Norfolk County Council and the Government have agreed, in principle, a new County Deal for Norfolk, to transfer funding and powers to this area – a process known as devolution.
Subject to reaching final agreement, it will enable the council to invest in areas such as better transport, skills, job opportunities, housing and regeneration, tailored to the specific needs of local people.
The Deal makes it clear that the County Council and Government are “minded” to agree a deal and that further steps will be taken before a final decision.
Under a Deal, Norfolk would receive a £20 million investment fund, every year for 30 years. There would also be specific funding for integrated transport, brownfield development (£7 million), adult education, and infrastructure (£5.9 million for housing, regeneration and development, during this Spending Review period).
New Anglia Local Enterprise Partnership is keen that as many businesses as possible take part in the consultation exercise and make their voices heard.
To have your say on the Deal, a six-week consultation is being carried out from 6 February to 20 March and you can find out how to take part here
Suffolk County Council has also agreed a County Deal, in principle, with the Government and will be conducting its own consultation later in the year.