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Over 100,000 new jobs to be created through Regional Growth Fund

Published: Tuesday, 12 April 2011   Category: All Graduate job news

The government is set to invest £450 million in the UK economy though the Regional Growth Fund. It is likely that this will lead to many graduate opportunities across the country.

According to the government, 27,000 jobs are expected to be directly created and safeguarded, with around 100,000 more being created indirectly in supply chains and local economies.

Nick Clegg, the deputy prime minister and leader of the Liberal Democrats, said that the move was one of the first steps the government is making to change the UK economy.

"Today is a step towards rebalancing our economy away from an unhealthy overreliance on a small number of industries and a few areas," he said.

"We need to spread opportunity across the whole country, drawing on our many talents … with the right support these businesses can work with their communities and together play their part in leading the country back into prosperity."

It was announced by Lloyds TSB yesterday that the south east of England is leading the way in the economy's recovery.

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