Economic growth boosted in Essex by £442 million deal

Business / Thu 10th Jul 2014 at 01:02pm

ECONOMIC growth in Essex will be boosted by a £442.2m ‘Growth Deal’ for the South East announced by Government today, which will help deliver a number of key infrastructure projects across the county.

Schemes in Essex to be allocated funding from the Government’s Local Growth Fund include transport packages covering Braintree, Chelmsford, Colchester, Maldon, Harlow and Clacton, enhancements to the A13 and A127, and investment in broadband for business parks in Colchester.

The funding package from the Government’s Local Growth Fund was secured by a bid made by the South East Local Enterprise Partnership (SELEP).

County Councillor Kevin Bentley, Deputy Leader and Cabinet Member for Economic Growth & Infrastructure said: “I am very pleased that Essex has been able to win investment from the Government’s Local Growth Fund, which will help to boost infrastructure, support local businesses and keep our economy growing.

“The funding that we have secured will help to improve our roads, tackle pinch points on our highways network that cost businesses time and money, and relieve congestion in our town centres.

“It will also help to support small businesses and young people needing new and better skills to succeed in the job market. I would like to thank Essex businesses and other partners for their crucial support in the development of our funding bid, and for their ongoing support.

“We will continue to argue, both as a member of SELEP and in our own right, for more funding and devolution of powers to local partners to help more businesses and create more jobs for Essex residents.”

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