Consultation on the Regional Growth Fund

Tue, 27/07/2010

This consultation seeks views on the design of the Regional Growth Fund, which was announced in the budget on 22 June 2010. The Coalition Agreement committed the Government to “create a fairer and more balanced economy, where we are not so dependent on a narrow range of economic sectors, and where new businesses and economic opportunities are more evenly shared between regions and industries.” On 29 June, the Deputy Prime Minister launched a £1 billion Regional Growth Fund to provide support for projects that offer significant potential for sustainable economic growth and can create new private sector employment. The fund will particularly help areas and communities currently dependent on the public sector make the transition to private sector led growth and prosperity. This is an informal consultation that sets out the Government’s objectives for the fund and asks questions to support its detailed design. The deadline for responses to this consultation is 6 September 2010. For further information and to respod to the consultation please visit: Consultation on the Regional Growth Fund