To ask the Secretary of State for Business, Innovation and Skills, what the total value is of all bids made in each region to each round of the Regional Growth Fund including the Exceptional Regional Growth Fund; how much has been allocated to winning bidders in each region in each round; and how much such funding has not yet been drawn down in each bidding round.

The tables below provide a breakdown of the value of Regional Growth Fund (RGF) by region and round for RGF applications; the committed allocation of RGF to projects and programmes for all Round 1-5 programmes following due diligence and Round 6 projects and programmes that are subject to contract discussions. This data excludes those projects and programmes that have withdrawn. The third table sets out the amount drawn down by operational RGF awards to date and the financial years in which the remaining RGF and eRGF is committed through to 31 March 2017. The data is correct at 24 March 2015.

Unless otherwise agreed, projects and programmes in Rounds 1 to 4 have until 31 March 2015 to draw down their funding and projects and programmes in Round 5 and 6 will be able to draw down funding until 31 March 2017. The Department agrees a draw down profile with each organisation when they sign their grant offer letter that matches the beneficiary’s own investment schedules and job commitments. The subsequent rate of draw down is then subject to the beneficiaries meeting the conditions.

RGF Applications (£ million)

RGF Committed (£ million)

RGF Draw Down by year (£ million)

*This is the actual amount paid to beneficiaries and claims awaiting payment as of 24 March 2015.

The difference between the totals in tables 2 and 3 arises because RGF applicants have not always claimed the full grant available to them.