Just the job: Clegg offers a £950m shot in the arm
More than 100 companies, including Bentley, Pirelli and JC Bamford, are to share £950m in government support designed to bolster industry in hard-pressed parts of the country.
Successful bidders for a slice of the money were announced yesterday by Nick Clegg, the Deputy Prime Minister, who said the move would safeguard or create more than 300,000 jobs.
Beneficiaries included Sheffield Forgemasters in Mr Clegg's home city, but he denied its inclusion was an attempt to repair the political damage he sustained last year when ministers cancelled an £80m loan promised by Gordon Brown's government.
Mr Clegg said the bids selected for support under the £1.4bn Regional Growth Fund will "jump-start growth and create jobs that last in the places that really need it", leveraging in up to £6bn in private-sector investment. Labour said last night that two-thirds of bidders had been rejected.
Gordon Marsden, the shadow minister for regional growth, said: "It will take more than warm words from the Deputy Prime Minister to persuade businesses up and down the country that this Government has what it takes to kick-start growth."
- 1 I'm A Celebrity 2014: Jungle security stepped up after murder and 'suspicious death' near to camp
- 3 Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
- 4 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 5 This letter from a reader explains why women can’t play football
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
Black Friday 2014: Opening times for Asda, John Lewis, PC World, GAME and Argos
Three-year-old boy accidentally shoots dead his mother in Tulsa, Oklahoma, as she changes her younger daughter's nappy
Michael Brown shooting: Driver smashes into crowd as protests erupt across the US during a second night of unrest
Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
£35000 per annum: Ashdown Group: Required skills include SQL querying, SSRS, u...
£30000 - £35000 per annum: Ashdown Group: C#.Net Developer - C#, ASP.Net, HTML...
Negotiable: Argyll Scott International: Senior Business Analyst - Insurance ...
£25000 - £29000 per annum: Recruitment Genius: This independent, growing Sales...