BIS anounces £60m investment to create 8,000 regional jobs

A £60 million investment from the Regional Growth Fund (RGF) was signalled yesterday by business secretary Vince Cable at the Community Development Finance Association (CDFA) annual conference. It is expected to create over 8,000 jobs, in deprived areas.

The CDFA will receive £30 million from the Government’s RGF, matched with a further £30 million by the Co-operative Bank and Unity Trust Bank to provide lending to small, micro and social enterprises.

The department for business, innovation and skills (BIS) has claimed this funding will help meet some of the growing demand from small businesses for access to finance and drive investment in often fragmented communities…..

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