£8m grant welcomed

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.”

0 comments

Other News Stories

10:03

Fire crews were called out to a tractor fire in Woodbury Salterton on Thursday, March 5.

Read more
Darts Farm staff with the FARMA Best Large Farm Shop award

A Topsham farm shop has been recognised as the best in the UK at an awards ceremony.

Read more
Steve Race

Labour’s parliamentary hopeful for East Devon, Steve Race, has backed banning MPs from holding ‘second jobs’.

Read more
Yesterday, 15:07
Knotweed can cause financial, legal and technical implications.

The event will provide useful information on how to handle the plants.

Read more
Yesterday, 11:58
Police slow sign

An Exmouth man was taken to Royal Devon and Exeter hospital after his Toyota Corolla rolled in Woodbury on Thursday, March 5.

Read more
Yesterday, 09:51
The Duke of Kent will be visiting Exmouth RNLI later this month.

Exmouth is to receive a royal visitor later this month, when His Royal Highness The Duke of Kent visits the town’s lifeboat station.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 7°C

Most Read News

Advertise in the Paper
Submit a Story
Subscriptions Order
Competitions
Photo Orders
Family notices
iwitness24
Google Plus
Facebook
Twitter
Family Notices 24

Digital Edition

Image
Read the Exmouth Journal e-edition today E-edition



Exmouth's trusted business finder