Norfolk Economic Intelligence Report
Norfolk County Council have released their latest economic report for January 2020 to June 2020. The report highlighted:
Employment levels in Norfolk has increased by 2.1% from the same time last year, with Norfolk performing better than the national level (77.5% against 75.8%).
The business birth rate for Norfolk has decreased steadily from 10.9% to 9.9% in the 5 year period between 2014 and 2018.
Norfolk County Councl have successfully secured funding for a 2-year pilot project designed to increase applications to innovation funding streams. The IGFP project will work with existing business advice partners to address longstanding, low application rates from Norfolk and Suffolk based organisations to Innovate UK and other national innovation funds.
The Business Secretary (Alok Sharma) published his long awaited decision on the Norfolk Vanguard Offshore Wind Farm on 1 July 2020, issuing a development consent order (DCO) for the offshore project and the onshore grid connection works/infrastructure.
A new team is now in place to support apprenticeships across Norfolk. Sophie Allport and Simon Kenny (Apprenticeships Officers) joined in December 2019 with Katy Dorman (Strategy Manager) joining in February 2020.
For full details of the latest economic intelligence report click here.