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Norfolk and Suffolk Economic Strategy

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Norfolk and Suffolk Economic Strategy NORFOLK AND SUFFOLK ECONOMIC STRATEGY A STRATEGY FOR GROWTH AND OPPORTUNITY NOVEMBER 2017 CONTENTS Foreword 3 Norfolk and Suffolk 2017 8 Our Sectors 12 Our Ambitions 16 Priority Themes and Places 18 Making it Happen 30 University of Suffolk Students 2 CONTENTS OUR POTENTIAL 88,000 GROW OUR ECONOMY BY 66% NET NEW JOBS OF THE BY 2036 £17.5 POPULATION BILLION WITH NVQ3+ 140,000 IN REAL TERMS BY 2036 BY 2036 NEW HOMES GVA PER HOUR OF BY 2036 £39 BY 2036 A HIGHER PROPORTION INCREASED OF PEOPLE ENGAGED IN THE MEDIAN WAGES BY LABOUR MARKET THAN ACROSS 30,000 £200 THE UK BY 2036 NEW SUCCESSFUL MORE PER BUSINESSES BY 2036 WEEK BY 2036 FOREWORD 3 94 91 67 75 573.3MW 97.2MW 402MW 88 KEY 316.8MW OUR PLACE Clean Energy Cluster • Sheringham Wells-next- • Finance & Insurance Cluster • Hunstanton the-Sea •• Cromer Digital Cluster Bacton Gas A140 Life Science, Advanced To Lincolnshire, A148 Terminal & the North North Walsham • 1800MW Food Tech & Biotech Cluster Kings • 120 Fakenham Food Enterprise Zone Lynn TBC A17 A149 1800MW University Norwich Enterprise Zone International Airport Wo rldwi de de stin Oil & Gas Rig A47 A47 atio 120 Norwich ns Marham A47 Great an 1800MW Wind Farm Yarmouth d m a Gas Terminal Peterborough Downham rk et s Nuclear Power Station •Market 45 m A11 172 in Airport A10 Lowestoft u te Norwich to London 1200MW s Shipping Port a To the 90 minutes w Midlands Lakenheath Diss a The National Stud • Thetford y Ely Southwold RAF Base Mildenhall • Eye Airfield A12 Rail Europe’s All A11 A140 Energy Coast A14 102 A14 • Bury St Edmunds Sizewell 800MW Cambridge • Newmarket Stowmarket • TBC Ijmuiden TBC 714MW A1307 • Haverhill Aldeburgh 800MW The Sudbury Woodbridge Ipswich Hook M11 Amsterdam Hadleigh A14 A1 Felixstowe 504MW 336MW Rotterdam 196 Harwich • UK’s biggest container Netherlands Stansted port, handling 40% A12 of all trade 48 Zeebrugge M25 Ipswich to London 172.8MW Antwerpen 60 minutes Brugge 175 630MW London Calais M25 Belgium 4 FOREWORD EXECUTIVE SUMMARY 4 France Lille historic market towns and a large rural economy. Our We have the world’s first International Aviation Academy FOREWORD natural landscape and our rich cultural heritage give in Norwich and expanded the network of specialist Norfolk and Suffolk its distinctive character. We are innovation and enterprise centres - Norwich University Our economy forward looking and our economy is well positioned of the Arts Ideas Factory, University of Suffolk’s Ipswich contributes £35bn to to capitalise on the opportunities created by further Waterfront Innovation Centre, University of East Anglia UK plc and investment advances in technology and digital connectivity. Enterprise Centre and King’s Lynn Innovation Centre. We are determined that growth will be inclusive, Other investments include the flood alleviation scheme here delivers growth. benefiting all our people. We are looking ahead to the in Lowestoft, the regeneration of the Cornhill - bringing a Since 2010 our Government’s industrial strategy, working together new heart to the retail centre of Ipswich and19 transport economy has grown as business leaders, local authorities, the voluntary projects including a relief road for Bury St Edmunds to by 9%, faster than and community sector, universities and colleges to unlock 500 new homes (including 30% affordable), 68 many “powerhouse” drive future success in a place where businesses and hectares of strategic employment land, a school and areas. Ours is a diverse residents can thrive and succeed. We are exploring leisure centre. new models of funding and financing the infrastructure economy, but with we need, because the evidence shows we can deliver Our Community Challenge fund has provided grants globally competitive returns and growth. to grassroots voluntary and community groups, clusters that drive our supporting people from disadvantaged backgrounds success. We are well DOUG FIELD We are confident in our ambitions because they are built and facing barriers to economic participation. Chairman of New on the success of our original 2014 Strategic Economic connected to London, Anglia Local Cambridge and wider Plan. This has delivered more jobs, new businesses Sixteen sites across the two counties have secured Enterprise Partnership and housing. The numbers tell the story. Since 2014, Enterprise Zone status, providing benefit from international markets, 43,600 more jobs and 5,710 new businesses have business rate discounts, simplified planning and with higher than average levels of economic been created and 18,850 new homes built. Over access to superfast broadband. Our award-winning activity. We are ambitious for future growth £350m of government funding has been secured Growth Hub has worked with over 6,300 businesses and we will work with Government and private and will be invested in the region by 2021 in a wide giving 29,300 hours of face-to-face support. investors to deliver it. range of projects to improve skills, drive innovation, We have achieved much, but there is more to do. support growing businesses and improve transport and We have an excellent understanding of our economy other infrastructure. Over £260m of private sector Our Economic Strategy reflects the evolving needs and the opportunities ahead. New technologies, funding has also been unlocked, outstripping our and opportunities of our growing local economy and techniques and collaborations across sectors will original commitment of £199m by 2021. how it can respond and succeed in a fast changing further drive growth, raising productivity and moving world. The Government’s emerging Industrial Strategy firms into new products and markets. Our strategy Collaboration and hard work from all partners has also provides an opportunity to further boost our is to generate growth across all sectors, focusing on been at the heart of this success. Together we have sectors and drive growth. creating high value, highly skilled jobs and industries, invested and delivered transformative projects and whilst also providing the technical skills, access to initiatives. MyGo in Ipswich is the first dedicated youth innovative techniques and support that all businesses employment centre in the country and we have one of “ Together we will deliver the and the wider workforce needs to succeed. the most established Enterprise Advisor Networks of any region, connecting local business leaders with Economic Strategy by prioritising Norfolk and Suffolk has a number of centres of local schools and colleges helping to motivate and economic activity, with fast growing urban areas, inspire young people. action and investment.” FOREWORD FOREWORD 5 We have an excellent understanding of how • Recent investment has and will continue to Macro-economic changes such as technological our economy is working, how it is changing improve our road, rail and digital networks. This advances and automation will change how we maximise these opportunities and act on these and what our sectors need. We know that: is particularly important given the area’s large travel to work areas and with rail commuting increasing. opportunities in the years ahead. The country’s But we can go further and faster. Many of the exit from the EU will also alter Norfolk and Suffolk’s • We make a very significant contribution to UK area’s businesses rely on mobile and broadband interaction with partners in Europe and further plc. We have excellent business opportunities, connectivity and increasingly more will do so as afield. Opportunities arising from changes to high quality and affordable places to live, a good patterns of home and remote working and networked migration, trade and funding should be harnessed availability of commercial land and a fantastic leisure businesses grow. to drive the area’s economy, whilst recognising that and cultural environment, all close to London and the current uncertainty will impact on business and Cambridge. We need to make sure that this offer is investor sentiment. well understood and recognised by Government to We have major growth locations in Norfolk and make the case for the public and private investment Stokes Sauces, Rendlesham, Suffolk, with a robust evidence base and detailed needed to drive future growth. East Suffolk understanding of what is needed to continue to drive and unlock their further success. The locations are our • We have strengths in clean energy, digital, life priority places and include: science and high value food production. These sectors all have high value growth opportunities. • Ipswich and the surrounding area. They are often concentrated near communities • Norwich and the Greater Norwich area. which do not have all the skills needed to fully • The Norfolk and Suffolk Energy Coast, including benefit. Linking investment in skills more closely with Bacton, Great Yarmouth, Lowestoft and Sizewell, the communities and businesses nearby will provide with assets on and offshore. more opportunities for residents. • The Cambridge-Norwich corridor growth – • Norfolk and Suffolk is an attractive place to connecting two global centres of research. live and work. People of all ages, including young • The critical east west growth corridors along the people, families and skilled professionals move to A47 from Lowestoft and Great Yarmouth to King’s the area every year. Building on this success, we Lynn and the A14 from Felixstowe through Ipswich, need to encourage even more young people and Stowmarket, Bury St Edmunds, Newmarket and families to stay or locate in Norfolk and Suffolk, Haverhill to Cambridge. showing them the opportunities and careers that exist in our economy for people of all ages. • King’s Lynn - and the A10 and rail corridor to Cambridge. • Improving technical skills and adopting new Boosting our infrastructure is central to delivering all techniques will further drive productivity our ambitions. Our priority places are interconnected, and growth. Many businesses across different dependent on transport links and draw on many of sectors have increasingly similar technical needs. the same labour markets and supply chains.
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    Operator Name Location Name Address Name Address Street Address Town Address County Address Postcode 1 Address Postcode 2 Incumbent Duty Type Text Previous Name LA Code Local Authority Country AMG Superalloys UK Limited Rotherham Fullerton Road Rotherham South Yorkshire S60 1DL COMAH Upper Tier Operator (was London & Scandinavian Metallurgical Co Ltd) 4415 Rotherham England Anglian Water Services Limited Wing Water Treatment Works Morcott Road Oakham Rutland LE15 8SA COMAH Upper Tier Operator 2470 Rutland UA England Arch Timber Protection Limited Huddersfield Huddersfield Works Leeds Road Huddersfield West Yorkshire HD2 1YU COMAH Upper Tier Operator (was Arch UK Biocides Ltd) 4715 Kirklees England Argenta Dundee Limited Dundee Dunsinane Industrial Estate Kinnoull Road Dundee Angus DD2 3XR COMAH Upper Tier Operator (was Vericore Limited) 9059 Dundee UA Scotland Associated British Ports Immingham Dock Immingham Dock Immingham Lincolnshire DN40 2NS COMAH Upper Tier Operator 2002 North East Lincolnshire England Associated Petroleum Terminals (Immingham) Limited Immingham Main Terminal Queens Road Immingham North East Lincolnshire DN40 2PN COMAH Upper Tier Operator 2002 North East Lincolnshire England Avanti Gas Limited Ellesmere Port Britannia Road Ellesmere Port Cheshire CH65 4HB COMAH Upper Tier Operator (was Shell Gas Limited) 4325 Wirral England Avara Avlon Pharma Services Limited Avlon Works Severn Road Bristol South Gloucestershire BS10 7ZE COMAH Upper Tier Operator (was AstraZeneca UK Limited) 0119 South Gloucs UA England BAE Systems
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