Tracking and Tackling the Recession in West Norfolk

The Tracking and Tackling the Recession in West Norfolk event was organised by the West Norfolk Partnership. The idea behind this economic summit was to draw together hard data and anecdotal evidence from both the public and private sector to build a more complete picture of how the current economic climate is affecting West Norfolk.  The next step will be to identify what measures the public sector can take and also what local businesses, voluntary organisations and residents can do to help reduce the impact of the recession.  
 
Below is an action plan that came from the day and a list of each action and the progress of these.We see this as a living document that needs to be updated and developed as ideas and projects progress. If you have any actions or progress points to add please email economic.summit@west-norfolk.gov.uk. If any local businesses, public sector agencies or voluntary organisations who feel they may have valuable contributions to make in terms of data and information or help and advice – please e-mail economic.summit@west-norfolk.gov.uk.

The Enterprise Fiance Guarantee (EFG) scheme is run by the Department for Business, Enterprise and Regulatory Reform (BERR).

 

Where loans of between £1000 - £1m are made to viable businesses that have turnover of £25m or less, 75% of the loan can be underwritten by the EFG scheme. Loans from 26 lenders are now covered by the scheme, including most high street banks. for full details please click on the link below -