Pharmaceuticals company creates 30 new jobs

A pharmaceuticals company in Nottingham says it has created 30 new jobs as a result of the Government's Regional Growth Fund (RGF).

Molecular Profiles won a £1.6m grant in the first allocation of the Growth Fund in 2010, the money was used to build new research and development facilities.

Chief Executive Nikin Patel says the total number of new jobs created could be as many as 60 by the time the project is finished.

The list of companies receiving money in the fourth and final round of RGF awards has been announced today. Responding the criticism of the scheme, Mr Patel said:

"More recently we've had bad news stories with the likes of AstraZeneca closing their plant in Loughborough and other pharmaceutical companies downsizing in the region, so there was a threat of a significant loss of good talent to the region.

"Companies are growing, are creating jobs so to support companies like this is very important."

Read: Deputy PM at Toyota plant to announce grant

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Government grant for Toyota

Toyota in Derbyshire is one of more than 100 organisations in England to receive cash from the Government to boost jobs and fuel business expansion. Nick Clegg is visiting the factory in Burnaston to announce a £6.3 million grant.