31 October 2011

Regional Growth Fund: who got what in Yorkshire

In "Tarzanned" I wrote about the Regional Growth Fund Roadshow in York in my Inventors' Club blog on 1 June 2011. Today, the Department of Business Innovation and Skills has announced the successful bidders for the second tranche of the £1.4 billion fund.

The companies and local authorities in Yorkshire and Humber that have been offered a share of the £950 million are as follows:

  • SEW Eurodrive UK
  • Cummins Turbo Technologies
  • Surgical Innovations Ltd
  • BOC Ltd
  • East Riding of Yorkshire Council
  • University of Sheffield - AMRC
  • Sirius Minerals, Plc
  • Leeds City Region
  • North Lincolnshire Council
  • Wakefield Council
  • City of Bradford MDC
  • Sheffield Forgemasters International Limited
  • Stainless Plating Limited
  • T&N Plastics Limited
  • 600 UK Ltd
  • RoadTankers Northern Ltd
  • Heights Ltd
  • Hindle
  • VTL (Europe) Ltd
  • i-plas Products Ltd
  • Halifax Rack and Screw Cutting Co Ltd
  • Treves UK LTD
  • Severn Unival Ltd
It is hoped that these grants will create 3,000 new jobs directly and 13,700 indirectly.

As I said in the penultimate paragraph of my previous article this money does not come without strings and will have to be repaid if it does not bring the promised employment. However, with the exception of the Department of Culture Media and Sport's Broadband Delivery UK Fund this is the only large scale grant allocation that can be expected from HM Government in this Parliament. That does not mean to say that there are not other sources of funding including some grants but they will be not be distributed in the way that they were by the last government.

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