Duncan visited local business Anthony Best Dynamics with Transport Minister Baroness Kramer, who announced that they have been awarded new money from the Regional Growth Fund set up by Deputy Prime Minister Nick Clegg in 2010.
Duncan brought Chief Secretary to the Treasury Danny Alexander to visit the Bradford on Avon firm last year, promoted their plans for growth to him in the House of Commons and wrote a letter of support when they submitted their bid to the Regional Growth Fund in September.
Organisations across the South West have today been awarded £67m spanning 22 projects and programmes, making a grand total of £240m from the Regional Growth Fund for the region between 2011 and 2017.
Overall, £2.85 billion has now been invested in local companies and organisations across England, unlocking £1.5 billion of additional private sector investment and helping them to safeguard, expand, and take on more staff.
“The Regional Growth Fund set up by the Lib Dems in Government has been great news for Wiltshire and great news for the South West.
“I’m glad we’ve been able to secure the funding Anthony Best Dynamics needs to expand, helping to secure the future of high-skilled manufacturing in our area and creating opportunity for more talented young people to get their start in advanced engineering here.”
Commenting on the launch of the Regional Growth Fund, Deputy Prime Minister Nick Clegg said:
“After decades of regional economies being neglected I set about investing directly in local businesses via the Regional Growth Fund. This investment has allowed regional businesses to be more ambitious than ever before and gone a long way in creating a stronger economy.
“A stronger economy means providing equal opportunity for everyone across the UK, rather than solely relying on the city of London to bolster UK business. The success of the RGF is proof of that putting money in the hands of local businesses helps them flourish, and creates opportunities for more people to work locally.”