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Businesses set to benefit from new fund?30th June 2010

Those working in serviced offices may find they are able to benefit from a new £1 billion Regional Growth Fund announced by deputy prime minister Nick Clegg.

As part of the plans, both private bodies and public-private partnerships will be able to bid for funding by demonstrating their proposal will bring in private investment and support sustainable increases in private sector jobs and growth in their area.

Speaking in Bradford after the first coalition cabinet meeting outside of London, Nick Clegg said: "While we sort out the nation's finances we can also help to foster a thriving and more balanced economy so that no region or community gets left behind."

He suggested the fund can make a real difference to companies during challenging economic times alongside the government's commitment to remove employment taxes for some new businesses

Vince Cable, the business secretary, added it is vital to create a structure that drives economic growth and development across the country.

Glenn Rufrano, global chief executive officer of Cushman and Wakefield, recently suggested that office space in London could prove "safe" for businesses.

 

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