In spite of challenging economic conditions, West Norfolk appears to be harnessing opportunities for growth, says the borough council.
Its economic development team says that in recent months the borough has been very successful in attracting new funding and investment into the area.
In Norfolk a total of £676,458 has been awarded through the Eastern Agri-Tech fund. Of that, £480,965 has been awarded to companies in West Norfolk. That represents well over two-thirds.
Add to this funding secured through the Growing Business Fund and the Small Grants Scheme. A total of £778,720 was secured by West Norfolk businesses. West Norfolk was ranked third of all Norfolk Districts for Growing Business Fund grants and fourth for Small Grants Scheme grants.
Further projects include the King’s Lynn Innovation Centre which is being built on the Nar Ouse Regeneration Area site (£500,000 from New Anglia LEP Growth Deal and £2,500,000 New Anglia LEP Growing Places Fund), College of West Anglia University Centre (£6,500,000 from New Anglia LEP), Lynnsport Access Road (£1,000,000 from New Anglia LEP) and the National Construction College at Bircham Newton(£4,500,000 from Great Cambridge, Greater Peterborough LEP).
Nick Daubney, leader of the council, said: “The ingenuity, strength and resilience demonstrated by our local businesses never fails to amaze me but it’s rare that you draw all the dots together to see the big picture.
“Over the last year and a bit, businesses in West Norfolk have levered in a phenomenal amount of funding to help grow and develop their business or to tackle the skills gap by building educational facilities. And we are not talking small numbers here; we’re talking about substantial sums of investment that will really make a difference.”
“When I speak to local business owners I get a really strong sense that we are all heading in the same direction. We all know that we need growth to secure the long-term economic future of the town. This growth requires investment in infrastructure as well as new jobs in new or growing businesses. It also needs people who have the skills to do those jobs.
“I get a real sense of shared vision in West Norfolk and when you look at all the initiatives together, you can feel quite heartened about the area’s future. These are indeed exciting times and I would like to thank and congratulate everyone that has played their part.”