The local economy

The Borough has a growing economy, and is home to a 400 company strong marine energy supply chain with over 50 years of offshore experience. Funding has been sourced through the New Anglia Local Enterprise Partnership with two sites, South Denes and Beacon Park gaining Enterprise Zone status helping to grow and develop business for the Borough. A detailed profile of the Borough, covering both the local economy, labour market and local demographics can be pdf icon downloaded here [1Mb].

Great Yarmouth Borough Council has agreed an pdf icon Economic Growth Strategy 2017-2021 [11Mb], which sets out the council's approach with partners to supporting the growth of the local economy until 2021. The Strategy outlines the key sectors best-placed to deliver new jobs in the borough, the exciting infrastructure and investment prospects, and the challenges being addressed.

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What are the main industries in Great Yarmouth?

Alongside tourism, they are:

  • Oil and gas, including decommissioning
  • Offshore wind
  • Port and logistics
  • Advanced manufacturing and engineering
  • Marine science and surveying
  • Boat building and repair

 

Where can I find information about the Oil and Gas Taskforce?

Supporting businesses and the wider supply chain, the Taskforce stands ready to help and advise businesses across Norfolk and Suffolk that are affected by the challenges facing the oil and gas sector.

Established by New Anglia LEP and working with the East of England Energy Group (EEEGR), Taskforce members include Brandon Lewis, MP for Great Yarmouth, Peter Aldous, MP for Waveney, Norfolk and Suffolk Chambers of Commerce, as well as local authorities, members of Government and Jobcentre Plus.

The Taskforce has commissioned energy experts Nautilus Associates to carry out market research to gain further insight into the problems companies are facing. Nautilus will continue to speak directly and confidentially with companies over the coming weeks.

This research will feed into the New Anglia Growth Hub which has business advisers ready to offer free and impartial face-to-face support. Businesses can contact the Growth Hub advisers by phone or online.

The Growth Hub can be contacted by phone on 0300 333 6536 or by email.

For those individuals affected by redundancy, Jobcentre Plus is on standby to help identify alternative employment and make sure their valuable skills are not lost.

Lynn Rolland, District Partnership Manager at Jobcentre Plus can be contacted by phone on 01603 248667 or 07920 727154 or by email.

The goal is to make sure the longstanding oil and gas industry has a sustainable future, as well as to help businesses and employees take advantage of the opportunities available across the whole energy sector, building on our existing assets of offshore wind and decommissioning.

Where can I find information on the local economy?

The pdf icon Economic Indicators report [542kb] and Borough Profile offer information on all aspects of the Borough. An pdf icon Unemployment Briefing [787kb] is issued every month and you can also read our latest pdf icon Business Newsletter [12Mb]. Email the Research & Information Officer or call on 01493 846431 for more information.

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