£8m grant welcomed

PUBLISHED: 12:06 24 October 2012

Archant

A massive £8milllion grant has been rubberstamped by Whitehall chiefs, which could create 1,000 new jobs in East Devon and Exeter.

The Exeter and East Devon Growth Point has secured the cash from the Government’s Regional Growth Fund (RGF), a £2.4billion pot of cash set up to boost economic growth.

The Exeter and East Devon Growth Point, which includes Exeter Science Park and the Clyst Honiton by-pass, intends to use the money, which should be available in the new year, to fund new roads and green energy schemes, or used to remove obstacles and kick start development.

Ultimately, it is expected that this will help to create more than 1,000 jobs and help build more than 1,000 new homes.

Cllr William Mumford, chairman of the Growth Board said: “This is fantastic news.

“We are getting ever-closer to delivering on our vision, affordable homes, good job opportunities and sustainable living.”

Leader of East Devon District Council Paul Diviani said: “We are delivering substantial, dynamic development.

“We are over the moon that the Government has seen fit to allocate a substantial portion of the Regional Growth Fund to enable us to continue the process.”

Other News Stories

These photos and videos show firefighters at Newton Poppleford, where a fire broke out on a garage and spread to an adjoining bungalow.

The roof of the home was completely destroyed. Neighbours were evacuated to safety as the crews tackled the fire.

Read more

Managing director Mark Gribble spoke of his excitement at opening the business in Budleigh Salterton.

Read more

Multiple fire crews are tackling a garage fire at Newton Poppleford. The fire service said the blaze has spread to a bungalow and a neighbouring garage.

Read more
13:29

Visitors will have a chance to see the RNLI’s lifeboats at the Queen’s Drive station from 10am on Sunday, August 13.

Read more
13:24

The concert is being held in aid of Devon Air Ambulance, which is celebrating 25 years of service.

Read more

Defibrillator awareness seminars are being held in Budleigh Salterton on Wednesday, August 2.

Read more
10:07

Exmouth fundraisers have given a helping hand to Devon’s airborne lifesavers.

Read more
10:06

Youngsters at an Exmouth primary school have enjoyed a musical celebration, with help from pupils from another school in the town.

Read more
Yesterday, 19:00

Barbara Stratton-Knott, from Budleigh, was given the award after a vote by her fellow members.

Read more
Yesterday, 18:00

Ride is situated in Beach Gardens on Exmouth seafront

Read more

Comments have been disabled on this article.

Local Weather

Rain

Rain

max temp: 18°C

min temp: 13°C

Most Read News

Useful Links

Advertise in the Paper
Submit a Story
Subscriptions Order
Competitions
Photo Orders
Family notices
iwitness24
Google Plus
Facebook
Twitter
Reader Travel

Family Notices 24

Read Online

Image
Read the Exmouth Journal e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter

Local business directory

Exmouth's trusted business finder

HOT JOBS

Show Job Lists


Find planning applications