Businesses Urged to Bid for a Share of £200 Million

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Businesses in Greater Lincolnshire can bid for a share of £200 million following the launch of round six of the Regional Growth Fund (RGF).

The Greater Lincolnshire Local Enterprise Partnership (LEP) is urging firms to apply for the latest round of the fund which supports projects that use private sector investment to create growth and employment.

Round six remains focused on the private sector and bids will only be accepted from wholly private organisations, such as limited companies and universities, seeking £1 million or more.

“This latest round of funding will provide a welcome boost for our economy and give businesses in Greater Lincolnshire an opportunity to move forward with important investment projects,” said Ruth Carver, Manager of the Greater Lincolnshire LEP.

“The Regional Growth Fund was launched in 2010 and has already supported a number of businesses and organisations in Greater Lincolnshire, including engineering firms Bifrangi and Dynex Semiconductor, the University of Lincoln, the Lincolnshire Chamber of Commerce, North East Lincolnshire Council and Frontier Agriculture.

“The RGF funding we have been awarded to date will deliver more than 1,200 new jobs to our area.”

Deputy Prime Minister Nick Clegg said: “The Regional Growth Fund is a helping hand from Government to create thousands of jobs that last, boost the private sector and rebalance the economy.

“I would encourage any businesses that can generate significant private sector investment and sustainable jobs to bid for a share of the £200 million available from the fund.”

The Government is calling on companies to plan high quality projects that will generate significant private sector investment and sustainable jobs. Businesses will be able to submit their bids until noon on 30th September 2014.

Businesses are encouraged to make contact with Greater Lincolnshire LEP for advice and help with submitting a strong bid. Call Kate Storey at the LEP on 01522 550540 or email enquiries@greaterlincolnshirelep.co.uk.

More advice and information on how to apply can be found on the LEP website: www.greaterlincolnshirelep.co.uk or at https://www.gov.uk/understanding-the-regional-growth-fund