Opportunity to bid to the Regional Growth Fund
The Regional Growth Fund (RGF) is a discretionary £1.4 Billion fund that will operate for 3 years from 2011 to 2014 to stimulate enterprise by providing support for projects and programmes with significant potential for creating long term private sector led economic growth and employment.
The Regional Growth Fund has two main objectives:
* To encourage private sector enterprise by providing support for projects with significant potential for economic growth and create additional sustainable private sector employment; and
* To support in particular those areas and communities that are currently dependent on the public sector make the transition to sustainable private sector led growth and prosperity.
There will be a minimum of two bidding rounds for RGF funding. The first round opened on 28th October 2010 and closes on 21st January 2011.
The first round is intended for bids that are at an advanced stage of planning. It will be a fast-track one-stage bidding process that begins at the "Full Application" stage of the process.
Future rounds will commence with an "Expression of Interest" as part of a two stage process.
The annoucement of the second round is anticipated soon after the closure of the first round, along with subsequent bidding rounds.
The Solent LEP will co-ordinate bids in the Solent area.
More information will be posted on the Solent LEP website at http://www.solentlep.org.uk
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