More jobs created as support for growing businesses trebles

July 23, 2014 11:59 AM
Originally published by UK Liberal Democrats

The number of small and medium-sized businesses supported through the Regional Growth Fund has trebled over the past year to 5,100, helping businesses to create more jobs and expand into new markets.

The Regional Growth Fund, introduced by Liberal Democrats in Government, is strengthening Britain's economy and making a big difference to local communities. Through supporting business of all sizes and sectors, new job and apprenticeship opportunities are opening up across Britain.

The scheme's Annual Monitoring Report, published today, found the number of direct jobs created or safeguarded through RGF more than doubled in a year, delivering 69,000 jobs.

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Nick Clegg said:

"We're seeing encouraging signs that the British economy is on the road to recovery. I really believe that local businesses should be in the driving seat to steer their local economy's success

"As this report clearly shows, this fund is helping us to create a fairer economy with growth in all parts of the country."

Total RGF payments rose by 83% from the previous year. Lib Dems are now introducing legislation to help make the UK the most attractive place to start, finance and grow a business. The Small Business, Enterprise and Employment Bill will help to build a stronger and fairer economy by supporting small businesses as they compete.