Government investment pot the Regional Growth Fund has selected which businesses will receive the latest funding injections from its £3.2 billion stock.
With more than £800 million of capital awarded through the Regional Growth Fund scheme so far, GrowthBusiness meets one of the successful applicants to discover what led to the application and why the funding method worked.
Deputy prime minister Nick Clegg has launched the third tranche of the government’s Regional Growth Fund, with the manufacturing industry encouraged to bid for extra growth finance.
The British Chambers of Commerce (BCC) has attacked the speed of the delivery of investment from the Regional Growth Fund as the government announces the recipients of the second tranche of funding from the £1.4 billion fund.
The North West Fund for Venture Capital has backed training and education company Ambitious Minds with a £350,000 investment to ramp up marketing and sales initiatives.
More than 490 businesses have applied for government grants and investment as part of a second round of funding from the £1.4 billion Regional Growth Fund.