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Kent Property Market Report reveals confidence

The 19th Kent Property Market Report, launched on October 21st at Princes Park, Dartford, reveals that in spite of a challenging year for the commercial property industry, demand for industrial and office space in Kent and Medway is up by 53% and 43% respectively since last year.
Several large deals have been secured and Locate in Kent reports a 14% increase in new projects with property requirements.

Shapps sets out Spending Review terms for housing

Housing minister Grant Shapps has set out in a letter the settlement for government housing expenditure, announced as part of the Spending Review of 20 October 2010.
Shapps confirms a £6.5 billion settlement over the next four years. The Government will give local authorities "the freedom to borrow against tax revenues and will also provide access to a Regional Growth Fund to fund capital projects which could support housing growth and market renewal schemes", Shapps said.

Pickles writes to council leaders following CSR

Secretary of State for Communities and Local Government Eric Pickles has written to council leaders setting out the implications of today's Comprehensive Spending Review.
The main points include a 7.25% average annual reduction in government funding (a fall of 26% in real terms between 2010-11 and 2014-15 – excluding schools, fire and police).
Read the letter in full here.

Medway Renaissance axed as part of cutbacks

Council chiefs yesterday axed the Medway Renaissance team as part of on-going cost-cutting measures. (Sourced from here.)
The regeneration unit's fate was sealed at Medway Council's cabinet this afternoon.

A Kent and Medway partnership is a local solution to enterprise issues

Imagine that you are at the bar of a pub and the person perched on the stool next to you starts talking about sub national economic development re-organisations. (Sourced from here.)
To put it bluntly, it's unlikely anyone would blame you if you made your excuses and left. After all, it's not exactly an attention-grabbing topic.
Now if that person had wanted to talk about the future of Kent and Medway in simple terms that would have been a different matter. That is why I'm going to tell you why this is such an important subject that will affect every person in Kent and Medway.

Pickles disputes Cable claim over quality of LEP bids

Communities secretary Eric Pickles yesterday flatly contradicted claims from business secretary Vince Cable that only a quarter of local enterprise partnership proposals are 'up to scratch'. (Sourced from Regeneration and Renewal.)
Cable made his comments at a Liberal Democrat conference fringe meeting last month, saying that only 15 of the 57 LEP bids received by government were up to scratch, and that the rest would need "a lot of work" to bring them up to standard.
But Pickles, questioned yesterday by Regeneration & Renewal at the Conservative Party Conference in Birmingham, gave short shrift to the business secretary’s comments. He said bluntly: "That is simply not true."

Locate in Kent records positive perceptions

Locate in Kent's 2010 Perception Study reveals that seven out of ten respondents rated Kent a "good" or "very good" business location.
Nearly three-quarters (73%) of respondents knew of Locate in Kent and 84% were very or fairly favourable in their opinion of the agency.

New £2.5m crossing given go-ahead by council

Work to improve traffic flow on a major Rochester road will get underway next month after being rubber-stamped by council chiefs. (Sourced from Kent News.)
The £2.5 million "open vista" project will see Corporation Street completely revamped, allowing better access between historic Rochester and the new riverside development site.
Bus stops, cycle paths and pedestrian crossings will also be improved.

Visit Kent welcomes PM David Cameron’s tourism pledge

Sandra Matthews-Marsh, chief executive of Visit Kent, has welcomed Prime Minister David Cameron’s endorsement of the key role tourism will play in driving forward economic recovery. (Sourced from Only Kent.)
Speaking in London, Mr Cameron stressed the importance of tourism to the economy stating that it is the third highest export earner with a huge domestic market – supporting 200,000 businesses contributing £115 billion to the British economy and employing nearly ten per cent of the workforce.

No 1 Smithery opens at Chatham Historic Dockyard

A new museum that gives a boss "goosebumps" is set to boost revenue and visitors at Chatham Historic Dockyard. (Sourced from Kent Online.)
No 1 Smithery, a joint venture between Chatham Historic Dockyard Trust, the National Maritime Museum and the Imperial War Museum, houses some 4,000 ship models and marine paintings that have been hidden away for years.

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