News

First 50 RGF winners to share £450m

News

Nick Whitten

12 April 2011

Investment/finance

Fifty projects have been awarded £450m as part of an accelerated first round of the £1.4bn regional growth fund, the government announced today.

The Department for Business, Innovation and Skills has revealed details of the first round winners showing a big increase from the £250m initially proposed for round one.

And as of today, the second round of the fund is open, with bidders able to compete for the remainder of the cash, meaning there will no longer be a third round as had been previously anticipated.

In total, 464 bids were submitted for round one, asking for a total £2.8bn.

BIS said the 50 chosen projects should create 27,000 jobs directly and a further 100,000 supply chain positions, with the £450m allocated leveraging more than £2.5bn ofn private sector investment.

Winning bids included an expansion of the Haribo factory in Wakefield, Bruntwood’s scheme to convert a hospital in Manchester into a biomedical centre of excellence and the construction of a manufacturing plant on the Lotte Chemical site in

Teesside to develop resins for food and drink packaging.

The closing date for round two bids is noon on 1 July 2011.

Full list of winners is:

East Midlands and South East Midlands 1,730 direct jobs, 3,140 indirect jobs.

• General Motors UK

• Molecular Profiles

• Thales Properties

North East 5,216 direct jobs, 8,367 indirect jobs.

• AV Dawson

• Bridon International

• Chirton Engineering

• Cleveland Potash

• Connor Solutions

• Cumbrian Holdings

• DUCO

• Durham County Cricket Club Holdings

• Lotte Chemical UK

• Nifco UK

• Nissan Motor Manufacturing (UK)

• Proctor & Gamble Technical Centres

• SSI UK

• Turbo Power Systems

North West 5,533 direct jobs, 2,279 indirect jobs.

• Ames Goldsmith UK

• Bentley Motors

• Bruntwood/Manchester City Council

• Holroyd Precision and sister companies

• Liverpool Echo

• Muse Developments

• Pilkington UK

• The Stobart Group and ProLogis (with Halton Borough as the administrator)

• Tygavac

South East and East of England 427 direct jobs, 361 indirect jobs.

• e2v technologies (uk)

South West 787 direct jobs, 535 indirect jobs

• EADS UK

• Messier-Dowty

• South Devon College

• West Daily Press and the University of Plymouth

West Midlands 6,193 direct jobs, 34,669 indirect jobs.

• Alstom Grid UK

• Birmingham Chamber of Commerce (on behalf of Birmingham City Council)

• Bosch Thermotechnology

• Jaguar Land Rover

• Prince’s Regeneration Trust

Yorkshire & Humberside 7,628 direct jobs, 2,716 indirect jobs.

• Carbon Trust

• David Brown Gear Systems

• Deafinitions

• Doncaster Borough Council

• Dunhills (Pontefract)

• Keepmoat Homes

• Wakefield Council

Other bids – national 35 direct jobs, 44,587 indirect jobs.

• Capital for Enterprise Limited (CfEL)

• Community Development Finance Association

nick.whitten@estatesgazette.com

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Fifty projects have been awarded £450m as part of an accelerated first round of the £1.4bn regional growth fund, the government announced today. The Department for Business, Innovation and Skills has revealed details of the first round winners showing a big increase from the £250m initially proposed for round one. And as of today, the second round of the fund is open, with bidders able to compete for the remainder of the cash, meaning there will no longer be a third round as had been previously anticipated. In total, 464 bids were submitted for round one, asking for a total £2.8bn. BIS said the 50 chosen projects should create 27,000 jobs directly and a further 100,000 supply chain positions, with the £450m allocated leveraging more than £2.5bn ofn private sector investment. Winning bids included an expansion of the Haribo factory in Wakefield, Bruntwood’s scheme to convert a hospital in Manchester into a biomedical centre of excellence and the construction of a manufacturing plant on the Lotte Chemical site in Teesside to develop resins for food and drink packaging. The closing date for round two bids is noon on 1 July 2011. Full list of winners is: East Midlands and South East Midlands 1,730 direct jobs, 3,140 indirect jobs. • General Motors UK • Molecular Profiles • Thales Properties North East 5,216 direct jobs, 8,367 indirect jobs. • AV Dawson • Bridon International • Chirton Engineering • Cleveland Potash • Connor Solutions • Cumbrian Holdings • DUCO • Durham County Cricket Club Holdings • Lotte Chemical UK • Nifco UK • Nissan Motor Manufacturing (UK) • Proctor & Gamble Technical Centres • SSI UK • Turbo Power Systems North West 5,533 direct jobs, 2,279 indirect jobs. • Ames Goldsmith UK • Bentley Motors • Bruntwood/Manchester City Council • Holroyd Precision and sister companies • Liverpool Echo • Muse Developments • Pilkington UK • The Stobart Group and ProLogis (with Halton Borough as the administrator) • Tygavac South East and East of England 427 direct jobs, 361 indirect jobs. • e2v technologies (uk) South West 787 direct jobs, 535 indirect jobs • EADS UK • Messier-Dowty • South Devon College • West Daily Press and the University of Plymouth West Midlands 6,193 direct jobs, 34,669 indirect jobs. • Alstom Grid UK • Birmingham Chamber of Commerce (on behalf of Birmingham City Council) • Bosch Thermotechnology • Jaguar Land Rover • Prince’s Regeneration Trust Yorkshire & Humberside 7,628 direct jobs, 2,716 indirect jobs. • Carbon Trust • David Brown Gear Systems • Deafinitions • Doncaster Borough Council • Dunhills (Pontefract) • Keepmoat Homes • Wakefield Council Other bids – national 35 direct jobs, 44,587 indirect jobs. • Capital for Enterprise Limited (CfEL) • Community Development Finance Association nick.whitten@estatesgazette.com To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.