Search

New Anglia in line for cash boost

06:30 18 September 2012

Adnams chief executive Andy Wood supports auto enrolmen

Adnams chief executive Andy Wood supports auto enrolmen

Archant

Business and council leaders in East Anglia will be given hundreds of thousands of pounds to boost economic growth in the next three years.

After 2010 leading figures from local authorities and the private sector in Norfolk and Suffolk got together to form the New Anglia Local Enterprise Partnership (LEP).

Meanwhile similar bodies were set up across the country, each tasked with finding ways to nurture new business in their areas.

Yesterday ministers announced a £24m package of funding for LEPs across the country, with each due to get £124,000 this year.

Chair of the New Anglia LEP Andy Wood said: “I’m pleased the government has decided to support LEPs like this.

“During the first year of operation right across the LEP network we have not always had the resources, the personnel, to deliver the projects that we would like to and this core funding will go a long way to alleviating that.

“LEPs are private sector led with the aim of creating jobs and economic growth. This funding will ensure the New Anglia LEP will be able to work still more effectively with its partners to achieve its aims.”

Meanwhile in each of the next three years every LEP will be able to draw up to £250,000 a year to support enterprise and growth in its area.

The money will be handed to the LEPs as long as they can lever in match-funding from the public or private sector in their area.

Business and Enterprise Minister Michael Fallon said: “It is crucial we arm local enterprise partnerships with the tools and resources they need to play a prominent role in delivering growth and jobs for their communities.

“This funding will help LEPs plan for the long term and ensure they can remain locally-led instead of dependent on central government support.”

Search hundreds of local jobs at Jobs24

2 comments

  • Maybe Mr. Wood can explain to Norfolk's young hopefuls how many apprenticeships this money will add to the 300+ NCC hopes to create with 3.5million, how much of this will promote urgently needed engineering programmes and how much will be swallowed by 'administration'.

    Report this comment

    ingo wagenknecht

    Tuesday, September 18, 2012

  • And if it doesnt boost economic growth can we sack Wood and all the jobsworths for wast6ing public money ?. And will we be told where this money is being spent ? or will it be hush hush and spent on more "jobs for the boys" ?.

    Report this comment

    "V"

    Tuesday, September 18, 2012

The views expressed in the above comments do not necessarily reflect the views of this site

Management Jobs

Show Job Lists

Insight

Kevin Jordan is Credo Asset Finance's prestige and luxury vehicle specialist.

Sponsored: If you’re looking for a dream car for Christmas, Credo Asset Finance’s prestige and luxury vehicle specilist can find you the right deal, says Simon Gray.

From left, Sarah Gilder and Dominique Fell-Clark of Digibee. Sarah has taken part in a Future50 work shadowing project with neighbouring business The Avanti Group.

How can you bring new skills into your business when staff turnover is low and money may be tight? SHAUN LOWTHORPE talks to the Future50 businesses swapping ideas as part of an informal work shadowing programme.

Green 100

cover

Enjoy the Green 100
digital edition

Read

Mustard TV

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up