Reminder to businesses to submit growth application

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BUSINESSES are being reminded that tomorrow is the deadline to apply for financial help from the Regional Growth Fund, which closes at midday.

It is the final round of the scheme, which has helped 13 projects and programmes within the Solent Local Enterprise Parnership (LEP) area, totalling £54m.

The funding will create 5,000 jobs and generate £173m of private sector investment.

Businesses are being reminded to submit their applications now.

Matthew Hancock, minister for Portsmouth, said: ‘Portsmouth has some fantastic businesses and I strongly encourage them to apply for our Regional Growth Fund.

‘So far more than 6,000 small and medium businesses have benefited from the fund, which is all about empowering our great cities like Portsmouth.

‘This round closes at midday next Tuesday and any local business with a top quality project in mind should go and check it out.

‘I look forward to returning to Portsmouth shortly and hope to meet some of the local success stories very soon.’

Round six is focused on private sector bids with a minimum bid threshold of £1m. Round six of the RGF opened on June 19 with more than £200m available to bid for.

To find out more, visit gov.uk/understanding-the-regional-growth-fund and submit your entry by midday on Tuesday.