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News release – Regional Growth Fund boost for Hastings & Rye

July 15, 2013
Nick and The Deputy Prime Minister

Nick and The Deputy Prime Minister

Hastings & Rye will get a jobs boost as part of the Regional Growth Fund (RGF), the Coalition Government has announced.

More than half-a-billion pounds of funding to create jobs and growth across England was announced by Liberal Democrat Leader and Deputy Prime Minister, Nick Clegg as part of the fourth round of the RGF. Hastings Borough Council received a share of this funding for SUCCESS – Southeast Urban Coast Creative Enterprise Support Scheme – a boost for local jobs.

In the South East, this round of the RGF is expected to create 22,228 jobs through investing £45m in addition to millions of pounds of private sector investment.

Commenting, Nick Perry said:

“This is excellent news for our area, helping to create jobs for local people.

“The Regional Growth Fund is a key part of the Liberal Democrat commitment to building a stronger economy in a fairer society. For too long, previous Labour and Conservative governments have focused on boosting financial services in the City of London and neglecting our local economy.

“The RGF invests in businesses in Hastings & Rye so they can grow and employ more people. It has been vital in stimulating private investment that would otherwise not have gone ahead.

“This grant for Hastings Borough Council is intended to be a vote of confidence in our area, laying the right foundations for stability and good solid business growth. I will be working with them and others to build on this to create more jobs for our area.”

Commenting further, Liberal Democrat Leader and Deputy Prime Minister, Nick Clegg said:

“There are more people in work today than ever before – since 2010 we have helped create 1.3m jobs in the private sector. Liberal Democrats want to create a million more.

“That’s what the Regional Growth Fund is all about – and I’m extremely proud to have found extra money to invest in projects across the country that have plans for the future and want to recruit local talent that will make their businesses better.”

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