Jaynic has become the latest member of the Eastern Powerhouse.
The Eastern Powerhouse is a business-led partnership that will platform the whole of the East of England as a single interconnected entity. It was officially launched on Tuesday 15 March at a reception in Westminster in the company of 100+ leading businesspeople, politicians, and journalists from across the East.
A long-term aim of the project is to raise the region to the level of the South-East (excluding London) in terms of GDP per capita. This would deliver:
- An extra £31.2bn a year in GDP;
- £11.5bn of additional tax-take for the Exchequer; and
- An annual increase in per capita disposable income for East of England residents of £3,100.
Nic Rumsey, managing director of Jaynic, says:
“We welcome the formation of the Eastern Powerhouse and as we are predominantly developing in the region, we have no hesitation in signing up as members. We strongly believe that there should be a unified voice promoting the great opportunities for growth and investment that the East of England has to offer to regional and central government, and internationally”
Over the last five years, Jaynic has radically expanded the scope of its business through a suite of new projects aimed at boosting the commercial, logistical, and residential infrastructure of the East.
The company has secured planning consent and land option agreements at key locations throughout the region, and has a strong track-record of delivering high quality, sustainable, and efficient development to local areas. Amongst its recent projects:
- At Suffolk Park in Bury St Edmunds, Jaynic has developed 1.3m square feet of new warehouse and business space, with another 283,000 sq ft under construction.
- At the Haverhill Research Park, the company has developed the EpiCentre – an innovation centre managed by Oxford Innovation. This has helped to attract life science, biotech, digital technology and entrepreneurial start-up companies to the area, who see the location as a cost-effective alternative to Cambridge.
- The company was appointed to manage the development of the Gateway 14 site at Stowmarket. This 156 acre location will provide up to 2.36m sq ft of commercial accommodation. A £6.4m infrastructure contract has been let to open up the park, completing in December.
Eastern Powerhouse Chair, James Palmer, shares his thoughts on the new member:
“In recent years, Jaynic has proved itself a significant force for good in the East of England; driving development and innovation in areas that tend to be overlooked by business. We are therefore delighted to have the company on-board in our efforts to transform the region into a major business hub. For too long, the East of England has been treated as the forgotten corner of the UK. To address this, Easterners desperately need a shared voice which speaks for the region as a whole – and which can make a coherent and compelling case to government for more investment in health, education, and infrastructure. By working with likeminded partners like Jaynic, we hope the Eastern Powerhouse can offer that voice”.
