Thursday, January 13, 2011

News: Lord Heseltine encourages Yorkshire to go for growth


Former deputy Prime Minister Lord Heseltine was in Rotherham this week to encourage Yorkshire's businesses and entrepreneurs to bid for cash from the £1.4bn Regional Growth Fund.

The Regional Growth Forums taking place across the country are an opportunity for potential applicants to the fund to learn more about the bidding process. Speaking at the event, Lord Heseltine encouraged them to bring forward high-quality proposals that promise to unleash local talent and help communities in Yorkshire to flourish.

Over 150 local businesses, entrepreneurs and civic leaders attended the event at the AMP Technology Centre on the Advanced Manufacturing Park in Rotherham.

The Regional Growth Fund has two key objectives: to stimulate enterprise by providing support for projects and programmes 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.

Lord Heseltine is Chair of the Independent Advisory Panel, which will consider all bids for funding and make recommendations to Ministers about which should be successful. He will be supported by a team of business and civic leaders and academics, including his Deputy Chair, Sir Ian Wrigglesworth, who will also speak at today's event.

Lord Heseltine said: "I'm delighted to be here in Yorkshire as an advocate for this important Fund.

"The Regional Growth Fund presents an opportunity for businesses and entrepreneurs in Yorkshire to help shape their own economic future.

"I hope today's road show will inspire people to think strategically about how this fund can deliver a positive change to their local economy; creating new jobs and benefits for local people."

Regional Growth Fund website

Images: AMP


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