TREASURY MINISTER LAUNCHES EXTRA HELP FOR NORTH EAST BUSINESSES

Jane Kennedy3rd September 2008

TREASURY MINISTER LAUNCHES EXTRA HELP FOR NORTH EAST BUSINESSES

Labour’s Finance Minister, Jane Kennedy MP visited Tyneside to officially launch a £10m package of measures designed to help North East businesses cope with the current economic climate.

Jane Kennedy MP was joined by Nick Brown MP, Minister for the North East and Alan Campbell MP, Member of Parliament for Tynemouth on a visit to North Shields. Whilst touring the revitalised fish quay, they heard from a number of local businesses about the challenges they face due to changing economic circumstances.

Working with the Regional Development Agency, One North East, the Government has announced a series of measures designed to help companies during the economic slow down. The package includes new grants to help small and medium sized businesses expand, create new jobs and safeguard existing jobs. Additionally extra funding will also be targeted at helping firms cut rising fuel bills by becoming energy efficient.

Jane Kennedy MP said: “I am aware of the difficulties that businesses and households in the region are facing due to the global economic uncertainties.

“Here in the North East we are determined that the Government, along with regional and local agencies, will all work together to ensure that businesses and households get the support that they need and overcome any difficulties they may be facing due to the global economic uncertainties."