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Europe Minister celebrates support to Hastings' economy

20 April 2009

Michael Foster, Labour MP for Hastings and Rye, today showed Caroline Flint MP, Labour’s Europe Minister, two major regeneration projects in Hastings which, through EU and SEEDA funding, are continuing to boost life into the town despite the current recession.

Sea Space, the economic development company for Hastings and Bexhill, received £2.14 million in EU funding for Lacuna Place. This is to enable local firms to expand and to help attract companies to the area, creating jobs. Previously, businesses said there was a severe lack of decent premises in the town. The Queensway Enviro 21 Innovation Parks, which received £7 million of SEEDA funding, will provide an environmentally-friendly business development targeted at companies at the cutting edge of environmental technology.

Michael Foster, Labour MP for Hastings & Rye said: "It is fantastic to see that, through European Union and government funding, Hastings can continue to build on its future. Businesses have already taken up space at Lacuna Place and Sea Space tell me they have received significant interest from new companies looking take up remaining space in the building. Providing attractive business premises in the town is important for Hastings' future economic prosperity and job creation."

Caroline Flint, Labour’s Europe Minister said: "I celebrate the fact that the government are channelling EU funding through SEEDA into places like Hastings. Queensway Enviro 21 Innovation Park is especially significant as new the development will attract green jobs. Through these economic challenges, the government wants to look to the future and believes that a low carbon economy will create the jobs of the future."

For more information, please contact

Abigail Gilbert, Sea Space
Tel: 01424 723141
Email: abigailgilbert@seeda.co.uk

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