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Regional Growth Fund

Business, Innovation and Skills written question – answered on 12th May 2011.

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Photo of Stewart Jackson Stewart Jackson Conservative, Peterborough

To ask the Secretary of State for Business, Innovation and Skills what criteria will be used to assess the (a) viability and (b) efficacy of Round 2 bids for the Regional Growth Fund in (i) the East of England and (ii) England; and if he will make a statement.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

The criteria for the second round for assessing projects are the same as the first round and this applies to bids from all over England. To qualify for support from the Regional Growth Fund, projects should demonstrate that they:

create additional sustainable private sector growth; rebalance the economy in those areas currently dependent on the public sector; would not otherwise go ahead without support from the Regional Growth Fund; offer value for money; and be state aid compliant.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

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