Essex County Council invests £1.95m to support growth of county’s economy

News / Mon 4th Mar 2024 at 08:49am

RENEWED investment of £1.95 million will be made to boost economic development initiatives across the county, Essex County Council has confirmed.

The commitment builds on the council’s investment of more than £15 million since 2021. This has resulted in the creation of over 1,200 jobs, provided support for over 1,500 Essex businesses, developed skills training and support for over 20,000 residents and helped secure over £488 million in external funding for Essex regeneration and infrastructure programmes.

Initiatives to benefit include the Business Support Service, which will continue to help over 700 Essex businesses with expertise and connections.  

Support for Essex’s vital visitor economy will be maintained, strengthening partnerships in tourism. The support will also help to create new jobs and business development opportunities in industry sectors forecasted for future growth.

Other programmes include the continuation of the work that secured over £34 million for infrastructure in 2023. There is an aim to secure a further £120 million from housing developers for essential county infrastructure projects in future years.

Long term investment plans will also be developed in collaboration with residents, businesses and partners to attract long-term inward investment into the county from both public and private sectors.

This investment will facilitate the smooth transition of the South Essex Local Enterprise Partnership (SELEP) from central government to the council, by establishing a new Greater Essex Business Board.

The board will ensure that strategic local businesses have a role in shaping the county’s economic strategies and identifying key priorities for the future.

Councillor Louise McKinlay, Essex County Council Deputy Leader and Cabinet Member for Levelling Up, Communities and Business Engagement, said: “This significant investment reaffirms our commitment to the Essex economy, championing our local businesses as they grow, develop new products, venture into new markets and generate jobs for our county.

“I look forward to continued close collaboration with our business partners to shape our economic future through the Local Enterprise Partnership.

“Our comprehensive programme marks another significant step forward, attracting millions of pounds of vital inward investment into Essex, creating a thriving environment where businesses, residents and future generations can flourish.”

Councillor Tony Ball, Essex County Council Cabinet Member for Education Excellence, Lifelong Learning and Employability, said: “Through this funding, we are helping local businesses to thrive and, in the process, create hundreds of jobs in new and growing sectors of the economy, such as green industries, green jobs and innovation in renewable technologies, supporting our net zero ambitions.

“This is great news for Essex and our commitment will support a thriving environment for businesses, residents and future generations.”

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1 Comment for Essex County Council invests £1.95m to support growth of county’s economy:

2024-03-04 11:23:16

To things one net zero is a scam, second councils cannot create jobs in the private sector, all they can do is give back the money taken in taxes in the first place selectively. Much better not to tax in the first place

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