Regional Growth Fund

House of Lords written question – answered on 4th December 2012.

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Photo of Lord Bates Lord Bates Conservative

To ask Her Majesty's Government what is their estimate of jobs created or safeguarded by Regional Growth Fund grants or loans in (1) North East England, (2) Yorkshire and the Humber, and (3) North West England.

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

On the basis of information provided by applicants up to (1) 72,000, (2) 40,000 and (3) 83,000 direct and indirect jobs will be created or safeguarded by the first three rounds of successful bids to the Regional Growth Fund in the North Fast England, Yorkshire and the Humber and North West respectively. Progress towards the job target specified in the grant offer letter will be monitored quarterly.

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