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NECC Backs Growth Fund Creation

 

Responding to the Government announcement that it will accept most of Lord Heseltine's plan to stimulate the economy, North East Chamber of Commerce Director of Policy, Ross Smith, said:

NECC is in favour of the Government's announcement that it will accept most of Lord Heseltine's plan to stimulate the economyResponding to the Government announcement that it will accept most of Lord Heseltine's plan to stimulate the economy, North East Chamber of Commerce Director of Policy, Ross Smith, said:

"Localising decision making is a step in the right direction and NECC and our members stand ready to work with our Local Enterprise Partnerships to make sure this happens.

"However, given the radical nature of Lord Heseltine's "No Stone Unturned" report and its call for a relentless focus on growth, it is disappointing not to see more far-reaching and ambitious approaches from the Government announced today.

"The creation of a Single Local Growth Fund for areas to bid into in 2015 is welcome news and it is critical that we enter the best possible bids to secure as much of this funding as possible."