A new operations and maintenance (O&M) campus and business incubator on the Great Yarmouth Energy Park
Land assembly for the strategic regeneration of North Quay through private sector-led mixed-use redevelopment
Globally competitive renewables supply chain with huge potential for growth;
One of the most successful Enterprise Zone projects in the UK with significant inward investment already realised within the Energy Park;
A strong maritime sector and infrastructure with a deep-water harbour, river berths and new investment secured for a Third River Crossing to improve connectivity to key growth sites;
Underutilised waterfront land assets and sites near public transport gateways suitable for commercial and residential development.
Land value and development viability are a barrier to realising inward investment and regeneration;
Areas of high deprivation, correlating with skills/education, income, unemployment and health outcomes;
Whilst Gorleston-on-Sea is relatively resilient, the vitality and health of Great Yarmouth town centre has been declining, as reflected in footfall and commercial vacancy rates;
The need to balance the availability of both higher-quality, more-aspirational housing stock and affordable homes to meet the needs of all residents;
A traditional economic reliance on certain forms of seasonal employment associated with tourism;
low enterprise birth rates and high five-year enterprise mortality rates, indicating a less-vibrant entrepreneurial economy.