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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
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.