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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.

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What is the Government's Regional Growth Fund?

Deputy Prime Minister Nick Clegg will be at Toyota in Derbyshire today to announce a Regional Growth Fund of £6.3 million.

  • The Regional Growth Fund (RGF) is a fund created to safeguard jobs, it supports projects and programmes that are using private sector investment to create economic growth and sustainable employment
  • The first three rounds of the RGF have supported specific sectors such as: aerospace, automotive, energy and life sciences
  • At the latest Spending Round the Treasury announced £600 million funding for the RGF in both 2015-16 and 2016-17 to support projects to create economic growth and maintain private sector employment

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