Business confidence in the Eastern region has grown with recent figures showing a resurgence in office property sector with overall activity reaching £1.6m, the highest level of activity on record. The construction sector is also reporting increased activity in both residential and public sector projects.
Sales in UK High Street shops have grown strongly since last February, rising at their fastest pace since June 2012, according to a CBI survey and the volume of sales easily beat expectations. Last year Norwich International Airport grew at the second fastest rate among the top 30 UK airports, with a 17 per cent increase in total passengers numbers to 463,401 during 2013.
New Anglia LEP has secured an additional £1.4 million from the government’s regional growth fund to expand its existing growing business fund and offer smaller grants of between £5,000 and £25,000 to SMEs in Norfolk and Suffolk.
To find out about the above and more, read the latest Norwich Economic Barometer attached.
