Norfolk Set For Major Growth
Everyone knows Norfolk for its miles of unspoilt beaches, the beauty of countryside, Norfolk Broads, National Parks and of course the City of Norwich, which is renowned for its strong historic, commercial, retail and cultural offer. With a growing population of well over 200,000, the built up area of Norwich is the largest conurbation in the East of England, and the largest economy
Yet sitting alongside this is a strong, diverse and vibrant economy, which is set to grow substantially, there are highly ambitious plans for 73,000 more homes, 57,000 more jobs and 5,300 new businesses by 2026.
Key sectors spearheading this growth include the powerful energy hub on the east coast, advanced engineering and manufacturing capabilities, for example along the A11 corridor, together with a world-class food, life-science and agri-tech cluster and a major ICT Digital Creative sector that was recently recognised as a Tech City.
These sectors present attractive investment opportunities: plenty of space for businesses to start up and grow; quality, cost-effective, commercial property compared to London and the South East; as well as lower than average operating, property and living costs – Norfolk’s housing is 11% lower than the national average.
Norfolk offers businesses a range of support packages from rates relief and simplified planning in the Enterprise Zones, to reduced rental in incubation hubs and grants for SMEs ranging from £5,000 - £500,000.
With an economy worth £17 billion and a highly skilled workforce, Norfolk offers investors a range of attractive opportunities. The county has highly ambitious plans for the Greater Norwich area, and businesses, investors and developers are invited to be part of it.
Locate Norfolk can offer your business a range of support services from commercial property search to planning and grant incentives. Talk to us today at www.locatenorfolk.com or visit our stand D37 at Mipim UK 21st-23rd October, London Olympia #NorfolkMIPIM