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<p> </p><p> </p><p> </p><p>The North East has been allocated £240.8 million across
Rounds 1-4 of the Regional Growth Fund. This is expected to create or safeguard 25,700
jobs and leverage £1.1 billion of private sector investment. The table below shows
the total allocation by Round, the amount that has been paid out and the amount spent.
The North East has been allocated £57 million in Round 5.</p><p> </p><table><tbody><tr><td><p><strong>Round
</strong></p></td><td><p><strong>Allocation (£m)</strong></p></td><td><p><strong>Amount
paid to date (£m)</strong></p></td><td><p><strong>Amount spent to date (£m)</strong></p></td></tr><tr><td><p>1</p></td><td><p>£34.3</p></td><td><p>£33.8</p></td><td><p>£33.8</p></td></tr><tr><td><p>2</p></td><td><p>£64.3</p></td><td><p>£56.3</p></td><td><p>£54.8</p></td></tr><tr><td><p>3</p></td><td><p>£112.5</p></td><td><p>£45.9</p></td><td><p>£29.5</p></td></tr><tr><td><p>4</p></td><td><p>£29.7</p></td><td><p>£2.1</p></td><td><p>£1.5</p></td></tr></tbody></table><p>
</p><p> </p><p> </p><p>The difference in amount paid versus amount spent relates to
those regional programmes, which are paid quarterly in advance, ahead of them administering
grants to small and medium-size businesses in the region.</p><p> </p><p> </p><p> </p><p>
</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>
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