Chris Kelly, Member of Parliament for Dudley South, has urged local business to apply for Round 6 of the Regional Growth Fund, which has today opened for bids for a share of the £200 million available, to help them grow and create jobs.
Already £430 million of funding has been allocated to West Midlands to 69 different bids, attracting £3.3 billion of private investment and supporting 114,000 jobs.
The £3.2 billion fund supports projects using private sector investment to create jobs and growth - for more information visit www.bis.gov.uk/rgf
Locally the Fund has already supported Thomas Dudley Limited’s investment of £4.7m in a new moulding line.
Chris Kelly MP commented: “This is a fantastic opportunity for businesses in Dudley and the Black Country to apply for funding to help them grow and create jobs.
“The Fund is already supporting 114,000 jobs and £3.3 billion of private investment in the West Midlands, with funding for local businesses like Thomas Dudley Limited, and this new round will help businesses create even more.
“Creating more jobs by backing small businesses is a key part of the Conservatives’ long-term economic plan to secure a better and brighter future for Britain. Each new job this fund supports means another family with the security of a regular pay packet.”