Economic recovery plan launched to support businesses in the districts
Following two years of unprecedented challenges, Babergh and Mid Suffolk District Councils have launched their economic recovery plan outlining the different initiatives, schemes, and packages to help businesses large and small in the districts.
The aim of the recovery plan is to provide a direction for the councils to support businesses and communities post Covid to stimulate innovation, attract inward investment and encourage strong economic growth.
The recovery plan is segmented into three priority themes; innovation & creative, connected & sustainable, and successful & skilled with a focus on helping businesses recover and grow after the economic impact of the pandemic.
Commenting on the recovery plan, Cllr Michael Holt, cabinet member for economic growth, Babergh District Council said:
“After the challenges of the last 2 years, it is important that we have a strong plan in place so we can offer the right support to businesses and our communities. We want to help our businesses remain resilient and continue to grow creating a strong local economy that will attract more people to live and work in our communities.”
Since the first lockdown in March 2020, Babergh and Mid Suffolk District Councils have administered over £81m in government grants to help businesses through the financial impact of Covid. In addition, initiatives such as the Virtual High Street, the Innovation Awards, Innovate Local and the Local Energy Showcase have provided businesses with new opportunities to grow and develop.
Cllr Gerard Brewster, cabinet member for economic development, Mid Suffolk District Council commented:
“Our ambition is to support strong growth across the district, to encourage innovation and creativity, to upskill our communities and help stimulate a wide range of job opportunities. To achieve this, we need to continue building strong working relationships with a range of partners, encouraging investment, connecting our communities and promoting our towns and villages as places that people want to call home.”