£100m to invest into the future of Essex

Essex County Council have announced a new fund which will invest £100 million to set the Essex economy up for the future.

The Essex Renewal Fund (ERF) has a 20-year growth framework and will help create 1,500 jobs.

It will make long-term investments to support economic growth, delivering a commercial return to the council.

It will target land and property assets in Essex and focus on identified levelling up priority areas. It will also promote the county’s potential and support residents, town centres and businesses.

The ERF will target identified key growth sectors, and will support Essex County Council’s ambitions on future and green growth, net zero, providing good quality jobs and levelling up the economy.

Cllr Lesley Wagland, ECC Cabinet Member for Economic Renewal, Infrastructure and Planning, said:

“The Essex Renewal Fund will benefit our areas of improvement, providing new skills opportunities, investment into our high streets and supporting our residents and businesses.

This is a very exciting time for Essex, and we will now implement our plans for the fund to get under way.”

More information on ECC’s plans for economic growth across Essex is available in the Everyone’s Essex strategy.