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Liberal Democrat Leader and Deputy Prime Minister Nick Clegg is today (Thursday 12 February) announcing a further investment worth almost 300m to help local businesses grow.

As part of the sixth round of the Regional Growth Fund (RGF), 63 new projects and programmes across England will receive their share of 297m.

The funding will drive business expansion and is expected to unlock 1.5bn of extra private sector investment. It will also help create thousands of jobs.

Businesses across all industrial sectors will benefit, with 1.1bn being investing in manufacturing, 364m in automotives, 100m in aerospace and 104m for low carbon enterprises.

Commenting Liberal Democrat Leader and Deputy Prime Minister Nick Clegg said:

After decades of regional economies being neglected I set about investing directly in local businesses via the Regional Growth Fund. This investment has allowed regional businesses to be more ambitious than ever before and gone a long way in creating a stronger economy.

"A stronger economy means providing equal opportunity for everyone across the UK, rather than solely relying on the city of London to bolster UK business. The success of the RGF is proof that putting money in the hands of local businesses helps them flourish and creates opportunities for more people to work locally."

Since the RGF was launched in 2010, 2.85bn has now been invested in regional companies, helping them to expand and take on more staff.

Liberal Democrat Business Secretary Vince Cablesaid:

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Investing a further 297m in regional businesses

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WAURIKA, Okla._Less than a week after publishers pulled the plug on the 113-year-old Waurika News-Democrat, one resident has taken the reigns and created a brand new paper.

The Waurika community was stunned last week when one of its biggest mainstays closed its doors for good. The Waurika News-Democrat may be a thing of the past, but thanks to a few residents, Jefferson County journalism will be making a return.

Curtis Plant has spent his life in Waurika and as a former editor of the nearby Ryan Leader, saying goodbye to the News-Democrat was hard.

"We just didn't want to lose the newspaper, and the only way we could preserve that was by starting our own," said Plant.

Plant went into action, talking to folks in town and getting the support from the community he needed to launch the Waurika News Journal, a fine-tuned publication that he hopes will pick up where history left off.

"That's what the people here want to see. They enjoy seeing their grandkids and kids on the front page and local sporting events, and they don't care so much about the big stories, but they care about the local stories," said Plant.

The News Journal's predecessor closed up shop after publishers cited "difficult economic conditions" as the reason for closing. It's something Plant is hoping to avoid by staying small and keeping it in the family.

"I'll be the editor, my daughter will be the office manager [and] my dad will be in charge of circulation. So, we're going to keep it pretty small, but we're hoping that it'll grow," explained Plant.

It's the community that drives this new business, and with support pouring in on Facebook, Plant plans on utilizing video and other media online in the future. But he says first and foremost, he'll continue to stick with what works for Waurika.

"People here still like to hold the paper in their hands. And they clip the pictures out for scrapbooks and it's a tradition here. The people here are great and they have a right to have their history recorded. We all have a sense of community and we just want to preserve that," said Plant.

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Waurika News Journal to pick up where News-Democrat left off

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