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Regional Growth Fund

Business, Innovation and Skills written question – answered on 19th October 2012.

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Photo of Andrew Stephenson Andrew Stephenson Conservative, Pendle

To ask the Secretary of State for Business, Innovation and Skills what consideration he has given to increasing the Regional Growth Fund allocation to banks who have successfully lent their existing allocation to small and medium-sized businesses.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills

The Secretary of State for Business, Innovation and Skills, Vince Cable, and the wider ministerial panel considered a range of bids from a number of organisations that were submitted in Regional Growth Fund (RGF) Round 3. Details of bidders selected to go forward for due diligence and contracting were made public earlier today.

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