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£4 million pot will help South Lakeland businesses

February 12, 2015 11:46 AM

Tim at GilkesSouth Lakes MP Tim Farron has welcomed the news that the Regional Growth Fund (RGF) has awarded Cumbria Chamber of Commerce £4 million to support businesses throughout the county, as part of a £50.4 million package of extra funding from the Regional Growth Fund to help companies in the North West.

Cumbria Chamber of Commerce, M Sport, and the Innovus business support programme in Cumbria will all benefit from this funding. The Chamber will receive £4m which will be used to help small and medium sized businesses around the county. For every £1 the Government has invested through the RGF, the private sector has put in £5.50, meaning the total investment is now expected to attract £16 billion of private sector support across the country.

Tim said: "This funding will create a programme of support throughout Cumbria. With this funding local businesses in our area will get extra help to grow and create additional well paid jobs."