1. ITV Report

Nick Clegg in Nottingham to announce new jobs

The Deputy Prime Minister Nick Clegg is in Nottingham this morning Photo: PA

The Deputy Prime Minister Nick Clegg is in Nottingham this morning to announce how many jobs have been created by the Coalition Government's flagship scheme, the Regional Growth Fund (RGF).

The RGF is a £2.6m fund to boost economic growth and create private sector jobs. Yesterday, the Chancellor George Osborne announced an additional £350m for the scheme in his Autumn Statement.

The Government claims the RGF will safeguard or create hundreds of thousands of jobs in areas traditionally dependent on the public sector.

However, there have been questions raised about the scheme's value for money. Earlier this year, a report by the National Audit Office suggested each job created could cost the taxpayer up to £200,000.

Business organisations have also expressed concern about bureaucratic delays in getting funds to where they are needed.