The investment plan was developed by Lowestoft Place Board in partnership with East Suffolk Council. The investment plan sets out ambitious plans for future development and investment in Lowestoft over the next 10 years.
With a successful £24.9million award for Lowestoft, through the Towns Fund process. The Town Investment Plan has been created as a catalyst for attracting further funding from both public and private sector investment, sitting alongside an extensive regeneration programme in Lowestoft. Whilst also building on the success of the significant recent public sector investment announced for the ‘Gull Wing’ (previously known as the Third River Crossing), the Lowestoft Flood Risk Management Programme (LFRMP) and the Full Fibre Project.
The locally-owned investment plan covers the wider Lowestoft area and will drive real change through long-term economic and productivity growth, through investment in land use, economic assets, including cultural assets, skills and enterprise infrastructure. In addition, it will be a key tool in the recovery of the town following the Covid-19 pandemic.
East Suffolk Council is working closely with local partners and stakeholders, as well as with key national organisations and funding partners such as Historic England, Arts Council England and National Lottery Heritage Fund to maximise and complement the Lowestoft Investment Plan, to unlock the town’s full potential. A strong partnership that combines public, private and community organisations together, combining their resources, knowledge and expertise will enable us to deliver the best opportunities for our town.
• To overcome barriers to unlock private and public sector investment to enable growth and development.
• To improve the quality, sustainability and range of housing stock, futureproofing housing demand.
• To provide a town which retains and attracts younger people to work and live.
• To provide facilities, employment land and premises to capitalise on the continued investment in the offshore renewables, engineering, maritime and science sectors.
• To secure long-term, higher skilled jobs that raise aspiration and increase opportunities.
• To capitalise on the town’s heritage and cultural assets, enhancing the offer for the future, driving economic growth and to enable community cohesion.
• To Improve digital infrastructure for current and future generations.
• Increase the resilience of the town to mitigate and adapt to the current and future impact of climate change.