Henry Smith, Crawley’s MP, has urged local business to apply for Round 6 of the Regional Growth Fund, which has opened for bids for a share of the £200 million available, to help them grow and create jobs.
Already £150 million of funding has been allocated to the South East to 26 different bids, attracting £1.1 billion of private investment and supporting 40,000 jobs.
The £3.2 billion fund supports projects using private sector investment to create jobs and growth. Locally the Fund has already supported Elekta Ltd, the benefits of which are highlighted by the firm’s recognition for the third year running by the Queen’s Award for outstanding achievements in international trade and enterprise.
“This is a fantastic opportunity for Crawley’s businesses to apply for funding to help them further grow and create more jobs.
“The Fund’s already supporting 40,000 jobs and £1.1 billion of private investment in the South East, with funding for local businesses like Manor Royal based Elekta Ltd, and this new round will help businesses create even more.
“Creating more jobs by backing small businesses is a key part of the long-term economic plan to secure a better and brighter future for Great Britain. Each new job this fund supports means another family with the security of a regular pay packet.”
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BIS, Regional Growth Fund, 19 June 2014, link