Deputy Prime Minister Nick Clegg said the Regional Growth Fund is "all about" creating jobs.
Since 2010, the Coalition Government has created 1.3 million jobs in the private sector, he added.
The Regional Growth Fund is exactly what this country needs to go for growth - from family-run Cartwright Group in Manchester who are now expanding to create 300 jobs and train up to 30 apprentices every year for the next three years, to Toyota who will use the money to help increase their ability to develop and produce new generations of Toyota cars right here in the UK, securing jobs and creating opportunities for the future.
More top news
Feeling less cold than recent days with winds easing and some long sunny periods. Most areas will be dry throughout.
A cold start with some icy patches. Largely dry and sunny through the day, with any showers soon dying out and winds easing too.
Scattered wintry showers during the evening will become fewer and further between overnight, with westerly winds tending to ease.