional champions to foreign owners.

    I’m not sure that we should really be in the business of handing money to foreign companies anyway.

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