Regional Growth Fund

House of Lords written question – answered on 11 October 2012.

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Photo of Lord Roberts of Conwy Lord Roberts of Conwy Conservative

To ask Her Majesty's Government in which regions of the United Kingdom the successful applicant bids in rounds one and two of the regional growth fund process located.

Photo of Lord Marland Lord Marland The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The tables below provide the regional allocation of successful bids from round 1 and 2 of the regional growth fund. 57 per cent of the successful bidders now have contracts and are able to draw down funding. We now have a firm and agreed position with nine in 10 bids; six out of 10 projects or programmes have started. Our priority now is to agree a way forward with the final few bidders who have yet to agree terms with us; this will be done during the autumn.

Regional Spread Round 1
Region Successful (no of contracts) Amount (£m)
North West 9 28
West Midlands 9 107
North East 23 62
East Midlands 4 16
Yorkshire and The Humber 8 45
South West 6 9
South East 3 6
East of England 0 0
London 0 0
Nationwide 5 175
Total 67 449
Regional Spread Round 2
Region Successful (no of contracts) Amount (£m)
North West 38 206
West Midlands 22 125
North East 55 98
East Midlands 7 72
Yorkshire and The Humber 23 119
South West 11 91
South East 10 88
East of England 1 10
London 0 0
Other (Nationwide) 4 90
Total 171 899

1. Number of bids with a significant impact (>2%) in the given region, bids may cover multiple regions so these figures will not sum to 492

2. Sum of the proportions of employment impact falling in the given region, each bid contributes an impact of 1. Total for table will sum to 492

Does this answer the above question?

Yes3 people think so

No3 people think not

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