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Regional Growth Fund- Fourth Round!

The fourth round of the Regional Growth Fund (RGF)  has started  on 17 January 2013. Businesses across the South West can bid for a share of the £350m cash pot.

A total of £189m of RGF support has been provided to the South West in the first three rounds of the fund, supporting 20 projects. Companies in the region secured £72m from the third round. It is estimated the cash will create or safeguard a total of 28,920 jobs over the next ten years.

The winners from the third round included AgustaWestland, Dyson, GE Aviation Systems and Plessey Semiconductors. Funding was also provided to extend Portdown Science Park in Salisbury, while Plymouth University also clinched funding to support around 70 small and medium-sized businesses  The West of England Local Enterprise Partnership and Exeter and East Devon Growth Point were also allocated investment in round three.

Projects from the first three rounds have pledged to create or safeguard more than 500,000 jobs nationally, along with an added injection of £13bn private sector investment into the economy, the government claimed.

Round four applications of the RGF closes on 20 March at noon, with a minimum bid threshold of £1m.