The winners have been announced – but will the Regional Growth Fund make a lasting difference? Adrian Nolan gives his assessment Yesterday saw the announcement of the winning bids from round one of the Regional Growth Fund (RGF) process. The fund is tightly targeted – which is a welcome development. There are a number of key headlines emerging from the announcement: The government expects 27,000 jobs to be directly created and safeguarded – and most importantly, close to 100,000 jobs in associated supply chains and local economies A total of 50 bids have been accepted across the country. The fine details such as value of the individual bids and expected employment benefits are yet to be released There is a clear north-south divide in terms of the number of bids and the impacts of employment, with nearly half of the accepted bids emerging from the northeast (14) and northwest (9) … (To read the full article, subscribe below)
Adrian Nolan is associate director at CLES.
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