Development of Supply Chains, Local Procurement and Business Clusters Sample Clauses

Development of Supply Chains, Local Procurement and Business Clusters. Private and Public partners are currently working together through their Local Economic Delivery Partnerships to develop a number of small initiatives aimed at enhancing local supply chains and local procurement over the next four year period. The collective cost to develop, setup and manage those initiatives over that period is estimated to be between £50 and £60 thousand. In addition to the smaller initiatives mentioned above significant opportunities to enhance local supply chains and local procurement will arise if the predicted multi-billion pound offshore construction projects for the Energy sector occur. The intention would be to build upon the smaller initiatives to enhance their scope and functionality to meet the demands of the energy sector developments. The cost to carry out the additional work is estimated to be between £10 and £15 thousand. In both Lowestoft and Felixstowe relocation of businesses to facilitate development at existing industrial parks is set to create new business clusters at those parks and at identified relocation sites. While the potential scale of relocations has been identified the timing, size and nature of any clustering has yet to be considered. The cost of planning the relocations and any associated clustering will be covered by private / public partners. Initial planning has identified the cost of delivering the relocations as a multi million pound undertaking with major funding gaps. The total funding package and HCA element of support needed to bring forward delivery has yet to be identified but will be taken forward as a series of Spatial Investments covered elsewhere in this LIP or in future versions of the document.
Sample 1
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Related to Development of Supply Chains, Local Procurement and Business Clusters

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