max temp: 7°C

min temp: 7°C

ESTD 1874 Search

Lowestoft/Great Yarmouth: Enterprise zone secures further £3m in Government funding

17:47 28 May 2014

Beacon Park in Gorleston is set for further expansion after securing an additional £3m of Government cash to help attract new energy firms. Photo: Mike Page

Beacon Park in Gorleston is set for further expansion after securing an additional £3m of Government cash to help attract new energy firms. Photo: Mike Page

Copypright Mike Page, All Rights Reserved Before any use is made of this picture, including dispaly, publication, broadcast, syn

The Government is injecting an extra £3million into Beacon Park, one of six designated sites within the Lowestoft and Great Yarmouth Enterprise Zone.


The investment will help fund the completion of key infrastructure to open up the whole of the Gorleston site for development and will lever in further investment totalling £7.3m which will see seven new industrial and office buildings constructed.

James Gray, investment director of the East of England Energy Zone, who works to attract large-scale inward investment from energy firms into the area, said the move would pay dividends, with more energy firms lining up to move into the area.

“The enterprise zone works,” he said. “What has been really helpful is the Chancellor’s decision in the budget to extend enterprise zone status until 2018.

“It’s really over the next two or three years that we will see a lot of movement in the offshore wind industry. When you look at the market, the really big stuff is going to come in the next 24 months or so.”

Brandon Lewis, Great Yarmouth MP, and Local Government Minister, whose department approved the funding, said: “I am really pleased. It shows the government is really championing an area like Great Yarmouth. The energy industry and supply chain is growing very fast and to keep that going we need to have the infrastructure in place to grow.”

Trevor Wainwright, leader of Great Yarmouth Borough Council, which owns Beacon Park,said: “We are delighted with this extra funding to further expand Beacon Park, which is a huge vote of confidence in the local economy and in the borough council’s ability to deliver.

“We have already seen a number of companies relocating to Beacon Park, both from the local area and further afield, creating both new jobs and a vibrant area of economic activity. Investment in the Park from both the public and private sector continues to produce strong interest from potential occupants.”

The aim is that the funding will also attract additional private investment over the next two years resulting in further construction, targeted at growing energy-sector companies.

Mark Pendlington, chairman of New Anglia Local Enterprise Partnership, said: “This announcement further bolsters this region’s reputation as an unrivalled energy centre. In the two years since the Enterprise Zone has been created nine companies have opened up businesses there and over 450 jobs have been created.”



Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

The Hot Off The Press premises inTacket Stret, Ipswich, which the company has vacated after 25 years.

A printing company which has operated from the centre of Ipswich for 25 years has relocated – to a purpose-built log cabin in the owner’s garden.

Elaine and Nigel Bowen of Vanguard Communications.

Two businesses which receive support from Suffolk enterprise agency Menta have received Small Business Sunday awards from entrepreneur and former BBC Dragons’ Den star Theo Paphitis.

Wayne Seddon from The Bridge House in London receives his Adnams Pub of the Year award from chief operating officer Karen Hester.

Southwold-based Adnams has named The Bridge House, near London’s Tower Bridge, as its Pub of the Year.

Georgi Rollings, left, and Emma Lawrence of Starfish Accounting.

An Ipswich based provider of online company secretarial software has reached the landmark milestone of having 10,000 users.

Robert Hughes, managing director of Hughes Electrical, and Andy Yallop, store manager, at the company's new branch in Bury St Edmunds.

Hughes Electrical has opened the doors of its new store in Bury St Edmunds following a £200,000 investment which has also created six new jobs, doubling the size of its workforce in the town.

A file picture of the Sanofi factory in Haverhill.

More than 50 jobs are to be axed at the Haverhill site of pharmaceutical group Sanofi.

Barclays has been fined £72m by the Financial Conduct Authority.
Photo: Jonathan Brady/PA Wire

Banking giant Barclays has been fined £72million by the City watchdog for failing to handle potential financial crime risks relating to a £1.88billion transaction for ultra high-net-worth clients.

Ipswich council leader David Ellesmere at the former sugar beet factory site off Sproughton Road.

A new Enterprize Zone involving 10 development sites across East Anglia, with the potential to create 18,500 jobs, was announced by Chancellor George Osborne today.

Natalie Moloney, of Woodbridge events firm Pink Lemonade Productions.

An entrepreneur is up for a fifth business award since her event planning company launched last year.

The Chancellor of the Exchequer, George Osborne, delivering his joint Autumn Statement and Spending Review to MPs in the House of Commons
Photo: PA Wire

The Chancellor’s Autumn Statement and Comprehensive Spending Review today divided opinion between unions employers.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24