10 May 2012
Harriett Baldwin has called for a Parliamentary statement on the success of the regional growth fund for jobs and growth and to highlight the forthcoming expiry date.
Harriett Baldwin (West Worcestershire) (Con): Will the Leader of the House arrange for a statement on the regional growth fund? Yesterday I got a letter from the Minister of State, Department for Business, Innovation and Skills, my hon. Friend the Member for Hertford and Stortford (Mr Prisk), saying that the National Audit Office is going to find that the money from the regional growth fund has been very positive for jobs and growth. There is a further £1 billion available for growing businesses that is due to expire this month. A statement from the Minister would be very valuable in publicising that opportunity.
Sir George Young: I am grateful to my hon. Friend for reminding the House that £1 billion is available. We are a month away from the deadline for bidding under round 3. I am sure that all hon. Members with prospects in their constituency for the regional growth fund will encourage businesses to put bids forward. On her bid for a debate on this matter, there will be such an opportunity on Wednesday when my right hon. Friend the Secretary of State for Business, Innovation and Skills will update the House on the steps that we have taken to promote growth and employment in regions of the country that need further help.
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