£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.”

0 comments

Other News Stories

06:30

A competition has been launched to inspire people to provide habitats for bees.

Read more
Fri, 16:06

A thieving son who broke into his father’s home when he was in hospital has been jailed after the victim told a judge he had broken his heart.

Read more
Fri, 15:32

A professional footballer paedophile who worked in Exmouth and was found guilty of child abuse has been told by a judge his ‘long jail sentence’ has been adjourned so he can apply for legal aid.

Read more
Fri, 14:50

A Judge has banned nightmare neighbour Alex Humphreys from returning to her former address in Exmouth after her ‘disgraceful’ behaviour towards other residents.

Read more
Fri, 12:55

Exmouth and Lympstone Hospiscare said it has been ‘humbled’ by the selfless generosity of the Harbour View Café.

Read more
Fri, 11:45

Police are appealing for information after an arm shield was stolen from a parked vehicle in Exmouth.

Read more
Fri, 11:02

Plans to demolish a restaurant in Exmouth and replace it with seven houses have been withdrawn by the applicant, although revised plans are expected soon.

Read more
Fri, 10:00

An Exmouth family business is warning others to be vigilant after falling victim to a scam costing it around £1,500.

Read more
Fri, 06:30

A weekly class, inspired by a pensioner who is learning to read for the first time, has been launched in Exmouth.

Read more
Thu, 14:42

‘Be alert, not alarmed’ is the message coming from police in the wake of the attack in Westminster yesterday (Wednesday)

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 6°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