Government confirms Bentley funding

BENTLEY Motors has had an award of £1.69m of funding from the government’s Regional Growth Fund confirmed.

The money was announced during the first round of Regional Growth Fund awards, but has just been approved following a due diligence process.
It will be used to upskill existing staff and to allow the firm to take on more staff as part of an overall £4.5m project.

The company has also received a conditional £3m award during the second round of bids to help develop a new powertrain application.

Deputy prime minister Nick Clegg said: “For too long the UK economy has been too focused on the City of London.

“The Regional Growth Fund is unlocking private sector investment, with at least £5 put in for every £1 of

public money, letting businesses in Britain thrive.”
Business Secretary Vince Cable said: “This support continues to provide a significant boost to the local economies, lever in significant investment and will create jobs where they are needed most.”
More projects are expected to complete the legal checks and receive their funding in the coming months.