This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Growth fund support hits new high
06 August 2014

The number of small and medium-sized enterprises (SMEs) supported through the government’s Regional Growth Fund (RGF) has trebled over the past year, new figures show.

According to an annual monitoring report published on 22 July, 5,100 businesses received RGF support in the year 2013 to 2014 while the number of direct jobs created or safeguarded through RGF more than doubled in a year to 69,000.

RGF payments in 2013 to 2014 totalled £565 million, compared to £161 million in the previous financial year.

Business Secretary Vince Cable said: “The Regional Growth Fund is now in full swing. Over the last year alone it has more than doubled in size.

“The fund is securing the jobs it set out to – 69,000 direct jobs at the end of the last financial year and every one of them outside London.”

Round 6 of the RGF is currently open to private sector bidders seeking £1 million or more for high quality projects that will generate significant private sector investment and sustainable jobs. Businesses need to submit their bids by noon on 30 September 2014.

Link: RGF application forms and guidance

Other recent news

What are the implications of MTD for ITSA for SMEs?
22 March 2024

The introduction of Making Tax Digital for Income Tax Self-Assessment…
Read more

The Employment (Allocation of Tips) Act 2023 – Understanding the impact on pay in the hospitality sector
22 March 2024

In a significant development for the hospitality industry, the Employment…
Read more

Economic Crime and Corporate Transparency Act 2023 – Companies House changes now in effect
22 March 2024

The initial provisions of the Economic Crime and Corporate Transparency…
Read more

Run your business from home? Get to know your VAT entitlement
22 March 2024

If you are a business owner and work or run…
Read more

Holiday accrual to come in for zero-hours workers
22 March 2024

Following changes to the Working Time Regulations 1998 in January…
Read more

»

Case Studies