Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 13°C

ESTD 1874 Search

Great Yarmouth/ Lowestoft: New Anglia LEP ‘disappointed’ at missing out on Enterprise Zone cash

18:30 29 January 2014

Beacon Park at Gorleston.

Beacon Park at Gorleston.

Archant Norfolk © 2013

New Anglia Local Enterprise Partnership (LEP) has expressed disappointment at missing out on a share of £100million-worth of Government funding to support Enterprise Zones.

shares

The LEP had entered a bid for £5.1m towards the cost of creating some small and medium-sized industrial units on the Beacon Park site at Gorleston, part of the Great Yarmouth and Lowestoft Enterprise Zone, together with associated road infrastructure.

However, the project has failed to make the list of 12 shortlisted schemes announced by the Department for Communities and Local Government (DCLG), although bids by the neighbouring South East and Greater Cambridge & Greater Peterborough LEPs were successful.

A spokesperson for New Anglia LEP said that although the failure to secure part of the latest round of funding was a disappointment, it would continue with efforts to bring the Beacon Park scheme to fruition.

“Whilst we are naturally disappointed for the project not to have been initially shortlisted, feedback that we received was positive, but the competition for this Enterprise Zone funding was intense across the country.

“We will continue to work with DCLG and Great Yarmouth Borough Council to promote the scheme in the hope that further funding will be found to support this project,” the spokesperson added.

Enterprise Zones, a Government initiative overseen by the network of LEPs across the country, aim to promote economic growth through a range of support including business rates relief and a simplified planning process.

Among the bids shortlisted in the latest round of funding were a £5m project at the Alconbury Enterprise Zone in Cambridgeshire, involving groundworks for an office development expected to employ up to 600 people by 2016, and £11.21m-worth of roads to open up vacant land within the Harlow Enterprise Zone in Essex, for developments with potential to crate 2,300 jobs by 2025.

shares

0 comments

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Development of Sizewell C took a huge step forward today as the companies were announced that will build its sister nuclear power station in Somerset.

Lloyds has added £1.4billion to its bill for compensating customers mis-sold payment protection insurance.

State-backed Lloyds Banking Group’s provision for payment protection insurance mis-selling has topped £13billion after it yesterday took another £1.4billion hit over the scandal.

Gary Allen, operations manager,  with Diane Allen and Graham Allen at Ipswich-based Ajax Domestic Spares which is celebratiing 40 years in business.

Ajax Domestic Spares has marked 40 years in business in style by launching a new showroom in Foxhall Road, Ipswich.

The Great House restaurant with rooms in Lavenham.

An award-winning Suffolk restaurant has gained another accolade after being ranked the 26th best in the country.

Gavin Patterson, chief executive of BT.

Photo: BT

BT is to pay out up to £129million to extend the Government-led roll-out of superfast broadband, after a bigger-than-expected take-up of the service.

Centrica has reignited controversy over high energy bills by announcing a 44% increase in first half profits at its British Gas retail division.

Energy giants Royal Dutch Shell and Centrica today revealed plans to axe a total of more than 12,000 jobs.

The Willis building in Ipswich.

Around 200 people are to lose their jobs at the Ipswich office of global insurance broker and risk management group Willis.

Christopher Hayman of Hayman Distillers with his children Miranda and James.

Essex gin maker Hayman Distillers is celebrating after winning a Gold award at this year’s International Wine and Spirits Competition (IWSC).

Bakery chain Greggs saw like-for-like sales rise 5.9% in the six months to July 4.

Higher breakfast sales and a bigger range of healthier products helped Greggs grow underlying profits by 51% in the first half of the year.

Barclays chairman 

John McFarlane.
Photo: VisMedia

Barclays boss John McFarlane today signalled plans to ramp up growth, squeeze costs and streamline the business after announcing a 25% rise in first half profits.

Most read

Most commented

Topic pages