North East firms could miss out on Regional Growth Fund cash

An expert on Regional Growth Fund (RGF) applications in the North East is warning that large businesses could miss out on Government money because of a change in the rules

An expert on Regional Growth Fund (RGF) applications in the North East is warning that large businesses could miss out on Government money because of a change in the rules.

Neville Baldry, a partner at Clive Owen & Co LLP in Darlington, has helped more than 50 firms in the North East and Yorkshire secure more than £50m worth of RGF grants and associated programmes since the scheme was established in 2011.

But Baldry said changes to be introduced as part of Round 5 of the RGF, announced last week, mean larger companies will miss out on grant support for some capital projects.

Baldry said: “Large companies with expansion plans should look closely at this round of the Regional Growth Fund as they may not qualify under the new rules.”

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