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NECC Welcomes Regional Growth Fund Success

 

The North East's largest business membership organisation has welcomed the latest round of Regional Growth Fund successes.

The North East's largest business membership organisation has welcomed the latest round of Regional Growth Fund successes.

It was announced today that the region would receive an estimated £93m in the second round of RGF funding, with 50 successful bids, creating or safeguarding an estimated 25,500 jobs.

In round one the North East had 16 successful RGF bids, which created or safeguarded an estimated 13,600 jobs.

North East Chamber of Commerce Chief Executive, James Ramsbotham, said:

"I would like to congratulate each business on their successful RGF bids.

"This investment will support the creation of long-term, high quality private sector jobs in the region and enable each company to further enhance their already impressive operations.

"The region has been incredibly successful in the first two rounds of RGF funding and if we are to rebalance the UK economy, then the North East requires more investment of this kind into our innovative and pioneering businesses."