Live updates

Lord Heseltine to meet East Midlands businesses

Lord Heseltine will be in Loughborough Credit: Chris Jackson/PA Wire/Press Association Images

Lord Michael Heseltine will today be meeting businesses who are thinking about applying for money from Round five of the Regional Growth Fund.

The roadshow is taking place at Loughborough University. The fund is expected to create and safeguard 41,000 jobs in the East Midlands.

In pictures: Deputy Prime Minister visits Nottingham

The Deputy Prime Minister Nick Clegg is in Nottingham this morning to announce how many jobs have been created Credit: ITV Central

Nick Clegg has arrived at Molecular Profiles in Nottingham on a visit to promote the Government's Regional Growth Fund (RGF).

The Government claims the RGF will safeguard or create hundreds of thousands of jobs Credit: ITV Central

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.

There have been questions raised about the scheme's value for money Credit: ITV Central

Advertisement

3000 news jobs for Derby by 2020

27 new businesses and 3000 new jobs are to be created in Derby by 2020.

The announcement is part of a £40 million programme by Derby City Council which is being backed by the government's Regional Growth Fund.

The money will be used in the aerospace, rail and automotive supply chains for various projects.

The Regional Growth Fund resources were allocated to Derby last October and these funds are used to support businesses to grow.

Vince Cable MP, Business Secretary, said: "We need growth that is more evenly balanced across the country. This is why we are supporting manufacturing centres like Derby through the Regional Growth Fund."

Advertisement

Today's top stories