Economic boost for Great Yarmouth and Lowestoft after inclusion in Assisted Area Status Map

Waveney MP Peter Aldous. Waveney MP Peter Aldous.

Wednesday, December 18, 2013
1:29 PM

Great Yarmouth and Lowestoft could be set for an EU funding boost after the government today published a draft map which proposes which areas of the UK are eligible to receive regional aid.

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Great Yarmouth MP Brandon Lewis. Picture: James Bass.Great Yarmouth MP Brandon Lewis. Picture: James Bass.

Both towns have been included in the Assisted Area Status Map that will cover the next European Union funding period from 2014 to 2020.

Assisted Area Status permits the granting of additional financial support to small businesses and large enterprises in economically disadvantaged locations.

The towns’ inclusion of the draft map comes after the New Anglia Local Enterprise Partnership had proposed both Yarmouth and Lowestoft for the funding bid, with the support of local MPs and councils.

Inclusion in the map will build on the existing incentives of the Enterprise Zones, Local Development Orders and the two ports designation as a Centre of Offshore Renewable Engineering (CORE).

Peter Aldous, MP for Waveney, has welcomed the publication of the draft map which he says could be catalyst for unlocking economic growth and jobs opportunities in the town.

He said: “It is great news that the government has recognised the strong case put forward by the New Anglia Local Enterprise Partnership promoting parts of Lowestoft and Yarmouth for inclusion in the map.

“Assisted Area Status can play a pivotal role in attracting infrastructure investment to Lowestoft, it complements the existing Enterprise Zone and CORE allocations and it has the potential to be enormously beneficial to businesses looking to invest in premises or machinery.

“At present the proposed map is a draft and is now subject to consultation.

“It is important that we now make strong representations to ensure that the allocation is confirmed.”

Yarmouth MP Brandon Lewis said: “This is fantastic news. Funding through AAS status could help unlock jobs across our borough and allow us to really push forward in revitalising our local economy.

“It would be another piece in the economic jigsaw, which is being constructed by our pro-active Government. Great Yarmouth is once again being put on the economic map.

“However we can’t rest on our laurels and I will continue to work to ensure that we stay in the final document.”

The draft map is now subject to consultation.”

A final Assisted Area Status Map will be submitted to the European Commission for approval in March. The consultation runs until Friday, February 7 2014.

The consultation can be found at www.gov.uk/government/consultations/assisted-areas-map-2014-to-2020-stage-2

8 comments

  • Not entirely surprising - two marginal constituencies and a General Election looming .....

    Report this comment

    point du jour

    Wednesday, December 18, 2013

  • Beware of Greeks bearing gifts (and all other members of the EU for that matter)

    Report this comment

    alecto

    Wednesday, December 18, 2013

  • OMG what an odd couple of photo models. Electro Therapy Man and Slimy. The dynamic duo NOT!

    Report this comment

    Paul Morley

    Thursday, December 19, 2013

  • Money sent abroad is not given as charity - it's tied to trade agreements. It's an investment which brings in a lot more than is spent out. Seriously, do you really think the UK Gov Ltd gives money away because they're nice?

    Report this comment

    Demo Crass

    Wednesday, December 18, 2013

  • Yes it is good that a Govt is "pro-active" in the local economy. All we need now is a pro-active district council in Waveney. WDC go out of their way to annoy local businesses e.g. The Sanyo site Saga, the non-existing 3rd crossing, the lack of quality suitable business premises, the continuos wasting of any money received for projects unless it is for their £13m new council offices whilst existing spare public service buildings go empty. I hope the EU don't find out just how bad WDC is for business. Grt Yarmouth and Lowestoft business is still recovering from the £9m? First East waste of time and money, those businesses that didn't move or close down due to the uncertainty etc... Hopefully the LEP will succeed where others failed miserably..

    Report this comment

    Dave01

    Wednesday, December 18, 2013

  • Totally the wrong end of the stick being grasped as usual. This is nothing to do with any specific EU grants, it is more about businesses in the two towns being eligible to bid for funding as and when it becomes available. It is more likely to come from the UK government than Europe anyway. However, I suspect it will have been the local authorities and the LEP that did the hard graft and those two grinning chimps had little if anything to do with it.

    Report this comment

    Tom Jeffries

    Wednesday, December 18, 2013

  • Spot on F&S. Sheer lunacy.

    Report this comment

    DT

    Wednesday, December 18, 2013

  • It's crazy isn't it , as a nation we send billions of pounds abroad in aid to developing countries. We then go cap in hand to the E.U. asking for funding (or can we have some of our money back please) , in order to support the economies of our own regions. Wouldn't it much simpler if we just focussed a little more on getting this country back on it's feet , & sent money abroad as & when we could afford to do so?

    Report this comment

    Tudor Bushe

    Wednesday, December 18, 2013

The views expressed in the above comments do not necessarily reflect the views of this site

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