Northamptonshire County Council is proposing to maintain current levels of funding for boosting prosperity and economic growth to help the county recover from the current economic challenges it faces.
While the council’s ‘Prosperity Agenda’ isn’t a specific line in this year’s budget the investments announced last year have been ring-fenced to make sure the huge steps already taken in the county this year can be sustained.
There will be continued annual investment of £2m into Northamptonshire Enterprise Partnership over the next two years after which it will become self financing and this cash will help the partnership build on the £3.9m it has already attracted to the county through the Growing Places Fund.
Leader of the council Cllr Jim Harker said: “The work to boost economic growth and prosperity throughout Northamptonshire influences so much of our work and is so vital in creating a strong, vibrant and economically successful Northamptonshire which is an excellent place to live and work.
“We will continue to support and promote a full range of work which helps safeguard current and create new jobs, attract new businesses and strengthen our economy – which will obviously be to everyone’s benefit.
“This year has been hugely successful in this regard and it is vital we don’t take our foot off the pedal. This year we have seen NEP gaining Local Enterprise Partnership status and then attracting £3.9m into the county. We have seen the announcement of two University Technology Colleges for the county, the government has announced an Enterprise Zone in Northampton and we have seen significant steps forward in the Silverstone Masterplan.
“We have also worked hard with government to convince them to provide funding for major improvements to the A14 corridor and the construction of the Corby Link Road.
“In addition we have of course managed to attract extra investment into the county to allow us to roll out superfast broadband across the county giving local businesses the freedom to locate where they choose in the county.
“All this doesn’t happen by chance. All this is because we and our partners in other authorities and in the private sector are working harder than ever to provide the right conditions for growth in the county. I am pleased we will be continuing this work over the next four years.”