Tag Archives: regional growth fund

Nick Clegg’s Letter from the Leader: “The Lib Dem vision for future economic growth and prosperity”

The Lib Dem leadership — as I noted here yesterday — is determined to get on the front foot on the economy. This autumn will see a leadership-proposed motion backing further capital investment (“within the fiscal envelope”) while retaining the commitment to deficit reduction. Nick’s letter this week is coordinated with that message, and in particular the importance for growth throughout the regions of the UK. Here’s what he has to say…

libdem letter from nick clegg

On Thursday I visited the Toyota and Rolls Royce factories in Derbyshire to announce the

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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 …

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Vince Cable talks about helping regions

From the Guardian:

The business secretary, Vince Cable, has highlighted the serious disparities between different parts of the country in economic performance and job prospects.

He was speaking at a conference designed to boost local enterprise partnerships, the government’s chosen vehicle for regional business growth.

Cable said: “There are worryingly high disparities between economic performance and employment prospects in different parts of the UK, and those areas that become highly dependent on the public sector face particularly difficult challenges.”

Liberal Democrat ministers have often talked of the need to ensure that all parts of the UK benefit …

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Opinion: Making MORE in Britain with the Regional Growth Fund

Nick Clegg and Vince Cable at a factory 2 - Some rights reserved by Liberal DemocratsThe Spring Conference will debate the motion on creating a strong manufacturing sector in a strong economy. In Vince Cable, the coalition government has a powerful voice for manufacturing. Significant progress is being made in building a more resilient, diverse and balanced economy. Lib Dems are also becoming confident in charting an interventionist industrial strategy that avoids the twin failures of laissez faire and state support for ailing companies – the two positions characterised by historic Conservative and Labour thinking.

The Conference motion says that government funds made available through the Regional Growth Fund (RGF) has led to the creation and/or safeguarding of over 550,000 jobs

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Ian Swales MP writes: 12 CUTS Labour don’t talk about

The Labour party think they can win the economic argument by just wailing about cuts on behalf of their public sector union paymasters. They give no credible alternatives for what they would do about Britain’s economic crisis.

What they also like to ignore is some of the changes that are being made towards making this country fairer. Here is a list of cuts WE should be talking about because they are mostly happening through Lib Dem action and pressure.

  • The CUT from £250,000 to £50,000 in the maximum annual pension contribution to receive tax relief – clawing back a staggering £4,000,000,000 (£4bn) that Labour was giving to the rich.
  • The

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Opinion: troubling times in the jobs market

Despite uncertainty over the statistics (don’t worry, this isn’t a post about p-values and standard deviations), we can say with some confidence (say, 95%) that the UK jobs market remains in a volatile state with many people out of work or underemployed. With public sector jobs being shed rapidly as a result of austerity measures, and the private sector unable or unwilling to create more jobs than it sheds due to falling demand (going against Chancellor George Osborne’s  expectations), the net result is a devastating lack of work for millions of people, …

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Opinion: Do Banks Rule the World?

Last week many of us may have witnessed the sickening spectacle of watching a city trader declaring that Goldman Sachs rules the world… among other insights, such as how he lays awake at night fantasising about another economic depression.

If money rules the world, then surely whoever rules the world controls the money supply?

Many of us would, therefore, assume that the Bank of England creates money and regulates its supply to the economy, thereby controlling inflation and interest rates. However, whenever we look to finance a house, car, business project, etc, we invariably turn to the banks (in the …

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LDVideo: Nick Clegg visits Sheffield Forgemasters, launches £950m regional growth fund

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