New Anglia Local Enterprise Partnership has welcomed the announcement that the Suffolk Energy Gateway project has been successful in its bid for business case development funding to the latest competition round of the Local Majors Fund.
The news came in the Treasury’s Transport Projects publication, as part of a £1.1bn investment in local transport networks announced in today’s Autumn Statement.
In his statement, the Chancellor, Phillip Hammond, made a number of announcements with significance to the LEP’s work to drive growth and bring jobs to the East. New Anglia’s Managing Director, Chris Starkie, watched the statement in full and made the following comments:
- £1m Business case development funding for Suffolk Energy Gateway project:“This is fantastic news for every commuter, business and visitor to our region affected by congestion on the A12 – and of course for the four villages involved. SEGway will unlock economic growth in East Suffolk and open up the energy sector in Norfolk and Suffolk to the rest of the world. The LEP, together with our local authority partners, has already proved the value of business case development funding in stating the case for the Upper Orwell Crossing in Ipswich and Lake Lothing in Lowestoft – both projects are now going ahead with funding from the Local Majors Fund. We can now beging work to add SEGway to that list of achievements.”
- Cllr Guy McGregor, Chair of Sizewell C Joint Local Authorities Group for Suffolk County Council: “We welcome the news from government today that they have announced business case development funding for the Suffolk Energy Gateway. We put forward a request of £1million to take this project forward. The scheme is to a build the bypass for Farnham, Stratford, Glemham and Marlesford, and we can now push on with further scheme preparation immediately. We will now be formulating the case which furthers Suffolk County Council’s, and my, commitment to the residents of those four villages.”
- £23bn to be spent on innovation and infrastructure over the next five years, including a Science & Innovation Audit for the East:“New Anglia was one of four LEPs to jointly bid for an SIA for the East. This Audit will better inform central Government of our region’s strength for potential future funding streams, and assist with foreign direct investment. It’s a huge vote of confidence in the world class work in Life Sciences, Agri-Tech, Advanced Engineering and Manufacturing and Information and Communications Technology already taking place here.”
Jonathan Legh-Smith, Head of Partnerships & Strategic Research of BT Adastral Park in Suffolk, will lead the ICT section of the audit. He added: “BT is delighted that the SIA will provide the opportunity to collect the data to provide compelling evidence of the region’s strengths in ICT and identify concrete actions to firmly place the region at the national level.”
- A £151 million allocation for the East of England, as part of the Government’s £1.8bn Local Growth Fund:“We await the details of our individual allocation, but we are confident in the strength of our case and potential for growth outlined in our submission to Government.”
- £1bn new investment in broadband and 5G:“New Anglia LEP has long campaigned for better broadband and mobile phone coverage in rural areas of Suffolk and Norfolk, which is vitally needed for business and education to thrive. We hope this will be addressed in the details of today’s announcement.”