Friday, 19 October 2012

Government Investment Boost For The East Of England– Andrew Duff MEP

Local Parish Councillor Andy Pellew and
Andrew Duff MEP
The Regional Growth Fund will be investing in the East of England it was announced today [Friday].

This is part of the third round of investment of £1.05bn by the Regional Growth Fund. The Regional Growth Fund is overseen by Liberal Democrat Leader and Deputy Prime Minister, Nick Clegg and has already announced £2.4bn of investment in the first two rounds.

Commenting, Andrew Duff said:

"Today's announcement is another massive investment in new jobs for Peterborough, South Norfolk, Chelmsford and South Cambridgeshire It is a vote of confidence in our area and a well-deserved boost for all the people involved in securing this investment.

"Instead of concentrating on the City of London like the previous government did, Liberal Democrats in the Coalition Government are doing everything possible to make the East of England the economic powerhouse it deserve to be.

"For too long, our economy has been lopsided and over-reliant on financial speculators in only one Square Mile. Liberal Democrats are doing the right thing to rebalance the economy: by investing in areas like ours through the Regional Growth Fund.

"This is only one part of what the Coalition Government is doing: it has also set up a Green Investment Bank that will help create sustainable jobs, overseen an 80% increase in apprentices and given young people the chance to earn or learn through the £1bn Youth Contract."

Commenting further, Leader of the Liberal Democrats and Deputy Prime Minister, Nick Clegg said:

"This £1bn boost for growth in towns and cities across England is creating jobs that will last in the parts of the country that need it most.

"In tough economic times the Regional Growth Fund is good value for taxpayers' money - this £1bn round of the fund is pulling in £6bn of private sector investment.

"I have seen for myself the real difference this makes on the ground - from iconic businesses like Eddie Stobart expanding in Widnes and creating 3,450 jobs in the local area, to the Sunderland car parts factory, Unipres who have used their funding to buy a new 3,000 tonne press, letting them accelerate production and take on an extra 316 people.

"The Regional Growth Fund is working, on track and supporting businesses to create jobs and grow the economy."