UK
Ireland
Scotland
London
Construction News
02/06/2011
Lord Heseltine Encourages Business To Bid For Share Of £950m
Lord Heseltine has visited York to promote the second round of the Regional Growth Fund and encourage bidders to compete for a share of £950m.
During his visit Lord Heseltine spoke about the importance of economic growth and the role of the Regional Growth Fund. He then took questions about the process of submitting high-quality bids that offer the potential to create new jobs.
More than 200 businesses and organisations attended the fourth in a series of road shows at the Ron Cooke Hub at the University of York, and more than 1,000 are expected to attend the series of road shows over the next few weeks.
The Regional Growth Fund has been designed to provide support for projects that can drive sustainable economic growth and create new private sector jobs. The fund will also help communities that are currently dependent on the public sector make the transition to private sector-led growth and prosperity.
Lord Heseltine is Chair of the Independent Advisory Panel, which will consider all bids for funding and make recommendations to Ministers, led by Deputy Prime Minister Nick Clegg, about which should be supported. He is supported by Deputy Chair Sir Ian Wrigglesworth and a team of academics, business and civic leaders.
Commenting on the fund, Lord Heseltine said: “The Regional Growth Fund was exceptionally popular in the first round, and we received many bids that demonstrated strategic thinking on how to create jobs and contribute to local economies.
“I hope businesses and public-private partnerships are inspired to think about innovative and creative ways of making a difference to growth and shaping their economic future, and that we will see results of this thinking when we are assessing bids.
“The road shows are an excellent opportunity for potential bidders to find out more information about ensuring bids meet the objectives and criteria. I urge all those interested to ask questions, and get as much out of these events as possible.”
The second round of the Regional Growth Fund closes at midday on July 1. The second round will aim to allocate around £950m – the bulk of the £1.4bn fund.
Ministers announced in April that there were 50 successful bidders from the first round of the Regional Growth Fund. These bidders will share £450m if they pass a process of due diligence.
(BMcN/GK)
During his visit Lord Heseltine spoke about the importance of economic growth and the role of the Regional Growth Fund. He then took questions about the process of submitting high-quality bids that offer the potential to create new jobs.
More than 200 businesses and organisations attended the fourth in a series of road shows at the Ron Cooke Hub at the University of York, and more than 1,000 are expected to attend the series of road shows over the next few weeks.
The Regional Growth Fund has been designed to provide support for projects that can drive sustainable economic growth and create new private sector jobs. The fund will also help communities that are currently dependent on the public sector make the transition to private sector-led growth and prosperity.
-- Advertisement --
Lord Heseltine is Chair of the Independent Advisory Panel, which will consider all bids for funding and make recommendations to Ministers, led by Deputy Prime Minister Nick Clegg, about which should be supported. He is supported by Deputy Chair Sir Ian Wrigglesworth and a team of academics, business and civic leaders.
Commenting on the fund, Lord Heseltine said: “The Regional Growth Fund was exceptionally popular in the first round, and we received many bids that demonstrated strategic thinking on how to create jobs and contribute to local economies.
“I hope businesses and public-private partnerships are inspired to think about innovative and creative ways of making a difference to growth and shaping their economic future, and that we will see results of this thinking when we are assessing bids.
“The road shows are an excellent opportunity for potential bidders to find out more information about ensuring bids meet the objectives and criteria. I urge all those interested to ask questions, and get as much out of these events as possible.”
The second round of the Regional Growth Fund closes at midday on July 1. The second round will aim to allocate around £950m – the bulk of the £1.4bn fund.
Ministers announced in April that there were 50 successful bidders from the first round of the Regional Growth Fund. These bidders will share £450m if they pass a process of due diligence.
(BMcN/GK)
Latest Construction News
17/01/2025
Leeds Trinity University has officially opened its newly refurbished City Campus at 1 Trevelyan Square in Leeds.
Completed by GRAHAM Interior Fit-Out, the transformation of the central Leeds site introduces state-of-the-art facilities designed to improve learning and collaborate with industry partn
17/01/2025
Trammell Crow Company (TCC) has secured planning permission for a Grade A logistics scheme in Heywood, Greater Manchester, following a successful planning appeal.
The development will feature two state-of-the-art industrial and logistics buildings. One building will house two units measuring 4,796
17/01/2025
Poole-based developer AJC Group has celebrated a record-breaking 2024, delivering 100 affordable homes, a significant increase from the 72 units completed in the previous year.
Since 2023, AJC Group has completed and handed over 172 affordable homes across five sites.
In 2024 alone, the developer
17/01/2025
Plans for one of the most ambitious parks projects in London have taken a significant step forward, with Haringey Council securing nearly two additional acres of land around The Paddock nature reserve in Tottenham Hale.
The agreement with Thames Water marks a major milestone in the transformation o
17/01/2025
Islington Council has unveiled two draft guidance documents aimed at helping residents, businesses, and developers combat climate change by making buildings more energy efficient and fostering a greener, healthier borough.
The consultation seeks feedback on the draft Climate Action Supplementary Pl
17/01/2025
The City of Wolverhampton Council has unveiled a £98 million investment plan over the next five years to develop around 500 new homes across the city.
The proposal, part of the Housing Revenue Account (HRA) Business Plan, received Cabinet approval this week and now moves to Full Council for final
17/01/2025
Croydon Council has announced a significant milestone in the redevelopment of the Purley Pool site, with revised proposals submitted for a new leisure centre, later living housing, and the regeneration of the surrounding area.
A planning application for the site was initially submitted in 2024, pro
17/01/2025
The City of Wolverhampton Council has announced that demolition work has commenced on the New Park Village estate, marking the start of a major £40 million redevelopment project to transform outdated council housing.
Contractor DSM Demolition has begun pulling down poor-quality bungalows on Valley
17/01/2025
Hillingdon Council has acquired 12 new homes at Carpenters Court in Uxbridge.
Leader of Hillingdon Council, Cllr Ian Edwards and Cllr Steve Tuckwell, Cabinet Member for Planning, Housing and Growth, visited the site to officially mark the handover of the properties from local developer Kearns Devel
17/01/2025
Organisers of UK Construction Week (UKCW) have announced another major coup for the show's 10th anniversary year, with the news that UKCW London will be co-locating with the 14th edition of The Stone Show & Hard Surfaces, the principal industry event for surface design.
Established 26 years ago, th
