norfolk/suffolk - SPRING 2018
First anniversary of the Cambridge Norwich Tech Corridor
November 2017 recorded the first anniversary of the Cambridge Norwich Tech Corridor.
The partnership was formed to help promote business and innovation along the A11 link road between the two cities, with the aim of stimulating £500m of new investment. The corridor is home to 23,838 digital tech jobs and is aimed at building upon the sector specialisms of software, data management, financial services, agri-tech, biotech and health/life sciences.
Quadram Institute due to open in mid-2018
Construction of the new Quadram Institute building at Norwich Research Park entered its final phase at the end of Q3 2017, with the fit out of the laboratories and offices commencing. The facility will specialise in research into food, human health, gut biology and disease as well as providing anew endoscopy unit for the Norfolk & Norwich University Hospital. A total of 300 researchers and 100 clinical staff will work at the institute building when it is fully operational.
Norwich and Ipswich economies grow at faster rate than the UK
The economies of both Norwich and Ipswich grew at a faster rate than the UK as a whole in the year to Q3 2017, according to Irwin Mitchell’s latest UK Powerhouse Report. Ipswich recorded growth of 1.9% over the 12 months to the end of September 2017, whilst the Norwich economy grew slightly slower at 1.8%. Over the same period, the UK economy was estimated to have grown by 1.6%.
South Norfolk commended as one of the strongest authorities in the UK for new homes delivery
As new housing starts across the UK jumped to their highest level since 2008, the Minister of State for Housing and Planning has commended South Norfolk Council for their efforts in providing more homes in the region. Over the past five years, a total of 12,000 new homes have been built in Norfolk, although concerns have been raised about the need for more schools and health centres to support the growth.