THE Government has confirmed that Staffordshire Chambers of Commerce has won £4 million from the next wave of Regional Growth Fund (RGF) funding to provide grants to support Staffordshire businesses.
Nationally, the RGF is a £3.2 billion fund designed to stimulate business development.
Matt Hustwit, Jobs and Growth Fund Programme Manager at the Chamber, said: "This is fantastic news for the Chamber, allowing us to support the growth of both Staffordshire business and the local economy.
"RGF funding is playing a pivotal role in supporting business, stimulating growth and creating and safeguarding vital jobs.
"By winning our bid to deliver the next round of grants, we are keeping our impetus and fuelling the economic recovery.
"RGF looks for quality projects that can generate significant private sector investment and create sustainable jobs.
"At the Chamber, we have received a further £4 million to help businesses create another 900 jobs by February 2017.
"This is to complement the long-term approach of the Local Enterprise Partnership's strategy – helping us to invest in and support businesses."
Sara Williams, Staffordshire Chambers, Chief Executive: added: "We are delighted to have won the bid to deliver RGF 5 and help foster business growth across the region.
"Staffordshire's ambitious companies can use this investment to develop and create more jobs locally.
"We have already achieved significant positive results from a previous round of RGF funding.
"This will allow us to maintain momentum and keep stimulating growth."
To find out more about RGF funding, please contact Sarah Colclough at firstname.lastname@example.org.