1.121 The Government is committed to rebalancing investment and growth across the whole of the UK. To support this, the Government will:
• increase the Regional Growth Fund for England by £1 billion, plus Barnett consequentials for the devolved administrations, and extend it into 2014-15 to provide ongoing support to grow the private sector in areas currently dependent on the public sector. The Regional Growth Fund has already allocated £1.4 billion to 169 projects supporting an estimated 325,000 jobs;
• subject to due diligence, expand the existing Enterprise Zone in the North East to include land around the Port of Blyth, encouraging business investment in the renewables industry. The Government will also consider an Enterprise Zone in Battersea linked to the redevelopment of the power station;
• make 100 per cent capital allowances available in the following Enterprise Zones: the Black Country; Humber; Liverpool; North Eastern; Sheffield; and Tees Valley; and
• approve proposals from the Lancashire and Humber Local Enterprise Partnerships to form Enterprise Zones on and around the BAE Systems' sites in these areas.