WIREDGOV

The CBI yesterday responded to the publication of the Public Accounts Committee report on the Regional Growth Fund.

Katja Hall, CBI Chief Policy Director, said:

“It is disappointing that the scheme has only awarded £60m since its inception in June 2010.

“It has the potential to act as a catalyst for much-needed jobs and growth.

“But we need to simplify the application process, which experience has shown is burdensome and deters companies from applying, so this needs to change.”

Notes to Editors:

The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.