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East Anglia: Nick Clegg urges firms in East to bid for Regional Growth Fund cash

PUBLISHED: 06:00 20 June 2014

Deputy Prime Minister Nick Clegg.

Deputy Prime Minister Nick Clegg.

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Businesses in the eastern region are being invited to bid for a share of £200million of Government money under the latest round of the Regional Growth Fund (RGF) initiative.

Round six of the RGF will be open to private sector bidders seeking £1m or more towards projects that will also generate significant private sector investment and sustainable jobs.

Around £100m of RGF cash has already been allocated within the East of England under the five previous rounds of the RGF.

This includes £2.9m to help Chelmsford-based e2v technologies develop its business in the radiotherapy market and establish new manufacturing and test processes.

Deputy Prime Minister Nick Clegg said: “I’ve seen first hand at e2v technologies how the fund is supporting businesses that are working hard to fuel our recovery and help us build a stronger economy.

“I would encourage any businesses that can generate significant private sector investment and sustainable jobs to bid for a share of the £200m available from the fund.”

The deadline for bids under round six of the RGF is noon on September 30, with road show events planned around the country in the coming weeks to offer advice on how to make a successful bid. This includes one to be held at Eastbrook, Shaftesbury Road, Cambridge at 10am on July 25.

For further details, visit www.gov.uk/understanding-the-regional-growth-fund or email growthfund@bis.gsi.gov.uk .

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