Extra £1bn to boost jobs in manufacturing and beyond

An extra £1bn has been made available to the Regional Growth Fund (RGF), taking the total amount available to firms looking to create new jobs to £2.4bn.
Thurs, 23 Feb 2012
An extra £1bn has been made available to the Regional Growth Fund (RGF), taking the total amount available to firms looking to create new jobs to £2.4bn.

The manufacturing industry is a particular target of the fund, as evidenced by previous awards and resultant job creation, as reported on recruiter.co.uk.As well as providing a boost for recruiters as new companies – which can be from any sector – create jobs, a spokesperson for co-ordinating agency the Department for Business, Innovation and Skills (BIS) tells Recruiter that recruitment agencies themselves are eligible to apply for money, as long as they are in some way innovative and aim to add new jobs to the company.

Information on how to apply can be found on the BIS website.

Announcing the new funding, Deputy Prime Minister Nick Clegg says that the 170 successful bids to date for RGF money have created and protected 330,000 jobs, “leveraging around £7.5bn of private sector investment”.

Business secretary Vince Cable (right) says: “Many of the successful projects from rounds one and two were manufacturers and the sector remains one of our national success stories.

“Manufacturing lies right at the heart of the government’s strategy for economic recovery and growth.”

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