Covid-19 Economic recovery
New Anglia LEP is working with partners to drive the Covid-19 economic recovery in Norfolk and Suffolk.
The Norfolk and Suffolk Covid-19 Economic Recovery Restart Plan brings together commitments and actions from local authority, private sector, third sector and education organisations to outline the key activities in place to help our region’s economy restart after the COVID-19 pandemic.
The Norfolk and Suffolk Visitor Economy Recovery Plan, from New Anglia LEP and Visit East of England, outlines commitments and actions to support our tourism and cultural sectors.
In August 2020, New Anglia LEP submitted its response to the BEIS Super Inquiry on Post-Pandemic Economic Growth. You can read the response here
What is the Covid-19 economic recovery restart plan?
The plan brings together commitments and actions from local authority, private sector, third sector and education organisations across Norfolk and Suffolk to outline the key activities in place to help our region’s economy restart after the Covid-19 pandemic.
It complements local recovery plans being developed at county and district levels, which will cover additional activity, individual places and health and education. The plan will also feed into the Government’s national recovery plan.
Since many businesses were forced to close their doors in March 2020, the response to the economic crisis has been unprecedented. From support provided by central and local Government to the efforts of local businesses and volunteers, which has all helped to mitigate the impact of the crisis on many businesses and individuals. But it is equally clear the economy will take time to recover, and the coming months and years will be challenging for employers and employees alike.
The Economic Recovery Restart plan is a tactical plan covering the period from June 2020 to summer 2021, supporting business confidence as they reopen and start trading in an environment dominated by social distancing regulations. It includes initiatives already launched in the Response phase, since March 2020.
The Restart plan will be revised regularly, leading into the development of the Renew plan in summer 2021. This will be a longer-term, 3-5 year plan to rebuild the economy which builds on the Economic Strategy and Local Industrial Strategy and responds to long term changes brought about by the pandemic. We want our businesses and institutions to recover and will encourage them to become more innovative and resilient as they too look to the future.
Local partners have already committed to a clear vision to drive economic growth across Norfolk and Suffolk.
In the Norfolk and Suffolk Economic Strategy, we have pledged to work together to transform our economy into one of the best places in the world to live, work, learn and succeed in businesses and that ambition still stands.
We stand by the commitment made in our Local Industrial Strategy to become the UK’s Clean Growth Region, driving clean, inclusive and productive growth. This will now be a greater challenge, but new opportunities are emerging which could make significant advances in some areas of the economy.
The wider economic and political climate of Brexit also still has a significant part to play in plans for the coming years.