Economic Development

While local authorities do not have the resources to make a large impact in macro-economic terms, they can intervene positively in micro terms where they perceive market failure in a specific area of the economy.

North Norfolk District is a large rural area of some 96,547 hectares (373 square miles) situated on the northern periphery of the East of England Region.

Help for residents and local businesses in North Norfolk to utilise various products and services that relate to business support information, business advice, training opportunities, financial assistance and other support services available to them.

The performance of the North Norfolk economy is dependent upon local, national, and international factors.

Businesses in North Norfolk can benefit from a range of financial assistance packages, to help with training, development and other needs.

The key objective for the Council’s Economic Development Unit is increasingly becoming one of ensuring the best use of current and future resources and recognising the growing importance of the contribution that needs to be made by the whole community.

A key element of the work of the North Norfolk Skills Partnership, Learning 4 Everyone and the rest of the Economic Development Team is to help create an infrastructure which can support the needs of the business sector as a whole.

Lord Leitch in his influential report on adult learning in 2006 highlighted the need for Britain to raise qualifications in order to be globally competitive.

We know we’re in recession and that people and businesses are feeling the strain. Councils, government agencies and other partners are working together to help communities, businesses, families and individuals in many ways.

Following the emergency budget in June 2010 the new Coalition Government announced the future abolition of regional structures including government offices and development agencies. It is the government’s intention to reform the system of sub-national economic development and replace the Regional Development Agencies with local enterprise partnerships (LEPs).