Companies could upgrade IT systems with 450m boost
By Deborah Bates
12/04/2011
Companies could choose to invest in efficient network management software if they receive a portion of the government's £450 million investment in regional companies.
It is thought that the investment by the coalition government will not only provide extra cash for regional companies to invest as they wish, but also help them to create and protect jobs for their staff.
IT Pro also reported that further financial support is yet to come from Parliament; which may allow more firms to invest in their IT infrastructure, re-assess their supply chains or even improve the benefits offered to new and existing staff.
The deputy prime minister, Nick Clegg, made an official statement regarding the announcement. He praised the investment, call it "a step towards rebalancing our economy."
Clegg went on to add that companies throughout the UK had to benefit, arguing: "We need to spread opportunity across the whole country, drawing on our many talents," as cited by The Press Association.
"I know that with the right support, these businesses can work with their communities and together play their part in leading the country back into prosperity."
Some industry experts have suggested that this large investment from government may prompt a further £2.5 billion to be invested by the private sector. This may mean many small businesses are given the financial support they require in order to build and grow their companies effectively.
