Local enterprise group nets £3m funding

A PROJECT to promote communities, businesses and enterprises in the Waveney Valley area has secured more than £3 million of funding from the East of England Development Agency under the Rural Development Programme for England.

A PROJECT to promote communities, businesses and enterprises in the Waveney Valley area has secured more than £3 million of funding from the East of England Development Agency under the Rural Development Programme for England.

It is part of more than £20million of funding to be allocated by EEDA across the region between now and 2013 to local action groups, through which private businesses and community interests will play a key role in defining and addressing local needs.

The Waveney Valley Local Action Group is one of six groups in the East of England to succeed with an application for funding under the Rural Development Programme for England (RDPE).

It has been given the go ahead to develop in full a six year investment programme to increase the economic opportunities in the area and help land-based businesses, rural businesses and communities.

Richard Ellis, chairman of EEDA, said: “I am delighted that Waveney Valley Local Action Group has been successful in its bid to develop an investment programme worth in excess of £3 million using RDPE funding .

“These funds will help the group identify innovative solutions to their local needs and improve the competitiveness and sustainability of local land based and other rural businesses.

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“Each of the groups offers strong and exciting programmes of local development and I look forward to seeing the results.”

Michael Mack of the Waveney Valley Local Action Group added: “The Waveney Valley is a very special place as all those that live in it know. As the area has never worked as one on a programme we are very exited about the opportunities that this unity will create.

“The development of the Waveney Valley identity will be a key focus of our work over the next six years.”