The big picture: Several major developments have contributed to the growth:
The Range opened a 1.17 million sq ft distribution hub in Stowmarket's Gateway 14, creating more than 1,600 jobs
Turkish firm Assan Panel and German company Bauder established new facilities at Gateway 14
Australian company Rux Energy opened its first overseas office in Harwich
Scottish Power and RWE are developing new investments in the cleaner fuels sector
What they're saying: Steve Beel, Chief Executive Officer of Freeport East, said: "Our role is all about boosting investment, productivity and job creation in the East of England. This year, with our partners, we've secured a number of exciting new businesses moving into the region to help realise that goal."
Sir Christopher Haworth, Chairman of Gateway 14, added: "It’s an exciting time of economic growth for our region. Building on our strategic location close to the Port of Felixstowe and major transport networks, and in an area with strong links to universities and a skilled workforce, I’m excited to see the progress and development we are continuing to deliver."
Looking ahead: Plans for 2025 include:
Progress on the Harwich Clean Energy and Maritime Innovation Cluster
Development of new office space in Harwich town centre
Advancement of the Bathside Bay Green Energy Hub project, which will provide around a mile of new quay wall and 120 hectares of storage and manufacturing infrastructure
Supporting local business: The organisation has launched two new funds worth almost £1m to support small businesses and education organisations, including the:
Clean Growth Fund
Skills and Innovation Fund
Local beneficiaries include Insight Energy near Ipswich and two University of Essex spin-out companies.
Freeport East invests nearly £1m to boost local businesses and skills
Freeport East is injecting almost £1 million into East of England businesses and education organisations through two new funds to support small businesses and strengthen opportunities in high-growth sectors like clean energy.
Bottom line: With 1,800 jobs already committed and £250m in private investment secured, Freeport East is delivering on its promise to boost economic growth in the region, with more developments planned for 2025.
