Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 22°C

ESTD 1874 Search

Lowestoft, Harwich and Clacton in line for extra funding and tax breaks after clinching Assisted Area Status

10:26 30 April 2014

Harwich

Harwich

Archant

Parts of Suffolk and Essex could be given a “shot in the arm” after winning a new status entitling them to extra funds and tax breaks.

shares

Parts of the North Suffolk coast, Ipswich, Harwich and Clacton are among a number of parts of the country which have been designated with Assisted Area Status.

It is hoped that the move will help create jobs and encourage investment in new premises or machinery in the towns.

In December the Government published its draft map which included 21 wards in Great Yarmouth and Lowestoft. The final map includes these wards, but also includes four wards in Ipswich, including the town centre and much of the waterfront, as well as two in neighbouring Babergh.

Business Minister Michael Fallon said: “Assisted Area status can be a shot in the arm for growth and jobs across the UK. It makes local businesses eligible to bid for additional funding and support that can help them to create jobs, invest in new premises or machinery, develop and grow.

“We listened carefully to local groups to identify places where regional aid can have the biggest impact and help to rebalance the economy. The regeneration of a range of industrial centres, coastal and urban areas has been given a boost today.”

Assisted Area status makes businesses eligible to apply for regional aid, which is typically offered as capital investment for businesses in less prosperous local economies. Programmes in England that offer regional aid include the Regional Growth Fund (RGF) and the Advanced Manufacturing Supply Chain Initiative (AMSCI).

Assisted Area status does not guarantee regional aid funding. Businesses in other parts of the country can still receive support, including RGF and AMSCI, for a wide range of projects.

The areas were chosen based on economic need and economic opportunity.

The towns were seen as places with the potential for business growth.

The new areas have to be rubber stamped by the European Commission, which is expected to take place on July 1.

shares

0 comments

Welcome , please leave your message below.

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

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

Upper Brook Street in Ipswich.

A Trimley St Martin man who fractured a man’s collar bone in two places in a drunken late-night attack in Ipswich town centre has been given a suspended prison sentence.

Post Office services to return to Yoxford

The Post Office in a Suffolk town is moving to new premises, and will offer longer opening hours.

A beautiful day in Christchurch Park, Ipswich

If the weather goes according to forecast this weekend, the advice will be to make the most of tomorrow’s sunshine because thunder and rain could be on the way for Sunday.

Cambridgeshire singer Sam Smith performed at Thetford Forest

There were fears the second night of this summer’s Forest Live concerts would have to be cancelled when Sam Smith announced he was undergoing throat surgery.

Charles Mayes, pictured with friend Pat, who died in the crash.

A tipper truck driver “panicked” and drove off after a crash which saw another motorist die, a court has heard.

The cannabis factory found at Barry Copeland's house

A Suffolk man who allowed his house near Stowmarket town centre to be used as a cannabis factory has been given a suspended prison sentence.

Staff at West Stow Anglo-Saxon Village and Country Park created a real life Hobbit hole fit for Bilbo Baggins - but now a holiday site want to create one you can sleep in

West Suffolk is set to be the home of the UK’s first replica, habitable “Hobbit Hole” from the popular JRR Tolkien fantasy books and films.

A turning HGV blocked a Suffolk road

The driver of an articulated lorry received some “strong words of advice” from police after his attempts to turn the vehicle blocked a Suffolk road.

Man taken to Colchester General Hospital for futher care.

A 28-year-old man was treated for smoke inhalation following a first floor flat blaze in Colchester.

Thousands of people are expected to flock to Ipswich Music Day, in Christchurch Park

Ipswich Music Day this Sunday will see nearly 70 acts perform across nine stages at Christchurch Park.

Most read

Most commented

Topic pages