Strategic Economic Plan Contents
“Releasing our potential” 95,000 Improved more jobs productivity 117,000 10,000 new houses new businesses New Anglia Strategic Economic Plan www.newanglia.co.uk Contents Our Ambition 1 Our Strategic Economic Plan at a glance 2 Executive Summary 3 1. Introduction - Our Growing Economy 9 2. Our Sectors 15 3. Green Economy Pathfinder 28 4. Enterprise and Innovation 34 5. Skills 44 6. Growth Locations 51 7. Broadband, Mobile and Other Infrastructure 66 8. Housing Growth 70 9. EU/ SIF 77 10. Governance 81 Our Ambition We are ambitious to transform the economy of Norfolk and Suffolk and establish the New Anglia area as a centre of global business excellence. Our Strategic Economic Plan (SEP) sets out our ambition to harness our distinct sector strengths and our natural assets to deliver more jobs, new businesses and housing. Our plan commits us to work with government and local partners to deliver: • 95,000 more jobs: In 2012 there were some 760,000 jobs in the New Anglia area. The East of England Forecasting Model predicts that continuation of pre-existing investment plans will see this grow by 63,000 by 2026. Our Strategic Economic Plan will significantly increase this business as usual number by 50 per cent to 95,000 • 10,000 new businesses: Small businesses are the lifeblood of our economy – accounting for more than 95 per cent of businesses in the area. By 2026 we will create a further 10,000 businesses. This equates to an average increase of 1,000 per year compared with an average increase of 516 per year between We have made good progress already in partnership with 2004 and 2008 and an average decrease of 615 per Government with the signing of City Deals for Greater Norwich1 year between 2009 and 2011 and Greater Ipswich and the development of our Enterprise Zone in Great Yarmouth and Lowestoft.
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