Michael Fallon, Minister of State for Business and Energy, today confirmed that the Black Country has retained extensive coverage of Assisted Area status for the period 2014-2020, which permits the granting of additional financial support to organisations. This support primarily encourages business growth, which can positively affect these locations and the whole UK economy. Assisted Area status offers eligibility for regional aid, but does not in itself confer any funding.
Delma Dwight, Head of the Black Country LEP Economic Intelligence Unit said:
"The Black Country LEP's rigorous, evidence based response to the Government's consultation has resulted in widespread retention of Assisted Area coverage and boosts the ability of Black Country businesses to benefit from Regional aid such as the Regional Growth Fund."