UK lender Close Brothers Asset Finance has distributed the funds it was awarded in the third round of the governments Regional Growth Fund (RGF), totalling £30m (42.3m).
The RGF was designed to support investment by SMEs in the private sector in order to create economic growth and sustainable employment across the English regions.
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In round three of the RGF, Close Brothers Asset Finance provided funds to 787 SMEs across the country.
95% of the funds from Close Brothers Asset Finance were deployed outside London and the South East, with 22% going to SMEs in the North East, 21% in the Midlands and 21% in the North West.
Chief executive officer at Close Brothers Asset Finance, Mike Randall said: "I’m very pleased and proud to announce that we have allocated all of the funds we were awarded in round three of the Regional Growth Fund, helping nearly 800 SMEs across the country to achieve their goals.
"The £30 million we’ve distributed has in turn created over £195 million in investment, enabling small businesses to create more than 2000 jobs and to safeguard an additional 1,279 jobs."
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By GlobalDataClose Brothers Asset Finance was also awarded a further £40 million in round five of the RGF.
