Ten years of investment in Felixstowe

Massive private investment backed up by significant public expenditure in infrastructure over the past 10 years has provided enhanced business confidence and community spirit in Felixstowe.

Speaking at the September Breakfast at the Ferry Golf Club, the Mayor, Cllr Graham Newman, revealed that public and private investments during the past decade had totalled more than £875 million.

Mr Newman, who also represents Felixstowe Coastal on the Suffolk County Council, said these investments included more than £10 million spent by the Government on sea defences, as well the many millions of pounds spent by the private sector on developments at the Container Port and the new Pierhead. 

Significant investments had also been made by both the private and public sectors on railway facilities, public buildings and schools, as well as hotels and other new buildings over the years. These included the new Premier Inn and the refurbishment of the Fludyers Hotel, as well as the Orwell Hotel and the “new look” Hamilton Road.

In addition, £5 million was received from the Lottery Fund to redevelop the Seafront Gardens, which are now a major drawcard for many visitors. Further developments are also expected soon on the sites of the old North Sea Hotel and the former Cavendish Hotel, which could revitalise the seafront, he said, adding that local councillors were active in efforts to attract developers and developments to the town.

Looking ahead, Mr Newman said the scale of past investments in the town  and plans for future ones provided big and small businesses with a great opportunity to expand, pointing out it was important to maintain the growth rate to ensure “we can get the jobs and realistic priced homes we will need to keep young people here”

 

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Chamber Team

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