New Growth Deal funding means more jobs and security for hardworking people in Norwich

Chloe has welcomed the announcement of additional funding to support businesses and infrastructure in Norwich – helping to create jobs and support businesses.

 

New Anglia, the Local Enterprise Partnership (LEP) for Norwich and the local area, has been allocated an additional £48.5m. This brings New Anglia’s total allocation of Growth Deal funding to £221.8m.

 

New investment in projects such as The Norwich InternationalAviation Academy, will provide further support for local businesses in the County.  By devolving power and decisions from Whitehall, we are allowing local people to be in the driving seat as the local economy powers ahead.

 

Growth Deals bring together government funding for investment in infrastructure, housing, and other projects and put it in a single pot, which is placed in the hands of local authorities and businesses to invest – because they are best placed to know how to deliver local jobs and growth.

 

As part of its long-term plan to build a stronger economy, across the country the Government has announced a further £1 billion of funding for Growth Deals, which comes in addition to £6 billion from the Local Growth fund announced in July last year.

 

Chloe commented:

 

‘This £48.5m of extra funding is fantastic news for local people in Norwich.

 

‘Crucially, decisions on how this money is spent are being made by local people who are best placed to ensure it makes a real difference. Projects like The Norwich International Aviation Academy will help bring growth and prosperity to our area.

 

‘As founder of Norwich For Jobs, the local campaign to get young people into work, which is backed by local businesses, I strongly support the proposals for an Aeropark which could create thousands of jobs in the local economy. To do that, we need more skilled engineers and the Aviation Academy will show we can do this in Norwich.’

 

‘This Growth Deal is a key part of our long-term economic plan to secure a better future for the hardworking people of Norwich. Its funding will help local businesses create the jobs we need so more hardworking families can have the security of a regular pay packet, and will help equip our young people with the skills they need to get on in life.

 

Greg Clark MP, Business Minister, said:

 

‘For Britain to fulfil its potential every part of the country must be an engine of growth.

 

‘Our successful programme of City Deals and Growth Deals have put local people in the driving seat as the local economy powers ahead.  This billion-pound expansion of Growth Deals fuels the momentum that is now underway in our local economies.’