Growth Investment For Creative Industries

Projects to market English tourist destinations, support creative and digital businesses, and manufacture luxury leather goods are among schemes that are to benefit from a cash injection as part of the Government’s plans to stimulate growth.
The second round of awards from the Regional Growth Fund, includes 119 bids from businesses and local partnerships with plans to grow, create new jobs and attract private investment.
Projects in the sectors to be funded include: Visit England, Luxury brand Mulberry and Creative England, which aims to support the sustainable growth of independent creative businesses. A revolving fund for match funding to creative and digital small and medium enterprises in the North West, Birmingham and the South West, will help high-potential businesses overcome market barriers.
Creative Industries Minister Ed Vaizey, commenting on the announcement, said: “The Creative England project aims to help small and medium-sized companies develop. Hopefully it will enable these areas to become real centres for digital and creative businesses. Meanwhile, Mulberry’s plans for a new factory will enable the company to expand and build-upon their existing success here and abroad.”
(BMcN/GK)