unblocking growth
The Government has proposed a scheme call City Deal. What one thing would you change with funds from the Government that would suddenly open up the potential for economic growth in the Greater Norwich area?
I'm with
Primrose Garden Services
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Also agree with Anne's idea, though feel that more longer term, supported, non institutionalised facilities are also needed.
I've just moved back here after decades away and find that Norwich is virtually cut off from London at weekends on the trains. Engineering works between Norwich/Liverpool St and now also Norwich/Cambridge.
As for the roads - it will be great to have the A11 dualling - but when?
Cheaper buses - I was shocked to find it costs £2.40 single fare from Cringleford into the city - hardly an incentive to leave the car at home. Cycle lanes would help everyone. I've seen too many cyclists involved in accidents in Norwich to take to 2 wheels myself.
Norwich is far too reliant on public sector jobs - needs to attract more private sector and than won't happen until it's more accessible from the rest of the country.
Therefore, there is a great shortage of credit available to business ideas that require small to medium size chunks of capital at what banks would say is high risk, but is really just that the investor needs to take an interest in what is being done with their investment.
Therefore, I would propose that Norwich needs a bank-type facility in its City Deal. The capital to invest may not come from the City Deal funding itself, but what is essential is that profits made are directed back into the local area, and not back to the City of London. Loans made within the facility would require that only Norwich based businesses could take out the loans, and that their intended use of the loan would be with other Norwich-based businesses (i.e. the loan could not be spent with a non-local business advisor, or buying stock from overseas). The money of the City Deal, rather than putting up the capital, would be there to audit such loans to ensure that they were being used to benefit local business. The fund would also require that investors (and therefore payments of interest) are also local.
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