Regional Growth Fund open for bids

The Regional Growth Fund initiative has entered the third round, allowing a new wave of organisations to bid for their share of the government’s money pot.

Individual projects, or joint bids from combined projects, may apply for grants of £1million or more through the Department of Business, Innovation and Skills.

The Regional Growth Fund will provide a mixture of direct support for private sector investments and private public partnerships.

All projects should be able to prove that they will motivate private sector investment for long term growth and private sector employment, create additional sustainable private sector growth, rebalance the economy in those areas currently dependent on the public sector and offer value for money.

One-to-one meetings are available as part of the scheme to improve the quality of your application, and the Lancashire Economic Partnership is working with potential bidders to help develop credible proposals and draft proposals.

The closing date for applications is 13 June, 2012.

For more information about the fund see www.bis.gov.uk/rgf and for assistance from the LEP email andy.walker@lancashire.gov.uk