Regional Growth Fund Round 6 offering grants for economic growth
The Regional Growth Fund (RGF) is a competitive £3.2 million Government fund operating across England to provide grants to private sector projects and programmes with significant potential for economic growth, leveraging in private sector investment and creating or protecting jobs.
RGF Round 6 opened in June with at least £200 million available to bidders. The deadline for applications is
30th September 2014. Projects raising private finance and creating or safeguarding jobs that require grants of over £1 million are funded directly. To date nearly 400 companies have obtained RGF funding in this way to get their projects off the ground or scale up their plans.
Previous RGF rounds have all been oversubscribed. Again in Round 6, Government will be looking to support the strongest bids which return best value to the taxpayer and generate sustainable growth. They will announce which bidders have been successful in early 2015. Grants will have to be claimed fully by March 2017, though the
projects or programmes can continue beyond that date.
Hence, those best placed to apply will be those with a project or programme in development that requires some extra funding to get started or reach its full potential. If you think your company or a business you support could benefit from this type of funding, follow the link to find out more:
https://www.gov.uk/government/publications/regional-growth-fund-round-6-guidance-for-applicants-and-bidders
Marine businesses in the South East are encouraged to attend the external roadshow taking place at the University of Portsmouth on 6th August 2014
For more information on the roadshow event please follow the link:
https://www.gov.uk/understanding-the-regional-growth-fund
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