Good News for East Anglia on the job front. The Governments Regional Growth Fund has just allocated another £46M to the region to create both jobs and growth. £90M in Government Money has been pumped into the region in the last 4 years and 13 projects were highlighted as being successful in receiving those funds. The Regional Growth Fund (RGF) is a £2.3 billion flexible and competitive fund designed to be implemented between 2011 and 2017 to create jobs in the Private Sector into the mid 2020’s. This East Anglian RGF launch was supported and promoted by Government Ministers including the Business Secretary Vince Cable.
The Yarmouth and Lowestoft Enterprise Zone, set up in 2012m plans to create 1500 jobs plus secure £20M funding by 2015.
Beneficiaries include Dutch company Venko Offshore who moved to this Enterprise Zone last year. Venko are an International coating contractor specialising in fabrics maintenance and they have won a 5 year contract to support 35 North Sea Oil Platforms. They expect to create 100 jobs in Project Management, technical support and surface penetration etc.
Millbrook, the Automotive specialists, will benefit by £2M which will be spent on R&D in advanced propulsion and emission systems and plan to create 45 new jobs.
JDR Cable Systems who provide telecommunications connectivity to the Offshore Energy Industry, Dalepak Ltd a Warehousing & Freight company and Cummins Ltd a generator company also shared in the funding.