Jump in costs drives up inflation for region’s firms
Businesses in the region have been hit by a sharp rise in costs and economic uncertainty although firms are still looking forward with ‘some optimism’, according to a key survey of purchasing managers. Rising wages, energy and supplier prices were behind a pick-up in the rate of input price inflation at private firms in the East of England in April for the fourth time in five months, says the NatWest East of England growth tracker. Cost inflation was the highest for over two years as rising labour costs reflected April’s increase in national insurance contributions and the minimum wage. Firms in the region also raised their own prices for goods and services at the fastest pace in three months. The survey, taken after the US tariff announcements on 2nd April, pointed to further falls in output, new orders and employment in the region. The survey’s business activity index dipped to 47.9 in April, from March’s 48.8, and a recorded a decline in new business for the fifth month running. Wokforce numbers in the East also fell for the eighth month running. Although confidence has weakened, firms remain optimistic for growth over the year ahead as interest rates and inflation fall and there is more certainty on tariffs. Sebastian Burnside, NatWest chief economist, said: “Firms across the UK reported a challenging start to the second quarter….Despite this, it’s encouraging to see that some firms in the East of England are still looking to the future with some optimism, although growth expectations are lower than they have typically been in the past.”
Major Norwich industrial site put up for sale

One of the largest industrial sites in Norfolk to come to the market for many years – the former home of window maker Swift Frame on the Sweetbriar Industrial Estate in Norwich – has been put up for sale. Swift House, involving over 94,000 sq ft of industrial/warehousing units on a 7.7 acre site, is being offered either freehold or leasehold through property firm Arnolds Keys. Built in the 1990s, the two large industrial buildings on the site are currently being refurbished. The site is next to he Amazon distribution centre and has a 800kVA power supply, making it suitable for manufacturing as well as warehousing/distribution. It also has a large ancillary yard and 2.1 acres of undeveloped land. “This is a very substantial industrial site on a key industrial hub in Norwich,” said Nick O’Leary, head of commercial agency at Arnolds Keys. “We envisage that it will appeal to a major regional or national business, which could in turn lead to substantial employment opportunities as the site is brought back into use.”
New innovation hub for growth sectors opens in Harwich

Freeport East has opened a new head office and innovation hub in Harwich. The new ‘Harwich Innovation Hub’, co-located with the Freeport East office, will be a flexible and scalable workspace to support firms in key growth sectors such as clean energy, AI, digital and maritime. The new hub, in the port and industry area of Harwich, will also host workshops, networking events and mentoring programmes. Steve Beel, chief executive of Freeport East, said: “The launch of the Harwich Innovation Hub is a major step forward in our mission to make Freeport East and Harwich a hub for sustainable growth and future-focused innovation.” The new facility has been built with support from Volunteer It Yourself (VIY) – which equips young people with trade skills while renovating community spaces.
Separately, Freeport East has launched a campaign, ‘From the Rooftops’, to boost the use of rooftop solar on commercial buildings in the area. The concentration of large industrial rooftops in the logistics, warehousing and commercial sector and high solar radiance levels means Ipswich, Stowmarket, Felixstowe and the wider area are ideally-placed for solar. Estimates suggest over 1GW could be possible across all Suffolk.
Cambridge tops study of ‘sustainable cities’ for business
Cambridge has emerged top of a league table of the most sustainable cities in the UK for running a business. The survey from BusinessWaste.co.uk showed Cambridge scored 60.86 out of 100 on an indicator of sustainability. The city is home to 76 office buildings that are BREEAM-certified and it has the sixth highest number of EV charging devices per 100,000 population, at 237.4. Other factors included renewable energy capacity, public transport access, ulez schemes, recycling and business survival rates. Southend-on-Sea ranked as the worst city in the UK for sustainable business, scoring 23.69. The survey says studies have shown that businesses that integrate ESG practices see a positive financial performance.
Life sciences ‘super hub’ supports nearly 300 firms in first year

The Deloitte Life Sciences Catalyst business lounge in Cambridge has supported nearly 300 local start-ups since it was started a year ago. Dozens of pharma firms and tech start-ups gathered last week to mark the first anniversary of a the facility used to help accelerate their business (photo). The space, designed to be a regional hotspot for start-ups and leading businesses in the life sciences sector, has been used by local businesses over 1000 times. Julian Rae, office senior partner at Deloitte Cambridge, said: “One year on, our business lounge has become a super hub for Cambridge’s business community. The engagement and energy from our members has exceeded all expectations, and we’re committed to evolving this space to meet the changing needs of our clients and partners.”
Photo (l-r): Andy Richards, Lucy Jung with Deloitte Cambridge office senior partner, Julian Rae; Alex Alanine and Deloitte life sciences & healthcare partner, Rob Hankey.
Separately, Maxion Therapeutics is expanding its Cambridge hq and doubling the size of its offices and lab space at Unity Campus, provided by developer Howard Group. Maxion has signed a new lease for nearly 9,000 sq ft of additional space on the site.
Property consultancy opens new Cambridge office with plans for growth

Property development consultancy Pegasus Group is moving to a new office at Vision Park in Cambridge to accommodate a growing team in the region. The move forms part of a planned expansion follows significant growth across East Anglia, Lincolnshire, Essex and Kent. The new office will house over 30 specialists with a focus on planning, landscape, heritage, design, infrastructure and is targeting residential opportunities in the region. The firm is also looking to expand its heritage and infrastructure consultancy services. Robert Barber, executive director at the group’s Cambridge office, said: “This is an exciting time for growth in Cambridge and the South East. Our team is looking forward to growing our support for clients and deploying our deep industry expertise to drive development in the area.”
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