Midlands accountant urges businesses to apply for Regional Growth Funding before the 9th December deadline

Inspired Accountants today (2nd December 2013) is urging Midlands based businesses to apply for a share of £300 million from the Regional Growth Fund before the deadline at midday on Monday 9th December 2013.

The Regional Growth Fund is a flexible and competitive fund operating across England. It supports projects that are using private sector investment to create economic growth and sustainable employment.

Paul Bulzacchelli, Managing Director of Inspired Accountants said, “Round 5 is just about still open to private sector bidders seeking a fund of £1 million or more. The government is calling for companies planning high quality projects that will generate significant private sector investment and sustainable jobs to apply.”

So far £2.6 billion from the first four rounds of the Regional Growth Fund has supported over 400 projects and over 3,000 small and medium size enterprises.

“To obtain funding, you must successfully complete the Regional Growth Fund process, which is overseen by an Independent Advisory Panel of business leaders and chaired by Lord Heseltine. The Independent Advisory Panel make recommendations to a Ministerial Panel, led by Deputy Prime Minister Nick Clegg, which will make the final decisions as to which bids should receive funding. That may sound daunting, but a good accountancy practice with practical and successful experience of winning Regional Growth Fund money and who know the right banking contacts will be able to support an application”, said Paul.