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Ford gets a shot at £37million
7:10am Thursday 25th October 2012 in News
FORD will get the chance to bid for money in a Government pot worth £37million as part of a nationwide growth scheme.
The motoring giant, whose headquarters are in Eagle Way, Warley, has been selected as one of the four companies able to bid for Regional Growth Fund money in the East of England and London region.
The announcement was made by Deputy Prime Minister Nick Clegg as the latest stage of the project released £1billion worth of funding to businesses across the UK.
Mr Clegg said: “This £1billion boost for growth in towns and cities across England is creating jobs that will last in the parts of the country that need it most.”
Bosses at Ford will now have to table a formal bid to the Department of Business, Innovation and Skills before a decision on how much money they are allocated is decided.
A total of 414 businesses from across the UK put in initial bids to the Government seeking the chance to receive some of the funding in what will be the third round of the fund.
Out of these, 130 were chosen by officials to get money.
The other firms which will also be able to bid for money in the region are Chelmsford-based e2v, Perkins Engines from Peterborough and the Welding Institute in Cambridge.