April 12, 2011
The first round of Regional Growth Fund allocations were announced today totalling over £450m and supporting around 125,000 jobs across England. The long awaited announcement is the first firm indication of the Coalition’s regeneration funding intentions. An analysis of the detailed allocations shows some interesting trends:
- The vast majority of awards went directly to the private sector
- There is a strong regional bias in the allocations with the North and South West being most successful
- The North East’s success rate is almost twice as high as any other region
- London will not benefit from the fund in this round
- The awards generally favour the manufacturing sector
- The size and structure of the supply chain has a significant impact on the overall level of job creation and consequently the
- West Midlands has the highest job creation per capita of any region.
- For greater analysis of the awards and lessons learned from the process, as well as discussion of other regeneration opportunities, join NLP at the Future of Regeneration Webinar on Tuesday 19 April.
Link to The Future of Regeneration Webinar
NLP Contact: Andy groves agroves@nlpplanning.com / 0191 261 5685