Essex County Council welcome multimillion pound boost

Communities / Thu 29th Jan 2015 at 03:34pm

ESSEX County Council is today welcoming £14 million of Government funding to boost economic growth in the county.

The money is the County Council’s share of £46.1 million of Local Growth Fund money secured by the South East Local Enterprise Partnership.

It has been allocated to three major projects:

£3.2 million for the Southend and Rochford Joint Area Action Plan, which provides for establishing a high end business park near London Southend Airport on a 55-acre greenfield site which will create 858 homes and up to 2,600 new jobs

£10 million for the Chelmsford City Growth Area, for transport improvements in Chelmsford city centre, improving flow and access, reducing congestion, encouraging cycling and walking and enabling the provision of up to 1,560 new homes and 1,770 jobs

£800,000 for a flood alleviation scheme to protect over 1,000 commercial and residential properties and enable 800 new jobs and 250 new homes in Chelmsford city centre

Cllr Kevin Bentley, Essex County Council Cabinet Member for Economic Growth and Infrastructure, said: “This money is a welcome boost for the economy of Essex. The three projects we have been successful in bidding for will have a huge positive impact on people in Essex.

“The money for the Southend and Rochford Joint Area Action Plan will help kickstart progress on a major new business park at the London Southend Airport which will deliver jobs across Essex and make the county even more attractive to businesses.

“The Chelmsford City Growth Area funding will boost the regeneration of Chelmsford City centre, helping us to unlock potential and opportunity of the city centre which will result in new jobs and homes.

“Also in Chelmsford, the flood alleviation scheme will protect houses and businesses providing valuable security which is vital for a prosperous economy.

“We will work with our partners in these projects to make these schemes reality. They are further proof that Essex means business.”

Peter Jones, South East LEP Chair, said: “This Growth Deal is a huge boost for the South East Economy – through our Deal with Government almost half a billion pounds is now to be invested in local growth, supporting projects of national significance and of real importance to local areas, bringing new jobs, businesses and homes.

“This funding builds on the earlier investment announced for transport infrastructure, reaches right across the South East from the Thames Gateway to our coastal towns and attracts new private sector support. By recognising the development of our SEFUND investment fund, it also offers the opportunity to fund future growth in new and different ways.

“SE LEP has taken huge strides in recent months; our excellent businesses and councils across East Sussex, Essex, Kent, Medway, Southend and Thurrock are working together to make the South East the place for business and growth.”

The money is allocated for 2016/17, but planning work has already started on these schemes.

Essex County Council is currently running an Essex Means Business campaign. It aims to put Essex firmly on the map as the place to be for innovation, skills and enterprise. Follow the campaign on social media by searching #EssexMeansBusiness.

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