Press release

PM sets out long-term economic plan for the East of England

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The long-term economic plan for the East of England will be set out today by the Prime Minister at a speech in Felixstowe.

The Prime Minister will be making a speech to business leaders in Felixstowe today before visiting businesses and sites across the East of England to set out the long-term economic plan for the region.

The East of England has seen the fastest growth in employment of any English region outside London since the last election and the Prime Minister will highlight what has been delivered and what is under way as part of ongoing work to build a more resilient economy. The Prime Minister will also talk about what more can be done to secure a brighter future for hard-working people across the region. Our plan aims to create 250,000 new jobs by 2020 and will take forward £4.2 billion of investment into transport infrastructure.

Prime Minister David Cameron said:

Our long-term economic plan is working in the East of England. The region has 80,000 more businesses and the fastest growth in employment in England outside London. Nearly 200,000 more people have the financial security that a job and regular pay-packet bring since 2010. I am determined to go further and we will keep working through our plan to secure a brighter future for hardworking people across the East of England by making the most of the region’s strengths in science, defence and energy, ensuring we have world-class infrastructure and backing business to create more jobs.

Chancellor of the Exchequer, George Osborne said:

The East of England is growing and creating jobs, and on many measures doing so more quickly than other parts of our country. We need to maintain this, which is why the Prime Minister is today outlining the next steps in our long term economic plan for the East of England. That plan will aim to create 250,000 new jobs and boost the East of England’s growth by over £12 billion.