Key points raised:
The Port of Felixstowe is Britain’s largest container port with more than 40% of all containers coming in and out of
Britain passing through the port.
The port handles 4million TEUs a year, twice that of any other port. 70% of containers coming through
Felixstowe are delivered to the ‘golden triangle’ including the midlands and the north.
2.6million TEUs are transported by road, 1million by rail and 0.5million by sea. Rail modal share has increased
significantly since 2004 with pent up demand for rail being constrained by infrastructure. Rail emissions
compared to road are 76% lower.
The port is well located with respect to the world’s shipping lanes and has a good offer in terms of national
strategic connectivity.
KC asked the group whether they thought more significant private sector investment in infrastructure was likely in the
future.
3. Maritime cluster update
EG updated the Board on the initial discussions regarding establishing a Norfolk and Suffolk Maritime Cluster.
PD noted confusion between Maritime Clusters and Port Economic Partnerships.
ACTION – Ellen to contact DfT to establish similarities and differences.
PD also noted that short sea economics are challenging compared to both road and rail.
Doug Field presented a short update from Norwich Airport on behalf of Richard Pace.
NF commented that it was challenging to garner business buy-in to new routes before they were introduced.
5. BREXIT update
The LEP submits a weekly report to government on a range of factors. Information is obtained through a number
of sources.
The LEP and Growth Hub advisers have signposted businesses to government’s dedicated webpage
https://www.gov.uk/brexit and encouraged businesses to enhance their overall resilience.
The LEP is looking to ensure that where EU funding is not yet allocated then local projects come forward to
maximise take up for the region and benefit from any opportunities this creates.
The LEP is also engaged in the dialogue with government on the development of the Shared Prosperity Fund – a
“successor fund” for when the UK leaves the EU.
The LEP is also looking, with government, at how to adapt existing programmes of support, both nationally and
locally, to make interventions that help deal with economic shocks or a possible “no deal”.
The Growth Hub has received funding from BEIS to the end of March 2020 for additional staffing resource to
support business preparations on Brexit, with two advisers holding county-wide roles.
The LEP Executive has appointed Metro Dynamics to update the report published in 2017 on the potential
impacts of Brexit for Norfolk and Suffolk. This piece of work will be completed in early January 2020.
Questions for the group:
Are there any businesses that have pulled together a Brexit plan / business resilience plan?
Have businesses assessed the impacts of Brexit? If so, opportunities or negative impacts?
As a sector, what are the key opportunities or main challenges arising from Brexit?
Are there any interventions that you feel are needed as a result of Brexit in the business support landscape?
ACTION – all to feedback relevant intelligence