Local Growth Fund
The Regional Growth Fund (RGF) which is delivered by the Department for Business Innovation and Skills (BIS) via time limited bidding rounds, supports eligible projects and programmes that are raising private sector investment to create economic growth and lasting employment. Since its launch in 2010 it has invested £2.85 billion to help local businesses grow and take on more staff across England.
For every £1 invested through the RGF, the private sector has put in £5.50. The total investment of private sector support is expected to be £16 billion. Over 100,000 jobs have already been created and a further 480,000 are expected by the mid-2020s.